TC Energy Co. (TSE:TRP) Director Purchases C$99,732.15 in Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Trevor Ebl bought 1,470 shares of TC Energy stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of C$67.85 per share, with a total value of C$99,732.15.

TC Energy Trading Up 0.4 %

Shares of TRP traded up C$0.26 during mid-day trading on Monday, reaching C$67.97. 288,467 shares of the company’s stock traded hands, compared to its average volume of 4,780,348. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$70.32. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The stock has a market cap of C$70.09 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.69 and a beta of 0.82. The stock’s 50-day moving average is C$66.41 and its two-hundred day moving average is C$65.63.

Analysts Set New Price Targets

A number of equities research analysts have commented on TRP shares. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Jefferies Financial Group raised their price objective on TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. BMO Capital Markets boosted their price target on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. CIBC raised their price target on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada increased their price objective on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$73.25.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.