TC Energy Corporation (TRP) Outlook Starting To Look Brighter?

TC Energy Corporation (TRP) concluded trading on Thursday at a closing price of $37.46, with 3.57 million shares of worth about $133.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.86% during that period and on Thursday the price saw a loss of about -0.72%. Currently the company’s common shares owned by public are about 1.04B shares, out of which, 1.04B shares are available for trading.

However, the stock later moved at a day high price of 37.78, or with a loss of -0.72%. Stock saw a price change of -5.97% in past 5 days and over the past one month there was a price change of -5.26%. Year-to-date (YTD), TRP shares are showing a performance of -4.17% which decreased to -10.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.51 but also hit the highest price of $42.80 during that period. The average intraday trading volume for TC Energy Corporation shares is 2.41 million. The stock is currently trading -3.98% below its 20-day simple moving average (SMA20), while that difference is down -3.68% for SMA50 and it goes to -1.24% lower than SMA200.

TC Energy Corporation (NYSE: TRP) currently have 1.04B outstanding shares and institutions hold larger chunk of about 80.50% of that.

The stock has a current market capitalization of $38.85B and its 3Y-monthly beta is at 0.77. It has posted earnings per share of -$0.06 in the same period. It has Quick Ratio of 0.75 while making debt-to-equity ratio of 1.95. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TRP, volatility over the week remained 1.75% while standing at 1.57% over the month.

Analysts are in expectations that TC Energy Corporation (TRP) stock would likely to be making an EPS of $Tupperware Brands Corporation in the current quarter, while forecast for next quarter EPS is $1.48 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Molson Coors Beverage Company which is $Kimbell Royalty Partners at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $The Travelers Companies, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.43% while it is estimated to decrease by -5.28% in next year. EPS is likely to grow at an annualized rate of -2.80% for next 5-years, compared to annual growth of -28.51% made by the stock over the past 5-years.

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