TC Energy Corporation (NYSE: TRP): Analyst View Points To Future Growth

TC Energy Corporation (TRP) concluded trading on Wednesday at a closing price of $37.16, with 4.15 million shares of worth about $154.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.49% during that period and on April 10, 2024 the price saw a loss of about -3.08%. Currently the company’s common shares owned by public are about 1.04B shares, out of which, 1.04B shares are available for trading.

Stock saw a price change of -5.30% in past 5 days and over the past one month there was a price change of -8.56%. Year-to-date (YTD), TRP shares are showing a performance of -4.94% which decreased to -8.92% 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 $42.76 during that period. The average intraday trading volume for TC Energy Corporation shares is 2.78 million. The stock is currently trading -6.77% below its 20-day simple moving average (SMA20), while that difference is down -5.81% for SMA50 and it goes to -1.38% lower than SMA200.

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TC Energy Corporation (NYSE: TRP) currently have 1.04B outstanding shares and institutions hold larger chunk of about 77.51% of that.

The stock has a current market capitalization of $38.55B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 18.34, while it has posted earnings per share of $2.03 in the same period. It has Quick Ratio of 0.88 while making debt-to-equity ratio of 2.15. 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 1.87% while standing at 1.42% over the month.

Analysts are in expectations that TC Energy Corporation (TRP) stock would likely to be making an EPS of $0.83 in the current quarter, while forecast for next quarter EPS is $0.67 and it is $3.23 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.71 which is $0.96 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 $0.91 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -9.50% while it is estimated to increase by 4.41% in next year. EPS is likely to grow at an annualized rate of -2.00% for next 5-years, compared to annual growth of -7.63% made by the stock over the past 5-years.

Stock get a Sell rating from Goldman on October 06, 2023.

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