Analysts Update Their Price Forecasts For TC Energy Corporation (TRP)

TC Energy Corporation (TRP) concluded trading on Thursday ata closing price of $43.81, with 2.73 million shares of worth about $119.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.70% during that period and on August 15, 2024 the price saw a gain of about 0.32%. 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 0.74% in past 5 days and over the past one month there was a price change of 9.36%. Year-to-date (YTD), TRP shares are showing a performance of 12.07% which increased to 22.55% 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 $43.99 during that period. The average intraday trading volume for TC Energy Corporation shares is 2.89 million. The stock is currently trading 3.38% above its 20-day simple moving average (SMA20), while that difference is up 9.09% for SMA50 and it goes to 13.04% higher than SMA200.

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TC Energy Corporation (NYSE: TRP) currently have 1.04B outstanding shares and institutions hold larger chunk of about 79.70% of that.

The stock has a current market capitalization of $45.45B and its 3Y-monthly beta is at 0.84. PE ratio of stock for trailing 12 months is 18.01, while it has posted earnings per share of $2.43 in the same period. It has Quick Ratio of 0.68 while making debt-to-equity ratio of 2.16. 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 0.95% while standing at 1.60% over the month.

Stock’s fiscal year EPS is expected to drop by -7.66% while it is estimated to increase by 0.85% in next year. EPS is likely to grow at an annualized rate of -0.90% for next 5-years, compared to annual growth of -7.63% made by the stock over the past 5-years.

Stock get a Peer perform rating from Wolfe Research on October 17, 2023.

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