J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on TC Energy (TRP – Research Report) today and set a price target of C$60.00. The company’s shares opened today at $39.84.
According to TipRanks, Tonet is a 4-star analyst with an average return of 3.5% and a 53.96% success rate. Tonet covers the Energy sector, focusing on stocks such as Nustar Energy, TC Energy, and DT Midstream.
In addition to J.P. Morgan, TC Energy also received a Hold from TD Securities’s Linda Ezergailis in a report issued on February 21. However, on the same day, Stifel Nicolaus reiterated a Buy rating on TC Energy (NYSE: TRP).
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Based on TC Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.21 billion and a GAAP net loss of $120 million. In comparison, last year the company earned a revenue of $3.3 billion and had a net profit of $908 million
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRP in relation to earlier this year.
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TC Energy (TRP) Company Description:
Canada-based TC Energy Corporation is an energy infrastructure company. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage.
Read More on TRP:
- TC Energy price target raised to C$51 from C$50 at TD Securities
- TC Energy price target raised to C$59 from C$54 at RBC Capital
- TC Energy price target raised to C$58 from C$55 at Scotiabank
- TC Energy files 2023 annual disclosure documents
- Options Volatility and Implied Earnings Moves Today, February 16, 2024
