In a report released today, Theresa Chen from Barclays maintained a Hold rating on TC Energy (TRP – Research Report). The company’s shares closed yesterday at $40.28.
Chen covers the Energy sector, focusing on stocks such as Oneok, TC Energy, and Enbridge. According to TipRanks, Chen has an average return of 17.5% and a 76.62% success rate on recommended stocks.
Currently, the analyst consensus on TC Energy is a Moderate Buy with an average price target of $42.98.
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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 $4.24 billion and a GAAP net loss of $978 million. In comparison, last year the company earned a revenue of $4.04 billion and had a net profit of $1.65 billion
Based on the recent corporate insider activity of 101 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 Advances Strategic Sale of LNG Assets
- TC Energy enters agreement to sell Prince Rupert Gas Transmission entities to Nisga’a Nation and Western LNG
- TC Energy to sell Prince Rupert Gas Transmission entities
- TC Energy Divests Gas Transmission System
- TC Energy announces sale of Portland Natural Gas Transmission System
