TC Energy (TRP) Expected to Announce Earnings on Friday

TC Energy (NYSE:TRP) (TSE:TRP) will likely be announcing its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $2.53 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

TC Energy Trading Up 0.1 %

TRP stock opened at $47.25 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.31 and a debt-to-equity ratio of 1.78. The company has a market cap of $49.10 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 4.45 and a beta of 0.81. The business has a fifty day simple moving average of $46.75 and a 200-day simple moving average of $46.44. TC Energy has a 52 week low of $31.83 and a 52 week high of $50.37.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com initiated coverage on TC Energy in a report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group increased their price objective on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a research report on Monday, October 21st. TD Securities assumed coverage on TC Energy in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Finally, Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.00.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.