Insider Buying: TC Energy Co. (TSE:TRP) Director Acquires 600 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Joshua Gibbon acquired 600 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were bought at an average price of C$69.15 per share, for a total transaction of C$41,492.88.

TC Energy Stock Up 1.4 %

TSE TRP opened at C$69.20 on Thursday. TC Energy Co. has a twelve month low of C$43.83 and a twelve month high of C$70.32. The stock has a market cap of C$71.36 billion, a PE ratio of 13.76, a PEG ratio of 1.69 and a beta of 0.82. The firm has a 50-day simple moving average of C$66.42 and a 200 day simple moving average of C$65.76. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRP. National Bankshares raised their price objective on shares of TC Energy from C$70.00 to C$71.00 in a research note on Wednesday, November 20th. CIBC upped their price target on TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research report on Thursday, January 9th. Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Barclays upped their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. Finally, TD Securities set a C$73.00 price target on TC Energy and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Six analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$73.25.

TC Energy Company Profile

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.