In a report released on April 25, Robert Kwan from RBC Capital maintained a Buy rating on TC Energy (TRP – Research Report), with a price target of C$59.00. The company’s shares closed yesterday at $36.10.
According to TipRanks, Kwan is a 5-star analyst with an average return of 10.3% and a 66.53% success rate.
In addition to RBC Capital, TC Energy also received a Buy from Scotiabank’s Robert Hope in a report issued on April 17. However, on April 18, Barclays maintained a Hold rating on TC Energy (NYSE: TRP).
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 158 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.
