TC Energy (TSE:TRP) Shares Cross Above 200 Day Moving Average – What’s Next?

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$66.42 and traded as high as C$66.93. TC Energy shares last traded at C$66.59, with a volume of 7,840,356 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TRP. Royal Bank of Canada boosted their target price on shares of TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Jefferies Financial Group boosted their price target on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Citigroup upgraded TC Energy to a “hold” rating in a research report on Friday, April 4th. Finally, CIBC increased their price target on TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research note on Thursday, January 9th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, TC Energy presently has an average rating of “Moderate Buy” and an average price target of C$73.25.

TC Energy Trading Up 1.1 %

The company has a 50-day moving average price of C$66.55 and a two-hundred day moving average price of C$66.42. The stock has a market cap of C$68.67 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

Insider Buying and Selling at TC Energy

In other TC Energy news, Senior Officer Michele L. Waters bought 1,525 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of C$64.68 per share, for a total transaction of C$98,630.90. Also, Senior Officer Dawn Elizabeth De Lima sold 50,685 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$63.27, for a total transaction of C$3,206,915.98. Over the last quarter, insiders have bought 13,287 shares of company stock worth $842,568 and have sold 145,977 shares worth $9,810,511. Company insiders own 0.03% of the company’s stock.

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.