TC Energy Corporation with ticker code (TRP) have now 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 71.56 and 39.94 with the average target price sitting at $52.22. Given that the stocks previous close was at $42.55 this indicates there is a potential upside of 22.7%. There is a 50 day moving average of $40.27 while the 200 day moving average is $44.52. The total market capitalization for the company now stands at $43,349m. Find out more information at: https://www.tcenergy.com
The potential market cap would be $53,201m based on the market consensus.
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 93,700 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. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, and Texas. Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Québec, and New Brunswick; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
The company has a dividend yield of 6.5% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 88.1, revenue per share of 15.05 and a 3.51% return on assets.
