TC Energy (TSE:TRP) Price Target Raised to C$99.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective boosted by investment analysts at BMO Capital Markets from C$94.00 to C$99.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 4.42% from the company’s current price.

A number of other research analysts also recently issued reports on TRP. Royal Bank Of Canada increased their price objective on TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Scotiabank upped their price target on TC Energy from C$97.00 to C$105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 21st. National Bank Financial raised their price target on shares of TC Energy from C$92.00 to C$102.00 in a research note on Monday, June 1st. Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective on the stock. in a report on Wednesday, June 10th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$94.64.

TC Energy Price Performance

TRP stock traded down C$0.50 during trading on Friday, hitting C$94.81. The company had a trading volume of 526,104 shares, compared to its average volume of 5,005,519. The company has a fifty day moving average price of C$96.19 and a two-hundred day moving average price of C$89.13. TC Energy has a fifty-two week low of C$64.91 and a fifty-two week high of C$100.18. The company has a market cap of C$98.77 billion, a P/E ratio of 29.72, a P/E/G ratio of 1.69 and a beta of 0.69. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.96 billion for the quarter. Equities research analysts expect that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Trevor Ebl sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. 0.03% of the stock is owned by corporate insiders.

More TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: TC Energy exceeded second-quarter earnings expectations. The company reported C$0.94 in EPS and C$3.96 billion in revenue, with comparable earnings and revenue rising year over year. The results point to continued strength in its regulated pipeline and energy infrastructure operations. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects TC Energy Q2 Comparable Earnings, Revenue Rise
• Positive Sentiment: The company approved approximately $500 million in pipeline expansion projects. The investments could support future growth and improve long-term cash-flow visibility, which is particularly important for an infrastructure company with significant capital requirements. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy earnings forecasts across multiple periods. Estimates increased for Q2 and Q3 2026, Q4 2026, full-year 2026, and 2027–2028. The firm now forecasts FY2026 EPS of $3.71, FY2027 EPS of $3.89 and FY2028 EPS of $3.99, versus previous estimates of $3.50, $3.64 and $3.69, respectively. The revisions signal greater confidence in the company’s earnings trajectory.
• Neutral Sentiment: Despite the favorable news, shares traded lower. The muted market reaction suggests investors may have already anticipated a strong quarter, or may be weighing TC Energy’s relatively high leverage and valuation against its improved growth outlook. The reported current ratio of 0.65 and debt-to-equity ratio above 200 also remain considerations for income-oriented investors.

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.