TC Energy Corporation [TRP] stock is trading at $39.40, down -1.20%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TRP shares have lost -1.67% over the last week, with a monthly amount drifted -2.16%, and not seem to be holding up well over a long-time horizon.
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On 3, May 2023, TC Energy announces 2023 annual meeting Board of Directors election results. In a post published today on Yahoo Finance, News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that at its 2023 annual meeting of shareholders held on Tuesday, May 2, 2023, each of the following 13 nominees were elected as directors of TC Energy on a vote by ballot to serve until the next annual meeting of shareholders of TC Energy, or until their successors are elected or earlier appointed:.
From an analyst’s perspective:
TC Energy Corporation [TRP] stock has fluctuated between $36.79 and $59.38 over the past year. Currently, Wall Street analysts expect the stock to reach $44.65 within the next 12 months. TC Energy Corporation [NYSE: TRP] shares were valued at $39.40 at the most recent close of the market. An investor can expect a potential return of 13.32% based on the average TRP price forecast.
Analyzing the TRP fundamentals
TC Energy Corporation [NYSE:TRP] reported sales of 3.72 billion for the most recent quarter, which represents a growth of 12.20%. During this period, the public company’s revenue per employee was $1,905,978, while its income per employee was $100,040. Gross Margin for this corporation currently stands at +44.56% with Operating Margin at +38.61%, Pretax Margin comes in at +2.25%, and Net Margin reading is +5.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.68, Equity is 2.22, Total Capital is 6.13, and Invested Capital is 0.91. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 63.34 and enduring liabilities to the whole assets at 51.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.17 points at the first support level, and at 38.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.67, and for the 2nd resistance point, it is at 39.94.
TC Energy Corporation [TRP] reported earnings per share of $0.9 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.84/share, meaning a difference of $0.06 and a surprise factor of 7.10%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.83 per share as compared to estimates of $0.82 per share, a difference of $0.01 representing a surprise of 1.20%.
Ratios To Look Out For
For context, TC Energy Corporation’s Current Ratio is 0.70. In addition, the Quick Ratio stands at 0.38 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 3.77, the price to book ratio is 1.75 and the P/E (TTM) ratio is 33.11.