As of right now, TC Energy Corporation [TRP] is trading at $37.26, down -0.53%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TRP shares have gain 3.30% over the last week, with a monthly amount glided 4.55%, and seem to be holding up well over a long-time horizon.
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On 15, September 2023, TC Energy announces completion of Bruce Power’s Major Component Replacement Unit 6, On Budget and Ahead of Schedule. In a post published today on Yahoo Finance, News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce the successful commercial operation of Unit 6 – marking a major milestone in Bruce Power’s Major Component Replacement (MCR) program. This week, the nuclear power unit fully returned to service, surpassing a significant milestone in Ontario’s largest clean-energy initiative and one of Canada’s largest infrastructure projects.
From an analyst’s perspective:
TC Energy Corporation [NYSE: TRP] stock has seen the most recent analyst activity on September 08, 2023, when Wells Fargo upgraded its rating to a Equal Weight.
Through the last year, TC Energy Corporation’s stock price ranged from $33.02 to $49.51. Currently, Wall Street analysts expect the stock to reach $39.63 within the next 12 months. TC Energy Corporation [NYSE: TRP] shares were valued at $37.26 at the most recent close of the market. An investor can expect a potential return of 6.36% based on the average TRP price forecast.
Analyzing the TRP fundamentals
For TC Energy Corporation, (TRP), the latest quarter sales were 3.62 billion, which represents an 5.30% increase. In the same period, the company’s revenue per employee was $1,905,978, whereas 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 37.02 points at the first support level, and at 36.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.63, and for the 2nd resistance point, it is at 37.99.
TC Energy Corporation [TRP] reported earnings per share of $0.71 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.72/share, meaning a difference of -$0.01 and a surprise factor of -1.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.91 per share as compared to estimates of $0.86 per share, a difference of $0.05 representing a surprise of 5.80%.
Ratios To Look Out For
It is important to note that TC Energy Corporation [NYSE:TRP] has a current ratio of 0.60. Further, the Quick Ratio stands at 0.38, while the Cash Ratio is 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 53.23.