TC Energy (TSE:TRP) Sets New 52-Week Low – Should You Sell?

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$65.50, with a volume of 810472 shares traded. The stock had previously closed at C$64.75.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRP. National Bankshares lifted their price target on TC Energy from C$70.00 to C$71.00 in a research note on Wednesday, November 20th. CIBC increased their target price on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a report on Thursday, January 9th. BMO Capital Markets boosted their price target on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. TD Securities set a C$73.00 target price on TC Energy and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price target on TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$73.25.

TC Energy Stock Performance

The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The company’s 50 day moving average is C$66.55 and its 200-day moving average is C$65.20. The company has a market capitalization of C$67.04 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Insider Buying and Selling at TC Energy

In related news, Director Gregory Romero purchased 1,600 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of C$43.95 per share, with a total value of C$70,319.84. Also, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Over the last quarter, insiders acquired 15,940 shares of company stock valued at $1,007,506 and sold 323,620 shares valued at $21,335,744. 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.