TC Energy Corporation (NYSE:TRP) went up by 1.91% from its latest closing price compared to the recent 1-year high of $57.92. The company’s stock price has collected 3.67% of gains in the last five trading sessions. Press Release reported on 01/06/21 that TC Energy Launches Binding Open Season for the Keystone Pipeline System
Is It Worth Investing in TC Energy Corporation (NYSE :TRP) Right Now?
TC Energy Corporation (NYSE:TRP) scored a price-to-earnings ratio above its average ratio, recording 11.61 x from its present earnings ratio. Plus, the 36-month beta value for TRP is at 0.80. Opinions of the stock are interesting as 12 analysts out of 22 who provided ratings for TC Energy Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $53.05, which is $11.29 above the current price. TRP currently public float of 938.81M and currently shorts hold a 0.74% ratio of that float. Today, the average trading volume of TRP was 1.77M shares.
TRP’s Market Performance
TRP stocks went up by 3.67% for the week, with a monthly drop of -4.78% and a quarterly performance of -0.92%, while its annual performance rate touched -18.08%. The volatility ratio for the week stands at 2.46% while the volatility levels for the past 30 days are set at 2.38% for TC Energy Corporation. The simple moving average for the period of the last 20 days is 2.69% for TRP stocks with a simple moving average of -2.45% for the last 200 days.
Analysts’ Opinion of TRP
Goldman gave a rating of “Buy” to TRP, setting the target price at $49 in the report published on October 15th of the previous year.
TRP Trading at 1.37% from the 50-Day Moving Average
After a stumble in the market that brought TRP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.38% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares sank -2.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.53% upper at present.
During the last 5 trading sessions, TRP rose by +3.67%, which changed the moving average for the period of 200-days by +4.95% in comparison to the 20-day moving average, which settled at $42.04. In addition, TC Energy Corporation saw 6.14% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TRP
Current profitability levels for the company are sitting at:
- +42.63 for the present operating margin
- +48.22 for the gross margin
The net margin for TC Energy Corporation stands at +31.80. The total capital return value is set at 6.77, while invested capital returns managed to touch 5.61. Equity return is now at value 15.90, with 4.30 for asset returns.
Based on TC Energy Corporation (TRP), the company’s capital structure generated 163.93 points at debt to equity in total, while total debt to capital is 62.11. Total debt to assets is 50.80, with long-term debt to equity ratio resting at 161.93. Finally, the long-term debt to capital ratio is 53.42.
When we switch over and look at the enterprise to sales, we see a ratio of 9.14, with the company’s debt to enterprise value settled at 0.42. The receivables turnover for the company is 5.10 and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.