TC Energy Corporation (NYSE:TRP) went down by -2.84% from its latest closing price compared to the recent 1-year high of $59.38. The company’s stock price has collected -6.63% of loss in the last five trading sessions. The Wall Street Journal reported on 06/09/21 that What Is the Keystone XL Pipeline and Why Did the Developer Abandon It?
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 19.77 x from its present earnings ratio. Plus, the 36-month beta value for TRP is at 0.74. Opinions of the stock are interesting as 5 analysts out of 22 who provided ratings for TC Energy Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 13 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $54.85, which is $6.77 above the current price. TRP currently public float of 976.98M and currently shorts hold a 1.00% ratio of that float. Today, the average trading volume of TRP was 1.73M shares.
TRP’s Market Performance
TRP stocks went down by -6.63% for the week, with a monthly drop of -2.59% and a quarterly performance of -3.27%, while its annual performance rate touched 6.09%. The volatility ratio for the week stands at 2.47% while the volatility levels for the past 30 days are set at 2.26% for TC Energy Corporation. The simple moving average for the period of the last 20 days is -2.25% for TRP stocks with a simple moving average of -2.77% for the last 200 days.
Analysts’ Opinion of TRP
Wolfe Research gave a rating of “Underperform” to TRP, setting the target price at $57 in the report published on April 11th of the current year.
TRP Trading at -5.34% 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 -13.69% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -0.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.25% lower at present.
During the last 5 trading sessions, TRP fell by -6.63%, which changed the moving average for the period of 200-days by -2.49% in comparison to the 20-day moving average, which settled at $52.43. In addition, TC Energy Corporation saw 10.12% 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:
- +43.05 for the present operating margin
- +48.94 for the gross margin
The net margin for TC Energy Corporation stands at +14.88. Equity return is now at value 10.60, with 3.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.