The stock of TC Energy Corporation (TRP) has seen a -1.14% decrease in the past week, with a -10.91% drop in the past month, and a -7.97% decrease in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 1.71% for TRP. The simple moving average for the past 20 days is -6.79% for TRP’s stock, with a -4.87% simple moving average for the past 200 days.
Is It Worth Investing in TC Energy Corporation (NYSE: TRP) Right Now?
TC Energy Corporation (NYSE: TRP) has a higher price-to-earnings ratio of 17.62x compared to its average ratio. TRP has 36-month beta value of 0.79. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for TRP is 1.04B, and currently, short sellers hold a 4.40% ratio of that float. The average trading volume of TRP on April 22, 2024 was 3.05M shares.
TRP) stock’s latest price update
TC Energy Corporation (NYSE: TRP) has seen a rise in its stock price by 1.16 in relation to its previous close of 35.29. However, the company has experienced a -1.14% decline in its stock price over the last five trading sessions. Reuters reported 2024-04-17 that TC Energy on Wednesday said it does not anticipate any service interruptions as it continues to respond to the rupture of its NGTL gas pipeline in Alberta, Canada, which caused a wildfire on Tuesday.
TRP Trading at -8.48% 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 -15.98% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares sank -11.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.38% lower at present.
During the last 5 trading sessions, TRP fell by -1.14%, which changed the moving average for the period of 200-days by -10.12% in comparison to the 20-day moving average, which settled at $38.07. In addition, TC Energy Corporation saw -8.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TRP
Current profitability levels for the company are sitting at:
- 0.55 for the present operating margin
- 0.41 for the gross margin
The net margin for TC Energy Corporation stands at 0.21. The total capital return value is set at 0.07. Equity return is now at value 9.07, with 2.40 for asset returns.
Based on TC Energy Corporation (TRP), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.14. The interest coverage ratio of the stock is 2.65.
Currently, EBITDA for the company is 8.73 billion with net debt to EBITDA at 6.22. When we switch over and look at the enterprise to sales, we see a ratio of 7.97. The receivables turnover for the company is 3.18for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
To put it simply, TC Energy Corporation (TRP) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
