The stock of TC Energy Corporation (TRP) has seen a 2.73% increase in the past week, with a 4.88% gain in the past month, and a 23.48% flourish in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are at 1.85% for TRP. The simple moving average for the last 20 days is 3.64% for TRP stock, with a simple moving average of 28.39% for the last 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 13.78x compared to its average ratio, The 36-month beta value for TRP is at 0.85. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for TRP is 1.04B, and currently, shorts hold a 1.41% of that float. The average trading volume for TRP on November 19, 2024 was 2.59M shares.
TRP) stock’s latest price update
TC Energy Corporation (NYSE: TRP)’s stock price has decreased by -0.46 compared to its previous closing price of 49.90. However, the company has seen a 2.73% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-19 that CALGARY, Alberta, Nov. 19, 2024 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will host its Investor Day today. The event will outline TC Energy’s strategic vision and growth outlook, highlighting the Company’s position as a leading North American energy infrastructure company. François Poirier, TC Energy’s President and Chief Executive Officer commented, “With natural gas and electricity projected to drive 75 per cent of the growth in final energy consumption through 2035, TC Energy’s portfolio of natural gas and power assets strategically align with the vast opportunity we are seeing across our North American footprint.” He continued, “by focusing on safety, operational excellence, disciplined capital allocation, and maximizing the value of our assets, TC Energy will continue to deliver solid growth, low risk and repeatable performance.”
TRP Trading at 8.56% 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 -1.09% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +4.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.02% upper at present.
During the last 5 trading sessions, TRP rose by +2.66%, which changed the moving average for the period of 200-days by +43.65% in comparison to the 20-day moving average, which settled at $47.92. In addition, TC Energy Corporation saw 39.46% 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:
- 0.36 for the present operating margin
- 0.46 for the gross margin
The net margin for TC Energy Corporation stands at 0.32. The total capital return value is set at 0.05. Equity return is now at value 16.07, with 3.99 for asset returns.
Based on TC Energy Corporation (TRP), the company’s capital structure generated 0.7 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 2.38. The interest coverage ratio of the stock is 2.03.
Currently, EBITDA for the company is 9.6 billion with net debt to EBITDA at 5.73. When we switch over and look at the enterprise to sales, we see a ratio of 8.68. The receivables turnover for the company is 4.59for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, TC Energy Corporation (TRP) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
