The stock price of TC Energy Corporation (NYSE: TRP) has plunged by -0.65 when compared to previous closing price of 49.06, but the company has seen a -2.19% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-21 that TC Energy’s plan to sell a stake in its western Canadian gas pipeline to Indigenous communities faces delays, with the deal possibly changing from original design.
Is It Worth Investing in TC Energy Corporation (NYSE: TRP) Right Now?
TC Energy Corporation (NYSE: TRP) has a price-to-earnings ratio of 13.52x that is above its average ratio. Additionally, the 36-month beta value for TRP is 0.85. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TRP is 1.04B and currently, short sellers hold a 1.41% ratio of that float. The average trading volume of TRP on November 27, 2024 was 2.60M shares.
TRP’s Market Performance
TRP stock saw an increase of -2.19% in the past week, with a monthly gain of 4.17% and a quarterly increase of 17.70%. The volatility ratio for the week is 2.17%, and the volatility levels for the last 30 days are 1.96% for TC Energy Corporation (TRP). The simple moving average for the last 20 days is 0.34% for TRP stock, with a simple moving average of 24.77% for the last 200 days.
TRP Trading at 4.86% 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 -3.24% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.39% upper at present.
During the last 5 trading sessions, TRP fell by -2.19%, which changed the moving average for the period of 200-days by +39.69% in comparison to the 20-day moving average, which settled at $48.57. In addition, TC Energy Corporation saw 36.85% 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:
- 0.3 for the present operating margin
- 0.45 for the gross margin
The net margin for TC Energy Corporation stands at 0.32. The total capital return value is set at 0.04. 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 1.7.
Currently, EBITDA for the company is 9.37 billion with net debt to EBITDA at 5.32. When we switch over and look at the enterprise to sales, we see a ratio of 8.73. The receivables turnover for the company is 4.54for 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 seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
