TC Energy Corporation (TRP) Stock Forecast & Predictions

TC Energy Corporation TRP: $47.65

450 1 St SW, Calgary, Alberta, Canada. | Sector: Transportation and Warehousing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.tcenergy.com/

  • Market Cap$46.61B
  • Change (52 Weeks)12.01%
  • Low (52 Weeks)$37.65
  • TC Energy Corporation (TRP) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, TC Energy Corporation (TRP) stock price is $47.65 and the 52 weeks low is $37.65, which means the TC Energy Corporation stock price is up 12.01% in the last 12 months.

    TC Energy Corporation (TRP) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that TRP Stock price might rise further, 18.75% indicating that TRP Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall TRP stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    TC Energy Corporation (TRP) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for TC Energy Corporation (TRP) is based on 25 Institutional Analyst Ratings where 64.00% are on Strong Buy, 20.00% on Moderate Buy, 16.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 25 Institutional Analysts, majority recommended TRP stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of TC Energy Corporation.

    TC Energy Corporation (TRP) Stock Price Prediction By Analysts


    HighLowAverage
    $96.84$60.18$74.54
    $74.5456.43% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for TRP set by the institutional analysts is $74.54 where High Estimate is $96.84, Median $71.4 and Low $60.18.

    The average price target for TRP by Institutional Analysts is $74.54, which is 56.43% Upside from the current price. So according to the Institutional Analysts, TRP Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    TC Energy Corporation (TRP) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 384,627 investor portfolio.

    Our algorithm has analysed 384,627 investor portfolio with TRP stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about TRP and holding their positions hoping for a further rise in the stock price and more profit.

    TC Energy Corporation (TRP) Stock Forecast Based on News Sentiment


    Neutral
    Based on 5 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of TRP consisting of positive and negative, it shows that TC Energy Corporation had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so TRP stock price most likey won't have any reaction to last weeks news coverage.

    TC Energy Corporation (TRP) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Tudor PickeringHoldInitiated
    Tudor PickeringBuyInitiated
    Raymond James FinancialOutperformUpgraded
    CitigroupUpgraded
    Tudor PickeringBuyInitiated
    RBC CapitalOutperformInitiated
    Raymond James FinancialOutperformMaintained
    CIBC World MarketsOutperformUpgraded
    Tudor PickeringBuyUpgraded
    TD SecuritiesBuyDowngraded
    BMO Capital MarketsUpgraded
    Credit SuisseOutperformMaintained
    SbankOutperformDowngraded
    Credit SuisseUpgraded
    CIBC World MarketsOutperformDowngraded
    BMO Capital MarketsDowngraded
    Bank of AmericaNeutralDowngraded
    Credit SuisseOutperformUpgraded
    Tudor PickeringHoldInitiated
    Tudor PickeringHoldInitiated
    Raymond James FinancialOutperformDowngraded
    CIBC World MarketsOutperformMaintained
    CIBC World MarketsDowngraded
    Tudor PickeringHoldDowngraded
    Bank of AmericaNeutralDowngraded
    UBSOutperformMaintained
    UBSDowngraded
    Wells FargoEqual WeightDowngraded
    Goldman SachsBuyUpgraded
    Raymond James FinancialOutperformDowngraded
    CitigroupUpgraded
    Wells FargoUpgraded
    JefferiesDowngraded
    Raymond James FinancialOutperformInitiated
    CitigroupDowngraded
    Evercore ISIOutperformInitiated
    BMO CapitalMarket PerformDowngraded
    JefferiesHoldInitiated
    National Bank FinancialOutperformUpgraded
    Wells FargoUpgraded
    UBSUpgraded
    TD SecuritiesBuyDowngraded
    Stifel NicolausUpgraded
    National Bank FinancialOutperformUpgraded
    BMO CapitalOutperformMaintained
    National Bank FinancialOutperformUpgraded
    Tudor PickeringBuyUpgraded
    Morgan StanleyEqual WeightUpgraded
    B of A SecuritiesBuyUpgraded
    National Bank FinancialSector PerformUpgraded
    RBC CapitalOutperformUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsUpgraded
    SbankUpgraded
    National Bank FinancialSector PerformUpgraded
    Tudor PickeringHoldInitiated
    Credit SuisseUpgraded
    Tudor PickeringBuyInitiated
    Wells FargoUpgraded
    SbankUpgraded
    Tudor PickeringBuyInitiated
    TD SecuritiesBuyDowngraded
    National Bank FinancialSector PerformUpgraded
    CitigroupUpgraded
    CIBC World MarketsUpgraded
    UBSUpgraded
    Credit SuisseNeutralDowngraded
    TD SecuritiesBuyUpgraded
    National Bank FinancialSector PerformUpgraded
    GMP SecuritiesDowngraded
    CIBC World MarketsUpgraded
    CitigroupBuyUpgraded
    RBC CapitalOutperformUpgraded
    RBC CapitalOutperformUpgraded
    JPMorgan ChaseUpgraded
    JPMorgan ChaseUpgraded
    National Bank FinancialSector PerformUpgraded
    TD SecuritiesDowngraded
    UBSUpgraded
    National Bank FinancialSector PerformDowngraded
    Bank of AmericaDowngraded
    CIBC World MarketsDowngraded
    CIBC World MarketsUpgraded
    CIBC World MarketsDowngraded
    Goldman SachsNeutralInitiated
    CIBC World MarketsUpgraded
    BMO Capital MarketsOutperformInitiated
    Deutsche BankBuyMaintained
    TD SecuritiesUpgraded
    RBC CapitalOutperformDowngraded
    CIBC World MarketsDowngraded
    CitigroupBuyMaintained
    CitigroupDowngraded
    Morgan StanleyOverweightMaintained
    Wells FargoMarket PerformDowngraded
    SbankOutperformDowngraded
    Morgan StanleyOverweightMaintained
    CIBC World MarketsDowngraded
    BMO Capital MarketsDowngraded
    CIBC World MarketsUpgraded
    Morgan StanleyOverweightMaintained
    BMO Capital MarketsDowngraded
    National Bank FinancialSector PerformDowngraded
    Morgan StanleyOverweightUpgraded
    CIBC World MarketsUpgraded
    CitigroupUpgraded
    JPMorgan ChaseUpgraded
    National Bank FinancialSector PerformUpgraded
    CIBC World MarketsUpgraded
    Morgan StanleyEqual-WeightMaintained
    TD SecuritiesAction List BuyUpgraded
    Morgan StanleyEqual-WeightInitiated
    TD SecuritiesBuyUpgraded
    BMO Capital MarketsOutperformReiterated
    BMO CapitalOutperformMaintained
    SbankOutperformMaintained
    CIBC World MarketsMaintained
    TD SecuritiesBuyMaintained
    SbankOutperformMaintained
    RBC CapitalOutperformMaintained
    CIBC World MarketsOutperformMaintained
    Wells FargoOutperformInitiated
    GMP SecuritiesMaintained
    TD SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    National Bank FinancialMaintained
    Credit SuisseOutperformMaintained
    TD SecuritiesBuyMaintained
    RBC CapitalOutperformMaintained
    SbankOutperformMaintained
    Bank of AmericaBuyMaintained
    TD SecuritiesBuyMaintained
    SbankOutperformMaintained
    Credit SuisseMaintained
    CIBC World MarketsMaintained
    National Bank FinancialMaintained
    BMO Capital MarketsMaintained
    BMO Capital MarketsOutperformMaintained
    RBC CapitalOutperformMaintained
    BarclaysEqual-WeightMaintained
    Credit SuisseOutperformInitiated
    First EnergyMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsOutperformMaintained
    CitigroupBuyUpgraded
    CitigroupNeutralDowngraded
    TD SecuritiesBuyMaintained
    First EnergyMaintained
    Credit SuisseMaintained
    CIBC World MarketsMaintained
    JPMorgan ChaseOverweightInitiated
    JP MorganOverweightInitiated
    CIBC World MarketsSector OutperformerUpgraded
    CIBCOutperformUpgraded
    BMO Capital MarketsOutperformMaintained
    MacquarieOutperformUpgraded
    TD SecuritiesMaintained
    CIBC World MarketsSector PerformerMaintained
    TD SecuritiesMaintained
    SbankSector PerformMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialSector PerformMaintained
    BMO Capital MarketsOutperformInitiated
    BMO CapitalOutperformInitiated
    Goldman SachsNeutralUpgraded
    TD SecuritiesBuyMaintained
    MacquarieNeutralInitiated
    TD SecuritiesBuyUpgraded
    TD SecuritiesHoldMaintained
    SbankMaintained
    Credit SuisseOutperformUpgraded
    BarclaysBuyMaintained
    CIBC World MarketsSector PerformMaintained
    National Bank FinancialSector PerformMaintained
    Goldman SachsSellDowngraded
    SbankMaintained
    RBC CapitalOutperformMaintained
    TD SecuritiesHoldDowngraded
    Credit SuisseNeutralDowngraded
    SbankSector PerformMaintained
    CitigroupBuyMaintained
    CitigroupBuyUpgraded
    First EnergyAt Market PerformMaintained
    SbankSector PerformMaintained
    TD SecuritiesBuyMaintained
    DesjardinsHoldDowngraded
    CIBC World MarketsMaintained
    Credit SuisseOutperformUpgraded
    First EnergyAt Market PerformMaintained
    SbankSector PerformMaintained
    CIBC World MarketsSector PerformMaintained
    TD SecuritiesBuyMaintained
    RBC CapitalOutperformMaintained
    BMO Capital MarketsOutperformMaintained
    National Bank FinancialMaintained
    CIBC World MarketsSector OutperformMaintained
    Canaccord GenuityBuyMaintained
    TD SecuritiesBuyUpgraded
    DesjardinsBuyUpgraded
    Canaccord GenuityBuyUpgraded
    CIBC World MarketsSector OutperformMaintained
    SbankSector OutperformMaintained
    TD SecuritiesMaintained
    Canaccord GenuityHoldMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityMaintained
    RBC CapitalOutperformMaintained
    CIBC World MarketsSector OutperformMaintained
    National Bank FinancialMaintained
    RBC CapitalOutperformMaintained
    Deutsche BankHoldMaintained
    UBSMaintained
    CIBC World MarketsMaintained
    SbankMaintained
    BMO CapitalOutperformMaintained
    Canaccord GenuityHoldMaintained
    Canaccord GenuityHoldMaintained

    TC Energy Corporation (TRP) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.983
    The average consensus EPS for TRP is $0.983 with a high estimate of $1.113 and Low of $0.882 for the period 2021-06-30 and based on 14 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.15$1.01934252020-12-31


    The latest average Earning Per Share Estimate for TC Energy Corporation is $0.98, which is lower than TRP's last EPS, $1.15. This means that Analysts are expecting TC Energy Corporation to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of TC Energy Corporation.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $1.15$1.01934252020-12-31
    $0.95$0.95082412020-09-30
    $0.92$0.93229062020-06-30
    $1.18$1.06699432020-03-31
    $1.03$1.04779422019-12-31
    $1.04$0.99150692019-09-30
    $1$0.99625392019-06-30
    $1.07$1.00057672019-03-31
    $1.03$0.97226640000000012018-12-31
    $1$0.79013309999999992018-09-30
    $0.86$0.758512018-06-30
    $0.98$0.8531472018-03-31
    $0.82$0.774672017-12-31
    $0.7$0.70531332017-09-30
    $0.76$0.69332462017-06-30
    $0.81$0.74495580000000012017-03-31
    $0.75$0.72453362016-12-31
    $0.78$0.66531732016-09-30
    $0.52$0.51176700000000012016-06-30
    $0.7$0.66884222016-03-31
    $0.64$0.61733222015-12-31
    $0.62$0.60168732015-09-30
    $0.56$0.5264122015-06-30
    $0.66$0.66201462015-03-31
    $0.72$0.62460419999999992014-12-31
    $0.63$0.61856442014-09-30
    $0.47$0.49344562014-06-30
    $0.6$0.5926682014-03-31
    $0.58$0.59553640000000012013-12-31
    $0.63$0.59327400000000012013-09-30
    $0.51$0.51734222013-06-30
    $0.52$0.53897642013-03-31
    $0.45$0.49153672012-12-31
    $0.5$0.52621000000000012012-09-30
    $0.43$0.478742012-06-30
    $0.52$0.54315782012-03-31
    $0.52$0.53713822011-12-31
    $0.59$0.57661912011-09-30
    $0.51$0.52632112011-06-30
    $0.61$0.58196200000000012011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).