Stock of the Day

TC Energy (TRP)

$51.28

-$0.09 (-0.2%)

Market Cap: $53.43B

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions.

The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, Texas, and the United States Gulf Coast. Further, the company owns or has interests in power generation facilities with approximately 4,600 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.

TC Energy Bull Case

Here are some ways that investors could benefit from investing in TC Energy Co.:

• The current stock price is around $50, which may present a buying opportunity for investors looking for value in the energy sector.
• TC Energy Co. has a strong market capitalization of approximately $52 billion, indicating a solid position in the energy infrastructure market.
• The company reported a net margin of 29.40%, showcasing its ability to maintain profitability despite market fluctuations.
• Recent upgrades from multiple research firms, including a "strong-buy" rating, suggest positive sentiment and potential for stock appreciation.
• With a dividend yield of about 4.91%, TC Energy Co. offers attractive income potential for investors seeking regular returns.

TC Energy Bear Case

Investors should be bearish about investing in TC Energy Co. for these reasons:

• The company recently missed earnings expectations, reporting $0.66 EPS compared to the consensus estimate of $0.70, which may raise concerns about its financial performance.
• TC Energy Co. has a relatively high debt-to-equity ratio of 1.56, indicating a significant reliance on debt financing, which can be risky in volatile markets.
• Analysts have lowered earnings estimates for upcoming quarters, reflecting potential challenges in meeting growth expectations.
• The current ratio of 0.55 suggests that the company may face liquidity issues, as it has less current assets than current liabilities.
• Recent fluctuations in trading volume may indicate uncertainty among investors regarding the stock's future performance.

Recent News

• 4 High-Yield Pipeline Companies To Buy Now (247wallst.com)
• Canadian regulator says Prince Rupert Gas Transmission pipeline project has started (msn.com)
• TC Energy Corp. stock falls Wednesday, still outperforms market (marketwatch.com)
• TC Energy provides conversion right and dividend rate notice for Series 3 and 4 preferred shares (finance.yahoo.com)
• TC Energy provides conversion right and dividend rate notice for Series 3 and 4 preferred shares (globenewswire.com)