TC Energy Corporation – Consensus indicates 2.8% upside potential

TC Energy Corporation with ticker code (TRP) now have 9 analysts covering the stock with the consensus suggesting a ‘Hold’ rating. The range between the target price high and the target price low lies between 73.08 and 41.05 and has an average objective at 58.7. Now, with the previous closing price of 57.08, this indicates that there is 2.8% upside potential. The 50-day MA is 56.47 while the 200-day moving average is 51.59. The market cap of the company is $56,522 million. Visit the company’s website at: https://www.tcenergy.com

The potential market capitalization would be $58,127 million based on market consensus.

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TC Energy Corporation is an energy infrastructure company in North America. It operates through five segments: Canadian Gas Pipelines; American gas pipelines; Mexican gas pipelines; Liquid pipelines; and power and storage. The company builds and operates a 93,300 km pipeline network, which transports natural gas from supply basins to local distribution companies, power plants, industrial facilities, interconnecting pipelines, export terminals LNG and other companies. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has an approximately 4,900 km liquids pipeline network that connects crude oil supplies from Alberta to refining markets in Illinois, Oklahoma, Texas and the U.S. gulf. In addition, the Company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,300 megawatts that are fueled by natural gas and nuclear fuel sources located in Alberta, Ontario, Quebec and New Brunswick; and owns and operates approximately 118 billion cubic feet of unregulated natural gas storage capacity in Alberta. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

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