TC Energy Corporation (NYSE: TRP) on Tuesday, soared 1.11% from the previous trading day, before settling in for the closing price of $46.92. Within the past 52 weeks, TRP’s price has moved between $31.84 and $48.25.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 1.77%. The company achieved an average annual earnings per share of -2.86%. With a float of $1.04 billion, this company’s outstanding shares have now reached $1.04 billion.
Considering the fact that the conglomerate employs 7415 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 45.29%, operating margin of 41.87%, and the pretax margin is 30.4%.
TC Energy Corporation (TRP) Insider Activity
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of TC Energy Corporation is 0.09%, while institutional ownership is 76.83%.
TC Energy Corporation (TRP) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -2.86% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -2.00% during the next five years compared to -7.63% drop over the previous five years of trading.
TC Energy Corporation (NYSE: TRP) Trading Performance Indicators
TC Energy Corporation (TRP) is currently performing well based on its current performance indicators. A quick ratio of 0.68 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.92. Likewise, its price to free cash flow for the trailing twelve months is 231.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.43, a number that is poised to hit 0.70 in the next quarter and is forecasted to reach 2.78 in one year’s time.
Technical Analysis of TC Energy Corporation (TRP)
Compared to the last year’s volume of 3.13 million, its volume of 1.42 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 54.10%. Additionally, its Average True Range was 0.80.
During the past 100 days, TC Energy Corporation’s (TRP) raw stochastic average was set at 94.41%, which indicates a significant increase from 64.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.87% in the past 14 days, which was lower than the 17.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.36, while its 200-day Moving Average is $38.00. Nevertheless, the first resistance level for the watch stands at $47.71 in the near term. At $47.98, the stock is likely to face the second major resistance level. The third major resistance level sits at $48.42. If the price goes on to break the first support level at $47.00, it is likely to go to the next support level at $46.56. Should the price break the second support level, the third support level stands at $46.29.
TC Energy Corporation (NYSE: TRP) Key Stats
Market capitalization of the company is 68.40 billion based on 1,037,851K outstanding shares. Right now, sales total 11,804 M and income totals 2,165 M. The company made 2,985 M in profit during its latest quarter, and 723,390 K in sales during its previous quarter.
