Tc Energy Corp Stock Today

TRP Stock  CAD 54.52  0.03  0.06%   

Performance

8 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 3

 
100  
 
Zero
Very Low
TC Energy is selling at 54.52 as of the 18th of March 2024; that is 0.06 percent increase since the beginning of the trading day. The stock's open price was 54.49. TC Energy has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for TC Energy Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2022 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain
Energy
TC Energy Corporation operates as an energy infrastructure company in North America. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada. TC ENERGY operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. The company has 1.04 B outstanding shares of which 44.11 M shares are at this time shorted by private and institutional investors with about 12.32 days to cover all short positions. More on TC Energy Corp

Moving together with TRP Stock

  0.64OBE Obsidian EnergyPairCorr
  0.62CVE Cenovus EnergyPairCorr
  0.63ERF EnerplusPairCorr
  0.75WCP Whitecap ResourcesPairCorr

TRP Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. TC Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding TC Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, TC Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TC Energy's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEORussell Girling
Thematic IdeaInvestor Favorites (View all Themes)
Business ConcentrationOil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, Investor Favorites, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors)
Excise Tax ActivitiesNuclear
TC Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to TC Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand TC Energy's financial leverage. It provides some insight into what part of TC Energy's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on TC Energy's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how TC Energy deploys its capital and how much of that capital is borrowed.
Liquidity
TC Energy cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 2.94 B in total debt with debt to equity ratio (D/E) of 1.45, which is about average as compared to similar companies. TC Energy Corp has a current ratio of 0.5, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist TC Energy until it has trouble settling it off, either with new capital or with free cash flow. So, TC Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like TC Energy Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TRP to invest in growth at high rates of return. When we think about TC Energy's use of debt, we should always consider it together with cash and equity.

Other Cashflows From Financing Activities

4.25 Billion
TC Energy Corp (TRP) is traded on Toronto Exchange in Canada and employs 7,000 people. TC Energy is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 56.53 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate TC Energy's market, we take the total number of its shares issued and multiply it by TC Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. TC Energy Corp operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 1.04 B outstanding shares of which 44.11 M shares are at this time shorted by private and institutional investors with about 12.32 days to cover all short positions. TC Energy Corp has accumulated about 620 M in cash with 7.43 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.59.
Check TC Energy Probability Of Bankruptcy
Ownership Allocation
TC Energy Corp secures a total of 1.04 Billion outstanding shares. The majority of TC Energy Corp outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to take positions in TC Energy Corp to benefit from reduced commissions. Hence, outside corporations are subject to a different set of regulations than regular investors in TC Energy Corp. Please pay attention to any change in the institutional holdings of TC Energy as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company retains, if the real value of the entity is less than the current market value, you may not be able to make money on it.
Check TRP Ownership Details

TRP Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of TC Energy jumping above the current price in 90 days from now is about 6.25%. The TC Energy Corp probability density function shows the probability of TC Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon TC Energy Corp has a beta of -0.3931. This usually implies as returns on benchmark increase, returns on holding TC Energy are expected to decrease at a much lower rate. During the bear market, however, TC Energy Corp is likely to outperform the market. Additionally, the company has an alpha of 0.1371, implying that it can generate a 0.14 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 54.52HorizonTargetOdds Above 54.52
93.59%90 days
 54.52 
6.25%
Based on a normal probability distribution, the odds of TC Energy to move above the current price in 90 days from now is about 6.25 (This TC Energy Corp probability density function shows the probability of TRP Stock to fall within a particular range of prices over 90 days) .

TC Energy Historical Income Statement

TC Energy Corp Income Statement is one of the three primary financial statements used for reporting TRP's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of TC Energy Corp revenue and expense. TC Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, TC Energy's Interest Expense is very stable compared to the past year. As of the 18th of March 2024, EBITDA is likely to grow to about 11.9 B, while Total Revenue is likely to drop about 9.8 B. View More Fundamentals

TRP Stock Against Markets

Picking the right benchmark for TC Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in TC Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for TC Energy is critical whether you are bullish or bearish towards TC Energy Corp at a given time. Please also check how TC Energy's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in TC Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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TC Energy Corporate Directors

TC Energy corporate directors refer to members of a TC Energy board of directors. The board of directors generally takes responsibility for the TC Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of TC Energy's board members must vote for the resolution. The TC Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Derek BurneyIndependent DirectorProfile
John LoweIndependent DirectorProfile
Randy LimbacherIndependent DirectorProfile
Paula ReynoldsIndependent DirectorProfile

How to buy TRP Stock?

Before investing in TC Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in TC Energy. To buy TC Energy stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of TC Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase TC Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located TC Energy Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased TC Energy Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as TC Energy Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy TRP Stock please use our How to Invest in TC Energy guide.

Already Invested in TC Energy Corp?

The danger of trading TC Energy Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of TC Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than TC Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TC Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether TC Energy Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if TRP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tc Energy Corp Stock. Highlighted below are key reports to facilitate an investment decision about Tc Energy Corp Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TC Energy Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for TRP Stock analysis

When running TC Energy's price analysis, check to measure TC Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TC Energy is operating at the current time. Most of TC Energy's value examination focuses on studying past and present price action to predict the probability of TC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TC Energy's price. Additionally, you may evaluate how the addition of TC Energy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between TC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if TC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TC Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.