TC Energy (TRP) Stock Forecast, Price Target & Predictions

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TRP Stock Forecast

TC Energy stock forecast is as follows: an average price target of $51.28 (represents a 4.21% upside from TRP’s last price of $49.21) and a rating consensus of 'Buy', based on 27 wall street analysts offering a 1-year stock forecast.

TRP Price Target

The average price target for TC Energy (TRP) is $51.28 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $58.09 to $45.00. This represents a potential 4.21% upside from TRP's last price of $49.21.

TRP Analyst Ratings

Buy

According to 27 Wall Street analysts, TC Energy's rating consensus is 'Buy'. The analyst rating breakdown for TRP stock is 0 'Strong Buy' (0.00%), 14 'Buy' (51.85%), 12 'Hold' (44.44%), 1 'Sell' (3.70%), and 0 'Strong Sell' (0.00%).

TC Energy Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 05, 2024	Stewart Glickman	CFRA	$45.00	$42.09	6.90%	-8.56%
Feb 14, 2022	Robert Hope	Scotiabank	$57.29	$51.67	10.88%	16.43%
Feb 02, 2022	Jeremy Tonet	J.P. Morgan	$54.91	$50.72	8.25%	11.58%
Jan 13, 2022	Michael Lapides	Goldman Sachs	$45.00	$50.27	-10.48%	-8.56%
Dec 16, 2021	Ned Baramov	Wells Fargo	$50.13	$44.62	12.35%	1.87%
Dec 03, 2021	Robert Kad	Morgan Stanley	$58.09	$44.78	29.72%	18.04%
Nov 30, 2021	Theresa Chen	Barclays	$50.13	$45.66	9.79%	1.87%
Nov 15, 2021	Shneur Gershuni	UBS	$50.93	$48.24	5.57%	3.49%
May 10, 2021	Steve Fleishman	Wolfe Research	$50.00	$48.45	3.20%	1.61%

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The latest TC Energy stock forecast, released on Aug 05, 2024 by Stewart Glickman from CFRA, set a price target of $45.00, which represents a 6.90% increase from the stock price at the time of the forecast ($42.09), and a -8.56% decrease from TRP last price ($49.21).

TC Energy Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$45.00
Last Closing Price	$49.21	$49.21	$49.21
Upside/Downside	-100.00%	-100.00%	-8.56%

In the current month, the average price target of TC Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to TC Energy's last price of $49.21. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 22, 2024	CIBC	Neutral	Neutral	Hold
Oct 15, 2024	Barclays	Overweight	Overweight	Hold
Oct 09, 2024	Scotiabank	Outperform	Outperform	Hold
Oct 03, 2024	RBC Capital	Outperform	Outperform	Hold
Oct 01, 2024	Wells Fargo	Overweight	Overweight	Hold
Sep 30, 2024	Jefferies	Hold	Hold	Hold
Sep 30, 2024	UBS	-	Buy	Upgrade
Aug 23, 2024	National Bank	Outperform	Outperform	Hold
Aug 19, 2024	Barclays	Overweight	Overweight	Hold
Aug 05, 2024	CFRA	Hold	Hold	Hold

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TC Energy's last stock rating was published by CIBC on Oct 22, 2024. The company gave TRP a "Neutral" rating, the same as its previous rate.

TC Energy Financial Forecast

TC Energy Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.17B	$4.04B	$3.80B	$3.64B	$3.50B	$3.58B	$3.24B	$3.18B	$3.38B	$3.30B	$3.19B
Avg Forecast	$4.76B	$4.70B	$4.65B	$4.59B	$3.82B	$3.57B	$3.46B	$3.59B	$3.80B	$3.41B	$3.19B	$3.45B	$3.44B	$3.96B	$3.80B	$4.22B	$4.21B	$3.84B	$3.72B	$3.84B	$3.77B	$3.51B	$3.20B	$3.31B	$3.31B	$3.16B	$3.11B	$3.54B	$3.44B	$3.22B
High Forecast	$4.94B	$4.88B	$4.82B	$4.77B	$3.96B	$3.70B	$3.59B	$3.73B	$3.94B	$3.53B	$3.31B	$3.69B	$3.45B	$4.11B	$3.94B	$4.38B	$4.31B	$3.95B	$3.86B	$3.99B	$3.91B	$3.51B	$3.20B	$3.31B	$3.31B	$3.16B	$3.11B	$3.54B	$3.44B	$3.22B
Low Forecast	$4.60B	$4.55B	$4.49B	$4.44B	$3.69B	$3.45B	$3.35B	$3.47B	$3.67B	$3.29B	$3.08B	$3.23B	$3.42B	$3.83B	$3.68B	$4.08B	$4.11B	$3.73B	$3.60B	$3.72B	$3.64B	$3.51B	$3.20B	$3.31B	$3.31B	$3.16B	$3.11B	$3.54B	$3.44B	$3.22B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	15
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.56%	1.07%	1.08%	1.14%	1.06%	1.08%	1.02%	1.02%	0.96%	0.96%	0.99%

TC Energy's average Quarter revenue forecast for Jun 23 based on 1 analysts is $3.72B, with a low forecast of $3.60B, and a high forecast of $3.86B. TRP's average Quarter revenue forecast represents a 71.59% increase compared to the company's last Quarter revenue of $2.17B (Mar 23).

TC Energy EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	15
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.21B	$2.65B	$2.44B	$2.33B	$2.43B	$2.67B	$2.15B	$2.38B	$-244.00M	$2.42B	$2.37B
Avg Forecast	$2.99B	$2.95B	$2.92B	$2.89B	$2.40B	$2.24B	$2.17B	$2.26B	$2.38B	$2.14B	$2.00B	$2.17B	$2.16B	$2.49B	$2.39B	$2.34B	$2.64B	$2.41B	$2.34B	$2.13B	$2.94B	$2.39B	$2.18B	$1.93B	$2.26B	$2.16B	$2.12B	$-228.33M	$2.35B	$2.20B
High Forecast	$3.10B	$3.06B	$3.03B	$2.99B	$2.49B	$2.33B	$2.25B	$2.34B	$2.47B	$2.22B	$2.08B	$2.32B	$2.17B	$2.58B	$2.48B	$2.81B	$2.71B	$2.48B	$2.43B	$2.55B	$3.53B	$2.39B	$2.18B	$2.32B	$2.26B	$2.16B	$2.12B	$-182.66M	$2.35B	$2.20B
Low Forecast	$2.89B	$2.86B	$2.82B	$2.79B	$2.32B	$2.17B	$2.10B	$2.18B	$2.30B	$2.07B	$1.94B	$2.03B	$2.15B	$2.40B	$2.31B	$1.87B	$2.58B	$2.34B	$2.26B	$1.70B	$2.35B	$2.39B	$2.18B	$1.55B	$2.26B	$2.16B	$2.12B	$-274.00M	$2.35B	$2.20B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04%	0.90%	1.02%	1.07%	1.26%	1.18%	1.00%	1.12%	1.07%	1.03%	1.08%

1 analysts predict TRP's average Quarter EBITDA for Jun 23 to be $2.34B, with a high of $2.43B and a low of $2.26B. This is 5.72% upper than TC Energy's previous annual EBITDA (Mar 23) of $2.21B.

TC Energy Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	15
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.34B	$-1.42B	$862.00M	$922.00M	$389.00M	$1.16B	$810.00M	$1.01B	$-1.02B	$1.16B	$943.00M
Avg Forecast	$1.24B	$1.01B	$949.57M	$1.20B	$1.18B	$997.14M	$909.38M	$1.15B	$1.11B	$841.11M	$782.48M	$1.01B	$946.66M	$999.51M	$851.12M	$474.86M	$1.04B	$916.78M	$897.42M	$431.69M	$1.26B	$920.73M	$923.62M	$392.44M	$1.00B	$940.72M	$903.92M	$-953.56M	$947.94M	$885.39M
High Forecast	$1.30B	$1.06B	$995.77M	$1.26B	$1.24B	$1.05B	$953.61M	$1.20B	$1.16B	$882.03M	$820.55M	$1.09B	$1.11B	$1.00B	$888.57M	$569.83M	$1.13B	$955.52M	$941.08M	$518.02M	$1.52B	$920.73M	$923.62M	$470.93M	$1.00B	$940.72M	$903.92M	$-762.85M	$947.94M	$885.39M
Low Forecast	$1.19B	$968.87M	$908.79M	$1.15B	$1.13B	$954.31M	$870.32M	$1.10B	$1.06B	$804.99M	$748.87M	$871.65M	$850.62M	$997.48M	$813.67M	$379.88M	$986.86M	$800.57M	$858.87M	$345.35M	$1.01B	$920.73M	$923.62M	$313.95M	$1.00B	$940.72M	$903.92M	$-1.14B	$947.94M	$885.39M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.09%	-1.12%	0.94%	1.00%	0.99%	1.15%	0.86%	1.12%	1.07%	1.23%	1.07%

TC Energy's average Quarter net income forecast for Jun 23 is $897.42M, with a range of $858.87M to $941.08M. TRP's average Quarter net income forecast represents a -32.83% decrease compared to the company's last Quarter net income of $1.34B (Mar 23).

TC Energy SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	15
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	$27.74M	$27.41M	$27.09M	$26.77M	$22.27M	$20.81M	$20.17M	$20.94M	$22.12M	$19.86M	$18.59M	$20.11M	$20.03M	$23.08M	$22.16M	$24.60M	$24.54M	$22.39M	$21.70M	$22.40M	$21.97M	$20.74M	$18.90M	$19.60M	$19.59M	$18.70M	$18.38M	$20.93M	$20.37M	$19.03M
High Forecast	$28.78M	$28.44M	$28.11M	$27.78M	$23.10M	$21.59M	$20.93M	$21.72M	$22.95M	$20.60M	$19.29M	$21.49M	$20.11M	$23.94M	$22.99M	$25.52M	$25.13M	$23.04M	$22.51M	$23.24M	$22.79M	$20.74M	$18.90M	$19.60M	$19.59M	$18.70M	$18.38M	$20.93M	$20.37M	$19.03M
Low Forecast	$26.82M	$26.51M	$26.20M	$25.89M	$21.53M	$20.13M	$19.51M	$20.24M	$21.39M	$19.20M	$17.98M	$18.80M	$19.95M	$22.31M	$21.43M	$23.79M	$23.95M	$21.75M	$20.98M	$21.66M	$21.24M	$20.74M	$18.90M	$19.60M	$19.59M	$18.70M	$18.38M	$20.93M	$20.37M	$19.03M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

TC Energy's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to TRP last annual SG&A of $NaN (undefined).

TC Energy EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	15
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.29	$-1.39	$0.84	$0.90	$0.36	$1.18	$0.80	$1.00	$-1.11	$1.20	$0.96
Avg Forecast	$1.20	$0.98	$0.92	$1.16	$1.14	$0.96	$0.88	$1.11	$1.07	$0.81	$0.75	$0.97	$0.91	$0.96	$0.82	$1.05	$1.00	$0.88	$0.87	$1.06	$0.99	$0.89	$0.89	$1.01	$0.97	$0.91	$0.87	$1.00	$0.91	$0.85
High Forecast	$1.26	$1.02	$0.96	$1.22	$1.19	$1.01	$0.92	$1.16	$1.12	$0.85	$0.79	$1.05	$1.07	$0.97	$0.86	$1.10	$1.09	$0.92	$0.91	$1.12	$1.04	$0.89	$0.89	$1.01	$0.97	$0.91	$0.87	$1.00	$0.91	$0.85
Low Forecast	$1.15	$0.93	$0.88	$1.11	$1.09	$0.92	$0.84	$1.06	$1.02	$0.78	$0.72	$0.84	$0.82	$0.96	$0.78	$1.00	$0.95	$0.77	$0.83	$1.02	$0.95	$0.89	$0.89	$1.01	$0.97	$0.91	$0.87	$1.00	$0.91	$0.85
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.21%	-1.40%	0.95%	1.01%	0.36%	1.22%	0.88%	1.15%	-1.11%	1.31%	1.12%

According to 1 Wall Street analysts, TC Energy's projected average Quarter EPS for Jun 23 is $0.87, with a low estimate of $0.83 and a high estimate of $0.91. This represents a -32.91% decrease compared to TRP previous annual EPS of $1.29 (Mar 23).

TC Energy Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
TRP	TC Energy	$49.21	$51.28	4.21%	Buy
ENB	Enbridge	$42.79	$44.17	3.23%	Hold
EPD	Enterprise Products Partners	$31.79	$31.36	-1.35%	Buy
ET	Energy Transfer LP	$18.28	$16.40	-10.28%	Buy
MPLX	MPLX LP	$47.58	$39.09	-17.84%	Buy
KMI	Kinder Morgan	$28.00	$22.30	-20.36%	Buy
OKE	ONEOK	$113.16	$83.14	-26.53%	Buy
WMB	Williams Companies	$58.70	$41.72	-28.93%	Buy

TRP Forecast FAQ

Is TC Energy a good buy?

Yes, according to 27 Wall Street analysts, TC Energy (TRP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 51.85% of TRP's total ratings.

What is TRP's price target?

TC Energy (TRP) average price target is $51.28 with a range of $45 to $58.09, implying a 4.21% from its last price of $49.21. The data is based on 27 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will TC Energy stock go up soon?

According to Wall Street analysts' prediction for TRP stock, the company can go up by 4.21% (from the last price of $49.21 to the average price target of $51.28), up by 18.04% based on the highest stock price target, and down by -8.56% based on the lowest stock price target.

Can TC Energy stock reach $70?

TRP's average twelve months analyst stock price target of $51.28 does not support the claim that TC Energy can reach $70 in the near future.

What are TC Energy's analysts' financial forecasts?

TC Energy's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $14.45B (high $14.99B, low $13.97B), average EBITDA is $9.07B (high $9.41B, low $8.77B), average net income is $4.23B (high $4.44B, low $4.05B), average SG&A $84.19M (high $87.34M, low $81.41M), and average EPS is $4.08 (high $4.28, low $3.91). TRP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $18.71B (high $19.41B, low $18.09B), average EBITDA is $11.75B (high $12.19B, low $11.36B), average net income is $4.41B (high $4.62B, low $4.22B), average SG&A $109.02M (high $113.1M, low $105.42M), and average EPS is $4.25 (high $4.46, low $4.07).

Did the TRP's actual financial results beat the analysts' financial forecasts?

Based on TC Energy's last annual report (Dec 2022), the company's revenue was $14.98B, beating the average analysts forecast of $13.79B by 8.64%. Apple's EBITDA was $9.86B, beating the average prediction of $9.45B by 4.39%. The company's net income was $748M, missing the average estimation of $3.5B by -78.64%. Apple's SG&A was $0, missing the average forecast of $81.21M by -100.00%. Lastly, the company's EPS was $0.64, missing the average prediction of $3.78 by -83.08%. In terms of the last quarterly report (Mar 2023), TC Energy's revenue was $2.17B, missing the average analysts' forecast of $3.84B by -43.55%. The company's EBITDA was $2.21B, beating the average prediction of $2.13B by 3.92%. TC Energy's net income was $1.34B, beating the average estimation of $431.69M by 209.48%. The company's SG&A was $0, missing the average forecast of $22.4M by -100.00%. Lastly, the company's EPS was $1.29, beating the average prediction of $1.06 by 21.17%