TC Energy (TRP) Stock Forecast, Price Target & Predictions
TRP Stock Forecast
TC Energy stock forecast is as follows: an average price target of $51.28 (represents a 9.29% upside from TRP’s last price of $46.92) 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 9.29% upside from TRP's last price of $46.92.
TRP Analyst Ratings
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% | -4.09% |
| Feb 14, 2022 | Robert Hope | Scotiabank | $57.29 | $51.67 | 10.88% | 22.11% |
| Feb 02, 2022 | Jeremy Tonet | J.P. Morgan | $54.91 | $50.72 | 8.25% | 17.02% |
| Jan 13, 2022 | Michael Lapides | Goldman Sachs | $45.00 | $50.27 | -10.48% | -4.09% |
| Dec 16, 2021 | Ned Baramov | Wells Fargo | $50.13 | $44.62 | 12.35% | 6.85% |
| Dec 03, 2021 | Robert Kad | Morgan Stanley | $58.09 | $44.78 | 29.72% | 23.81% |
| Nov 30, 2021 | Theresa Chen | Barclays | $50.13 | $45.66 | 9.79% | 6.85% |
| Nov 15, 2021 | Shneur Gershuni | UBS | $50.93 | $48.24 | 5.57% | 8.54% |
| May 10, 2021 | Steve Fleishman | Wolfe Research | $50.00 | $48.45 | 3.20% | 6.56% |
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 -4.09% decrease from TRP last price ($46.92).
TC Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $45.00 | $45.00 |
| Last Closing Price | $46.92 | $46.92 | $46.92 |
| Upside/Downside | -100.00% | -4.09% | -4.09% |
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 $46.92. This month's average price target is down -100.00% 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 |
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 | $4.39B | $4.35B | $4.32B | $4.28B | $4.44B | $4.15B | $4.11B | $4.27B | $4.50B | $4.07B | $3.93B | $4.10B | $4.14B | $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 | $4.39B | $4.35B | $4.32B | $4.28B | $4.44B | $4.15B | $4.11B | $4.27B | $4.50B | $4.07B | $3.93B | $4.10B | $4.14B | $3.96B | $3.80B | $4.22B | $4.31B | $3.95B | $3.72B | $3.84B | $3.77B | $3.51B | $3.20B | $3.31B | $3.31B | $3.16B | $3.11B | $3.54B | $3.44B | $3.22B |
| Low Forecast | $4.39B | $4.35B | $4.32B | $4.28B | $4.44B | $4.15B | $4.11B | $4.27B | $4.50B | $4.07B | $3.93B | $4.10B | $4.14B | $3.95B | $3.80B | $4.22B | $4.11B | $3.73B | $3.72B | $3.84B | $3.77B | $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 | 1 | 1 | 2 | 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 $3.72B, and a high forecast of $3.72B. 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 | 1 | 1 | 2 | 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 | $2.97B | $2.95B | $2.92B | $3.03B | $2.83B | $2.80B | $2.91B | $3.07B | $2.78B | $2.68B | $2.80B | $2.82B | $2.70B | $2.59B | $2.34B | $2.87B | $2.62B | $2.54B | $2.13B | $2.94B | $2.39B | $2.18B | $1.93B | $2.26B | $2.16B | $2.12B | $-228.33M | $2.35B | $2.20B |
| High Forecast | $2.99B | $2.97B | $2.95B | $2.92B | $3.03B | $2.83B | $2.80B | $2.91B | $3.07B | $2.78B | $2.68B | $2.80B | $2.82B | $2.70B | $2.59B | $2.81B | $2.94B | $2.70B | $2.54B | $2.55B | $3.53B | $2.39B | $2.18B | $2.32B | $2.26B | $2.16B | $2.12B | $-182.66M | $2.35B | $2.20B |
| Low Forecast | $2.99B | $2.97B | $2.95B | $2.92B | $3.03B | $2.83B | $2.80B | $2.91B | $3.07B | $2.78B | $2.68B | $2.80B | $2.82B | $2.69B | $2.59B | $1.87B | $2.80B | $2.55B | $2.54B | $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 $2.54B, with a high of $2.54B and a low of $2.54B. This is 14.82% 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 | 1 | 1 | 2 | 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 | $1.02B | $943.64M | $1.20B | $1.24B | $1.06B | $991.55M | $1.26B | $1.17B | $903.56M | $846.48M | $1.09B | $977.98M | $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 | $1.24B | $1.02B | $943.64M | $1.20B | $1.24B | $1.06B | $991.55M | $1.26B | $1.17B | $903.56M | $846.48M | $1.09B | $977.98M | $1.10B | $888.57M | $569.83M | $1.13B | $955.52M | $897.42M | $518.02M | $1.52B | $920.73M | $923.62M | $470.93M | $1.00B | $940.72M | $903.92M | $-762.85M | $947.94M | $885.39M |
| Low Forecast | $1.24B | $1.02B | $943.64M | $1.20B | $1.24B | $1.06B | $991.55M | $1.26B | $1.17B | $903.56M | $846.48M | $1.09B | $977.98M | $913.85M | $813.67M | $379.88M | $986.86M | $800.57M | $897.42M | $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 $897.42M to $897.42M. 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 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $25.97M | $25.75M | $25.54M | $25.34M | $26.27M | $24.53M | $24.28M | $25.23M | $26.61M | $24.07M | $23.23M | $24.24M | $24.47M | $23.42M | $22.49M | $24.96M | $24.90M | $22.72M | $22.02M | $22.74M | $22.29M | $20.74M | $18.90M | $19.60M | $19.59M | $18.70M | $18.38M | $20.93M | $20.37M | $19.03M |
| High Forecast | $25.97M | $25.75M | $25.54M | $25.34M | $26.27M | $24.53M | $24.28M | $25.23M | $26.61M | $24.07M | $23.23M | $24.24M | $24.47M | $23.42M | $22.49M | $24.96M | $25.50M | $23.38M | $22.02M | $22.74M | $22.29M | $20.74M | $18.90M | $19.60M | $19.59M | $18.70M | $18.38M | $20.93M | $20.37M | $19.03M |
| Low Forecast | $25.97M | $25.75M | $25.54M | $25.34M | $26.27M | $24.53M | $24.28M | $25.23M | $26.61M | $24.07M | $23.23M | $24.24M | $24.47M | $23.33M | $22.49M | $24.96M | $24.31M | $22.07M | $22.02M | $22.74M | $22.29M | $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 | 1 | 1 | 2 | 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 | $1.19 | $0.98 | $0.91 | $1.16 | $1.20 | $1.02 | $0.96 | $1.21 | $1.13 | $0.87 | $0.82 | $1.05 | $0.94 | $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 | $1.19 | $0.98 | $0.91 | $1.16 | $1.20 | $1.02 | $0.96 | $1.21 | $1.13 | $0.87 | $0.82 | $1.05 | $0.94 | $1.06 | $0.86 | $1.10 | $1.09 | $0.92 | $0.87 | $1.06 | $0.99 | $0.89 | $0.89 | $1.01 | $0.97 | $0.91 | $0.87 | $1.00 | $0.91 | $0.85 |
| Low Forecast | $1.19 | $0.98 | $0.91 | $1.16 | $1.20 | $1.02 | $0.96 | $1.21 | $1.13 | $0.87 | $0.82 | $1.05 | $0.94 | $0.88 | $0.78 | $1.00 | $0.95 | $0.77 | $0.87 | $1.06 | $0.99 | $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 $0.87 and a high estimate of $0.87. 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 | $46.92 | $51.28 | 9.29% | Buy |
| ENB | Enbridge | $40.83 | $44.17 | 8.18% | Hold |
| EPD | Enterprise Products Partners | $29.13 | $31.36 | 7.66% | Buy |
| ET | Energy Transfer LP | $16.51 | $16.40 | -0.67% | Buy |
| KMI | Kinder Morgan | $24.49 | $22.30 | -8.94% | Buy |
| MPLX | MPLX LP | $44.32 | $39.09 | -11.80% | Buy |
| OKE | ONEOK | $95.64 | $83.14 | -13.07% | Buy |
| WMB | Williams Companies | $52.14 | $40.83 | -21.69% | 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 9.29% from its last price of $46.92. 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 9.29% (from the last price of $46.92 to the average price target of $51.28), up by 23.81% based on the highest stock price target, and down by -4.09% 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 $16.96B (high $16.96B, low $16.96B), average EBITDA is $11.57B (high $11.57B, low $11.57B), average net income is $4.55B (high $4.55B, low $4.55B), average SG&A $100.31M (high $100.31M, low $100.31M), and average EPS is $4.39 (high $4.39, low $4.39). TRP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $17.35B (high $17.35B, low $17.35B), average EBITDA is $11.83B (high $11.83B, low $11.83B), average net income is $4.39B (high $4.39B, low $4.39B), average SG&A $102.6M (high $102.6M, low $102.6M), and average EPS is $4.24 (high $4.24, low $4.24).
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 $81.54M 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 $22.74M by -100.00%. Lastly, the company's EPS was $1.29, beating the average prediction of $1.06 by 21.17%