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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 $45.00 (represents a -1.73% downside from TRP’s last price of $45.79) 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 $45.00 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $45.00. This represents a potential -1.73% downside from TRP's last price of $45.79.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 05, 2024Stewart GlickmanCFRA$45.00$42.096.90%-1.73%
Feb 14, 2022Robert HopeScotiabank$57.29$51.6710.88%25.12%
Feb 02, 2022Jeremy TonetJ.P. Morgan$54.91$50.728.25%19.91%
Jan 13, 2022Michael LapidesGoldman Sachs$45.00$50.27-10.48%-1.73%
Dec 16, 2021Ned BaramovWells Fargo$50.13$44.6212.35%9.48%
Dec 03, 2021Robert KadMorgan Stanley$58.09$44.7829.72%26.86%
Nov 30, 2021Theresa ChenBarclays$50.13$45.669.79%9.48%
Nov 15, 2021Shneur GershuniUBS$50.93$48.245.57%11.22%
May 10, 2021Steve FleishmanWolfe Research$50.00$48.453.20%9.19%

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 -1.73% decrease from TRP last price ($45.79).

TC Energy Price Target by Period

1M3M12M
# Anlaysts--1
Avg Price Target--$45.00
Last Closing Price$45.79$45.79$45.79
Upside/Downside-100.00%-100.00%-1.73%

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 $45.79. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024CIBCNeutralNeutralHold
Oct 15, 2024BarclaysOverweightOverweightHold
Oct 09, 2024ScotiabankOutperformOutperformHold
Oct 03, 2024RBC CapitalOutperformOutperformHold
Oct 01, 2024Wells FargoOverweightOverweightHold
Sep 30, 2024JefferiesHoldHoldHold
Sep 30, 2024UBSBuyUpgrade
Aug 23, 2024National BankOutperformOutperformHold
Aug 19, 2024BarclaysOverweightOverweightHold
Aug 05, 2024CFRAHoldHoldHold
Aug 02, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 02, 2024National BankOutperformOutperformHold
Aug 02, 2024ScotiabankOutperformOutperformHold
Jul 15, 2024CIBCNeutralNeutralHold
Jun 04, 2024Wells FargoOverweightOverweightHold
Oct 17, 2023WedbushNeutralInitialise
Oct 17, 2023Wolfe ResearchPeer PerformDowngrade
Oct 17, 2023CitigroupNeutralBuyUpgrade
Oct 17, 2023BarclaysEqual-WeightOverweightUpgrade
Oct 17, 2023Exane BNP ParibasOutperformUpgrade
Oct 17, 2023Wells FargoEqual-WeightOverweightInitialise
Oct 17, 2023Morgan StanleyUnderweightEqual-WeightDowngrade
Oct 17, 2023Goldman SachsBuyUpgrade
Oct 17, 2023Cantor FitzgeraldNeutralDowngrade
Oct 17, 2023BernsteinOutperformInitialise
Oct 17, 2023OppenheimerPerformDowngrade
Oct 17, 2023StephensEqual-WeightInitialise
Oct 17, 2023Loop Capital MarketsBuyInitialise
Sep 08, 2023Wells FargoUnderweightEqual-WeightUpgrade
Sep 08, 2023CitigroupBuyUpgrade
Sep 08, 2023BradescoOutperformUpgrade
Jan 06, 2023Morgan StanleySellEqual-WeightInitialise
Jan 06, 2023BenchmarkHoldUpgrade
Jan 06, 2023BNP ParibasNeutralInitialise
Jan 06, 2023Dawson JamesBuyInitialise
Jan 06, 2023Piper SandlerUnderweightDowngrade
Jan 06, 2023Deutsche BankHoldDowngrade
Jan 06, 2023Truist FinancialHoldDowngrade
Jan 06, 2023Wells FargoEqual-WeightUnderweightDowngrade
Jan 06, 2023BarclaysEqual-WeightDowngrade
Jan 06, 2023Raymond JamesOutperformUpgrade
Apr 26, 2022Morgan StanleySellDowngrade
Feb 22, 2022Wells FargoEqual-WeightEqual-WeightHold

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$3.80B$3.50B$3.51B$3.79B$3.85B$3.46B$3.40B$3.63B$3.78B$3.38B$3.17B$3.37B$3.39B$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$3.94B$3.64B$3.65B$3.93B$4.00B$3.60B$3.53B$3.77B$3.93B$3.51B$3.29B$3.45B$3.45B$4.11B$3.95B$4.38B$4.31B$3.95B$3.87B$3.99B$3.91B$3.51B$3.20B$3.31B$3.31B$3.16B$3.11B$3.54B$3.44B$3.22B
Low Forecast$3.69B$3.41B$3.42B$3.69B$3.74B$3.37B$3.30B$3.53B$3.68B$3.28B$3.08B$3.32B$3.35B$3.85B$3.70B$4.11B$4.11B$3.73B$3.62B$3.74B$3.67B$3.51B$3.20B$3.31B$3.31B$3.16B$3.11B$3.54B$3.44B$3.22B
# Analysts2222111111133211221111111111115
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 $3.62B, and a high forecast of $3.87B. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts2222111111133211221111111111115
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$2.37B$2.19B$2.20B$2.37B$2.41B$2.17B$2.12B$2.27B$2.36B$2.11B$1.98B$2.11B$2.12B$2.48B$2.38B$2.34B$2.63B$2.40B$2.33B$2.13B$2.94B$2.39B$2.18B$1.93B$2.26B$2.16B$2.12B$-228.33M$2.35B$2.20B
High Forecast$2.46B$2.27B$2.28B$2.46B$2.50B$2.25B$2.20B$2.36B$2.45B$2.19B$2.06B$2.16B$2.16B$2.57B$2.47B$2.81B$2.70B$2.47B$2.42B$2.55B$3.53B$2.39B$2.18B$2.32B$2.26B$2.16B$2.12B$-182.66M$2.35B$2.20B
Low Forecast$2.31B$2.13B$2.14B$2.30B$2.34B$2.11B$2.06B$2.21B$2.30B$2.05B$1.93B$2.07B$2.10B$2.41B$2.31B$1.87B$2.57B$2.33B$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 $2.33B, with a high of $2.42B and a low of $2.26B. This is 5.23% upper than TC Energy's previous annual EBITDA (Mar 23) of $2.21B.

TC Energy Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts2222111111133211221111111111115
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$1.13B$922.14M$897.33M$1.16B$1.16B$914.96M$858.35M$1.11B$1.13B$872.10M$786.32M$961.70M$947.22M$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$1.19B$968.36M$942.30M$1.22B$1.22B$960.81M$901.36M$1.17B$1.19B$915.81M$825.72M$1.03B$1.15B$1.00B$888.57M$569.83M$1.13B$955.52M$942.39M$518.02M$1.52B$920.73M$923.62M$470.93M$1.00B$940.72M$903.92M$-762.85M$947.94M$885.39M
Low Forecast$1.09B$889.47M$865.53M$1.12B$1.12B$882.54M$827.93M$1.07B$1.09B$841.19M$758.45M$893.98M$876.52M$997.48M$813.67M$379.88M$986.86M$800.57M$865.63M$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 $865.63M to $942.39M. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts2222111111133211221111111111115
SG&A------------------------------
Avg Forecast$22.12M$20.42M$20.48M$22.08M$22.44M$20.19M$19.79M$21.17M$22.03M$19.68M$18.46M$19.66M$19.77M$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$22.97M$21.21M$21.27M$22.93M$23.30M$20.96M$20.55M$21.98M$22.88M$20.43M$19.17M$20.12M$20.09M$23.97M$23.01M$25.55M$25.13M$23.04M$22.54M$23.27M$22.81M$20.74M$18.90M$19.60M$19.59M$18.70M$18.38M$20.93M$20.37M$19.03M
Low Forecast$21.52M$19.86M$19.92M$21.48M$21.83M$19.64M$19.25M$20.59M$21.43M$19.14M$17.96M$19.34M$19.53M$22.45M$21.55M$23.93M$23.95M$21.75M$21.11M$21.79M$21.37M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts2222111111133211221111111111115
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$1.09$0.89$0.87$1.12$1.12$0.88$0.83$1.07$1.09$0.84$0.76$0.93$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$1.15$0.93$0.91$1.18$1.17$0.93$0.87$1.13$1.14$0.88$0.80$0.99$1.10$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$1.05$0.86$0.83$1.08$1.08$0.85$0.80$1.04$1.05$0.81$0.73$0.86$0.85$0.96$0.78$1.00$0.95$0.77$0.83$1.03$0.96$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ENBEnbridge$41.40$63.0052.17%Hold
EPDEnterprise Products Partners$31.29$35.3312.91%Buy
ETEnergy Transfer LP$18.64$21.0012.66%Buy
KMIKinder Morgan$26.61$26.901.09%Buy
TRPTC Energy$46.07$45.00-2.32%Buy
MPLXMPLX LP$47.70$46.00-3.56%Buy
OKEONEOK$101.78$97.86-3.85%Buy
WMBWilliams Companies$53.69$51.33-4.40%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 $45 with a range of $45 to $45, implying a -1.73% from its last price of $45.79. 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 down by -1.73% (from the last price of $45.79 to the average price target of $45), down by -1.73% based on the highest stock price target, and down by -1.73% based on the lowest stock price target.

Can TC Energy stock reach $70?

TRP's average twelve months analyst stock price target of $45 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 $14.34B (high $14.89B, low $13.95B), average EBITDA is $8.96B (high $9.31B, low $8.72B), average net income is $4.04B (high $4.25B, low $3.9B), average SG&A $83.58M (high $86.8M, low $81.3M), and average EPS is $3.9 (high $4.1, low $3.76). TRP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $14.6B (high $15.16B, low $14.2B), average EBITDA is $9.13B (high $9.48B, low $8.88B), average net income is $4.11B (high $4.32B, low $3.97B), average SG&A $85.1M (high $88.38M, low $82.78M), and average EPS is $3.96 (high $4.16, low $3.82).

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%