Buy, Sell or Hold: TC Energy (TRP-T) — Stock Predictions at Stockchase

TSE:TRP

67.04

0.54 (0.81%) 1d

Showing 1 to 15 of 1,096 entries

BUY

He owns this and ENB. You need to own stocks with secure dividends and contracted revenues, namely capital projects that'll raise cash flow over time. You get a bit more of a yield premium with ENB vs. TRP, but he likes both. Solid assets.

oil / gas pipelines

TOP PICK

Hasn't performed well. Keystone XL is in the past, and the company is more stable without it. Best nat gas transmission assets in NA, and nat gas demand is steadily increasing. Nat gas will be a necessary offset to increasing renewables, for times when renewables don't generate. Utility-like, well set up for future, good capital project growth. Good value below $60. Yield is 5.88%. (Analysts’ price target is $69.02)

oil / gas pipelines

DON'T BUY

He hasn't looked at this for a while. As a sector, these aren't the same dividend stocks of years ago. The pipeline business is like squeezing orange juice from the peels. It's not a growth business; we're not moving more oil through pipelines. They grow by buying other companies.

oil / gas pipelines

WEAK BUY

TRP vs. ENB vs. PPL Likes it. Trading below pre-Covid highs, as it's viewed as more defensive. Keystone XL announcement was initially negative, but a relief going forward. Not starved for growth. Lots of capex in development. Market will continue to rerate the stock. He prefers ENB, as its valuation is still at a modest discount, Line 5 is mostly resolved. TRP, PPL, and ENB are all high quality companies that you can't go wrong owning. But ENB is his pick of the three.

oil / gas pipelines

PAST TOP PICK

(A Top Pick Jun 05/20, Up 6%) Surprising that is was flat. Has come down to the $50s a few times to come back. The environment for natural gas has been positive. Cancellation of the Keystone pipeline is a red herring. Many good things going for the company. Key positions in his portfolios.

oil / gas pipelines

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenues fell short of estimates by 8% but EPS was 4% better at $1.16. Outlook is good despite losing Keystone. Comfortable buying at 14x earnings. Unlock Premium - Try 5i Free

oil / gas pipelines

WEAK BUY

The cancellation of Keystone XL benefits TRP because it gets them to focus on their other growth opportunities worth over $20 billion which are less risky. He prefers ENB given lower valuation plus their higher dividend yield. ENB is the best large-cap midstream in Canada and excess cash flow may lead to share buybacks. Both have strong balance sheets and can grow dividends.

oil / gas pipelines

WEAK BUY

TRP vs. ENB Nothing wrong with it except the cancelling of Keystone. Still a fantastic business. Great assets. Fewer pipelines increases the value of those assets. Has underperformed. He owns ENB, with its better growth profile.

oil / gas pipelines

BUY

For income investors, pipelines look great. Great dividend. The sector suffered neglect as people chased higher growth areas of the market. He owns ENB, PPL, and TRP. Also consider KEY, which has more exposure to the commodity. Makes a lot of sense for conservative investors.

oil / gas pipelines

BUY

Canadian pipelines still offer value. We still rely on fossil fuels and will for a long time. Difficulty in building new infrastructure raises the value of existing infrastructure. TRP and ENB can offer good profitability, sizable dividend yields. Prefers ENB, but likes both.

oil / gas pipelines

BUY

Are TRP, Enbridge and Pembina bond proxies? They're safer than the energy market, due to lower volatility. These will react to interest rates more than pure oil companies. The three all have highly contracted earnings that are guaranteed over the years. These are relatively safe stocks but keep in mind they will be sensitive to interest rates. He would continue to own them in the face of rising interest rates.

oil / gas pipelines

BUY on WEAKNESS

Growth started to stall in 2018. It has been trading in a range between $50-$70 for the last 3 years. A compelling total return play before but it is now an income play. It is yielding around 6.1%. A good company with critical infrastructure in natural gas and oil. Keystone XL cancellation is negative but it is probably priced in. Dividend is safe. Buy in the lower end of the trading range, like right now, for income.

oil / gas pipelines

BUY

Think about it in terms of natural gas. With electrification, he doesn't see a drop in demand for nat gas, so they should be able to continue unabated without Keystone. Still planning to spend. An OK pick for income. Has some renewables. Worth buying right now. Bond substitute, given low interest rates. Yield is about 6%.

oil / gas pipelines

WEAK BUY

It is one of two large cap pipelines in Canada. He prefers ENB-T in this case with more attractive growth prospects but you are okay with TCM-T. GEI-T is another good one.

oil / gas pipelines

Unlock Panic-Proof Portfolio and Top Stock Picks

Become a member Or, Sign In

TOP PICK

Stockchase Research Editor: Michael O'Reilly TRP operates a massive energy infrastructure system of pipelines, storage facilities and power generation throughout North America, including Mexico. It's Keystone XL project has become a political football, as newly elected President Biden signed an executive order denying a permit on his first day -- countering the permit granted by the previous Trump Administration. The company still makes money and pays a good dividend. We would buy this with a stop-loss at $47, looking to achieve $70 -- upside over 26%. Yield 5.85% (Analysts’ price target is $68.60)

oil / gas pipelines

Showing 1 to 15 of 1,096 entries

TC Energy(TRP-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 21

Stockchase rating for TC Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

TC Energy(TRP-T) Frequently Asked Questions

What is TC Energy stock symbol?

TC Energy is a Canadian stock, trading under the symbol TRP-T on the Toronto Stock Exchange (TRP-CT). It is usually referred to as TSX:TRP or TRP-T

Is TC Energy a buy or a sell?

In the last year, 21 stock analysts published opinions about TRP-T. 17 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for TC Energy.

Is TC Energy a good investment or a top pick?

TC Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for TC Energy.

Why is TC Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is TC Energy worth watching?

21 stock analysts on Stockchase covered TC Energy In the last year. It is a trending stock that is worth watching.

What is TC Energy stock price?

On 2021-10-19, TC Energy (TRP-T) stock closed at a price of $67.04.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.