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

Home Daily Stock Opinions and Ratings TC Energy (TRP-T)

TSE:TRP

57.70

0.15 (0.26%) 1d

DON'T BUY

Short in company shares given price momentum. Current valuation middle of pack. Very stable stock. Lots of debt on the balance sheet.

oil / gas pipelines

BUY

Interest rate hikes have prevented this from returning to pre-Covid highs. Has been under pressure in recent months because of their oil spill and overruns on the Coastal Gaslink, but these are short term. Because there is a finite number of pipelines, this makes TRP a buy. It has been unfairly published and prospects look good.

oil / gas pipelines

WEAK BUY

Locked in a sideways trading range. Great thing is that you get these really great long-term dividend payments. Should hold in well during market turmoil. Decent performer through 2022. Doesn't mind adding here at its longer term support. Still cautious on energy. Don't overweight.

oil / gas pipelines

WEAK BUY

Investor Day didn't deliver. Higher costs. Dividend growth going to be less robust, but not at risk. Rising interest rates have hurt bond-proxy stocks. Don't want to be in this if you expect markets to improve. Good for dividend seekers, but not at the top of his list for a 2023 recovery. Yield is 6.8%, attractive.

oil / gas pipelines

PARTIAL BUY

Cheap at 9.8x 2024 free cash yield, but only a 3% 2022-24 growth rate. Pays a 7% dividend. Not bad considering the overall market. He likes the stock price down here. Sell some puts and try to buy at even lower levels. Or you can start buying now and more in coming months, and you will be fine.

oil / gas pipelines

BUY

Good space with great assets and long term service agreements. 3rd choice amongst Enbridge and Pembina. Owns shares, but not too many. Affected by recent energy selloff. Yielding above 6% (believes dividend is safe).

oil / gas pipelines

COMMENT

Dividend safe? About 20 years ago, TRP cut its dividend. Masses of widows and orphans descended on Bay Street with pitchforks and torches. Shareholder revolt. So a lot of things have to go wrong for it to cut.

oil / gas pipelines

BUY

Canadian bellwether stock. Good business in the long term. Is a good time to buy right now. Would recommend buying.

oil / gas pipelines

TOP PICK

Recent rise of share price is less desirable for investors today (want to buy low), but still believes a good time to buy. Large distribution network across North America. Attractive dividend that is a good long term investment. Rising energy prices good for the company.

oil / gas pipelines

Unspecified

A great business along with Enbridge and others. Dividend is safe and grows year after year. Has a big project in Mexico so there has been overhanging fear of a large equity issue. It did have an equity issue months ago but says it will not use equity again for any more funding if needed.

oil / gas pipelines

BUY

Slightly better value than ENB right now, but both stocks work at these levels.

oil / gas pipelines

BUY

Defensive against a recession? We're probably already in a recession, as the telling numbers lag a bit. Perfect type of stock you want to own through this. Good, stable business with critical infrastructure assets. Avoided by ESG investors, but a good buying opportunity for the rest of the community.

oil / gas pipelines

TOP PICK

He recently re-entered this. Its valuation is incredible and it pays a 6.5% dividend which is sustainable. Strong balance sheet. It's good value for the next 12 months. He started buying this. Recession fears are a risk though. (Analysts’ price target is $69.08)

oil / gas pipelines

TOP PICK

Pipelines are a good place to be in this tough market. Nat gas tailwinds. Really defensive. New purchase will be accretive in time. Lots of projects for growth. Trades at an undemanding 15x. Yield is 5.63%, with 4% dividend growth. (Analysts’ price target is $69.44)

oil / gas pipelines

PAST TOP PICK

(A Top Pick Aug 26/21, Up 12%) His return would have been higher had TRP not come to the market for equity recently, but that was done to finance pipelines in Mexico and BC. Opportunities for this company are strong. Natural gas in Canada is becoming more export-oriented, and TC is the only company in North American that can ship it given their pipeline system. He's been buying it.

oil / gas pipelines

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TC Energy(TRP-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 20

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 23

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, 23 stock analysts published opinions about TRP-T. 20 analysts recommended to BUY the stock. 3 analysts 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?

23 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 2023-01-27, TC Energy (TRP-T) stock closed at a price of $57.7.

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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.

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TC Energy(TRP-T) Rating

TC Energy(TRP-T) Frequently Asked Questions

What is TC Energy stock symbol?

Is TC Energy a buy or a sell?

Is TC Energy a good investment or a top pick?

Why is TC Energy stock dropping?

Is TC Energy worth watching?

What is TC Energy stock price?

Latest Buy Signals

Today's Top Picks

Popular Articles

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Most Recent Experts

Eric Nuttall

Stockchase Insights

Jim Cramer - Mad Money

Paul Harris, CFA

The Panic-Proof Portfolio (Stockchase Research)

Trending stocks today

TC Energy (TRP-T)

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TC Energy(TRP-T)

TC Energy(TRP-T) Rating

TC Energy(TRP-T) Frequently Asked Questions

What is TC Energy stock symbol?

Is TC Energy a buy or a sell?

Is TC Energy a good investment or a top pick?

Why is TC Energy stock dropping?

Is TC Energy worth watching?

What is TC Energy stock price?

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Eric Nuttall

Stockchase Insights

Jim Cramer - Mad Money

Paul Harris, CFA

The Panic-Proof Portfolio (Stockchase Research)