Fundamentals Overview
TC Energy Corporation is near the high of its 52-week range with moderate valuation, trading relatively flat today.
Valuation moderate
Profitability
Risk (Beta)
0.97 — in line vol
Earnings & growth
BullzEye Analysis
Our composite tilts Hold on technicals (e.g. RSI, ADX, trend), fundamentals, sentiment, sector and index context, and risk.
Composite Signal
Supporting (Buy):
Sentiment improving (11 upgrades)
Not financial advice. For education and research only; do your own research and consider a financial advisor before investing.
Key Stats
About
Ratings & Grades at a Glance
Overall rating: C+. Recent institutional grades: majority upgrades. Current institutional positions: Buy: 5, Hold: 4, Market Perform: 1, Neutral: 5, Outperform: 9, Overweight: 2, Perform: 3, Sell: 1.
Valuation & Ratios
Valuation, liquidity, and profitability metrics are consolidated here (including ratios that previously appeared in the Financials story). Trailing (TTM) vs forward-looking (e.g. DCF) is noted on each line where it matters.
DCF vs price: DCF estimate is $-37.74; current price is $66.65. That’s a -156.6% gap. When the gap is large (e.g. >20%), that’s divergence; when they’re close, that’s convergence. Differences can reflect growth expectations, sector premiums, or conservative vs. optimistic assumptions. Use DCF as one input alongside technicals and sentiment.
| Metric | Value |
|---|---|
| Valuation | |
| P/E (TTM) | 20.18 |
| PEG (TTM) | N/A |
| P/B (TTM) | 3.47 |
| P/S (TTM) | 6.07 |
| P/FCF (TTM) | 25.16 |
| Liquidity & enterprise | |
| Current Ratio (TTM) | 0.65 |
| Quick Ratio (TTM) | 0.57 |
| Cash Ratio (TTM) | 0.1 |
| Profitability | |
| ROE (TTM) | N/A |
| ROA (TTM) | N/A |
| Revenue growth (YoY) | N/A |
| Net margin (TTM) | 21.83% |
| Gross margin (TTM) | 51.19% |
| Operating margin (TTM) | 45.79% |
| Debt to equity (TTM) | N/A |
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Price Target, Ratings & Grades
Analyst price targets, consensus, rating snapshot, and institutional grades for TRP.
Analyst Sentiment at a Glance
Stock Grades (Institutions)
| Institution | Action | Previous Grade | New Grade | Date |
|---|---|---|---|---|
| RBC Capital | maintain | Outperform | Outperform | 2026-05-04 |
| Goldman Sachs | upgrade | Sell | Neutral | 2026-04-20 |
| Goldman Sachs | maintain | Sell | Sell | 2026-02-18 |
| CIBC | downgrade | Outperform | Neutral | 2026-02-17 |
| RBC Capital | maintain | Outperform | Outperform | 2026-02-17 |
| RBC Capital | maintain | Outperform | Outperform | 2025-11-07 |
| RBC Capital | maintain | Outperform | Outperform | 2025-02-18 |
| BMO Capital | maintain | Market Perform | Market Perform | 2024-11-20 |
| Credit Suisse | upgrade | Neutral | Outperform | 2021-01-21 |
| Credit Suisse | downgrade | Outperform | Neutral | 2020-11-25 |
| BMO Capital | downgrade | Outperform | Perform | 2020-11-25 |
| CIBC | upgrade | Sector Perform | Outperform | 2020-11-25 |
| Credit Suisse | upgrade | Neutral | Outperform | 2020-11-25 |
| Desjardins | downgrade | Buy | Hold | 2020-11-25 |
| Citigroup | downgrade | Buy | Neutral | 2020-11-25 |
| Macquarie | upgrade | Neutral | Outperform | 2020-11-25 |
| Goldman Sachs | upgrade | Sell | Neutral | 2020-11-25 |
| BMO Capital | maintain | Outperform | Outperform | 2020-11-25 |
| Deutsche Bank | maintain | Hold | Hold | 2020-11-25 |
| Canaccord Genuity | maintain | Hold | Hold | 2020-11-25 |
| TD Securities | downgrade | Buy | Hold | 2020-11-25 |
| National Bank Financial | upgrade | Underperform | Perform | 2020-11-25 |
| B of A Securities | upgrade | Neutral | Buy | 2020-11-25 |
| Wells Fargo | maintain | Overweight | Overweight | 2020-11-25 |
| Citigroup | upgrade | Neutral | Buy | 2020-11-25 |
| Citigroup | maintain | Buy | Buy | 2020-11-25 |
| Wells Fargo | downgrade | Outperform | Perform | 2020-11-25 |
| Canaccord Genuity | upgrade | Hold | Buy | 2020-11-25 |
| Morgan Stanley | upgrade | Equal Weight | Overweight | 2020-11-25 |
| Barclays | maintain | Buy | Buy | 2020-11-25 |