(TRP) TC Energy - Ratings and Ratios

TC Energy Corporation is a leading North American energy infrastructure company, operating a vast network of natural gas pipelines, storage facilities, and power generation assets. With a presence in Canada, the US, and Mexico, the company plays a critical role in delivering energy to various markets, including local distribution companies, power plants, and industrial facilities.

The companys extensive pipeline network spans over 93,700 kilometers, connecting major supply basins to key demand centers. Additionally, TC Energy operates regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet, as well as non-regulated storage facilities in key Canadian markets. The companys power generation portfolio includes facilities with approximately 4,650 megawatts of capacity, further diversifying its energy infrastructure assets.

From a technical analysis perspective, TRPs stock price has been trending upwards, with a current price of $51.40 and a 20-day SMA of $49.87, indicating a positive short-term momentum. The stock is also above its 50-day and 200-day SMAs, suggesting a longer-term uptrend. With an ATR of 0.96, representing a 1.87% daily volatility, the stock has shown a relatively stable trading pattern.

Fundamentally, TC Energys market capitalization stands at approximately $52.38 billion USD, with a P/E ratio of 17.03 and a forward P/E of 19.01. The companys return on equity is 15.46%, indicating a relatively healthy profitability profile. Given the current technical and fundamental trends, a forecast for TRPs stock price could be moderately bullish, with potential targets in the $55-$60 range over the next 6-12 months, driven by the companys stable cash flows, diversified asset base, and the growing demand for natural gas in North America.

Based on the analysis, a potential trading strategy could involve buying TRP on dips towards the $49-$50 range, with a stop-loss below $46.42 (200-day SMA), and targeting the $55-$60 range over the next 6-12 months. This strategy would be contingent on the companys continued ability to deliver stable cash flows, as well as a favorable macroeconomic environment for the energy sector.