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TC Energy ( (TSE:TRP) ) has issued an announcement.
TC Energy has begun collecting tolls on the Southeast Gateway pipeline, a major natural gas infrastructure project completed under budget and ahead of schedule. This pipeline, constructed in partnership with Mexico’s Comisión Federal de Electricidad (CFE), is crucial for supporting Mexico’s energy demand and economic growth. The project underscores TC Energy’s commitment to enhancing energy security and transitioning to more sustainable energy sources in Mexico.
The most recent analyst rating on (TSE:TRP) stock is a Hold with a C$57.00 price target. To see the full list of analyst forecasts on TC Energy stock, see the TSE:TRP Stock Forecast page.
Spark’s Take on TSE:TRP Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRP is a Neutral.
The overall score is driven by a strong earnings call and reasonable valuation, offset by bearish technical signals and financial risks associated with high leverage and declining revenue. The company’s profitability remains robust, but cash flow management poses challenges.
To see Spark’s full report on TSE:TRP stock, click here.
More about TC Energy
TC Energy is a leading energy company with over 6,500 employees, specializing in the seamless movement, generation, and storage of energy. The company operates an extensive network of natural gas infrastructure assets, delivering energy to homes and businesses across North America and globally through LNG exports. TC Energy’s portfolio is complemented by strategic ownership and low-risk investments in power generation.
Average Trading Volume: 6,614,045
Technical Sentiment Signal: Buy
Current Market Cap: C$67.05B
Learn more about TRP stock on TipRanks’ Stock Analysis page.