TRP Stock Summary and Trading Ideas (TC Energy | NYSE:TRP)

TC Energy operates natural gas, oil, and power generation assets in Canada and the United States. The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,300 megawatts of electric power.

TC Energy trades on the NYSE stock market under the symbol TRP.

As of May 3, 2024, TRP stock price climbed to $37.62 with 3,483,231 million shares trading.

TRP has a beta of 0.60, meaning it tends to be less sensitive to market movements. TRP has a correlation of 0.09 to the broad based SPY ETF.

TRP has a market cap of $39.01 billion. This is considered a Large Cap stock.

Last quarter TC Energy reported $3 billion in Revenue and $.99 earnings per share. This beat revenue expectation by $82 million and exceeded earnings estimates by $.16.

In the last 3 years, TRP stock traded as high as $59.38 and as low as $32.52.

The top ETF exchange traded funds that TRP belongs to (by Net Assets): MLPX, TPYP, EMLP, IFRA, DFIC.

TRP has underperformed the market in the last year with a return of +0.2%, while the SPY ETF gained +27.0%. In the last 3 month period, TRP fell short of the market, returning -1.3%, while SPY returned +3.7%. However, in the most recent 2 weeks TRP has outperformed the stock market by returning +5.4%, while SPY returned +3.3%.

TRP support price is $35.99 and resistance is $36.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRP stock will trade within this expected range on the day.