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TRP : TC Energy Corp Stock Profile

Qayyum Rajan is a CFA Charterholder who has previously worked at CIBC, RBC Dominion Securities and Sentry Investments before creating his own fintech ventures.He has been a financial advisor, analyst and portfolio manager who is passionate about helping people reach their financial goals.Qayyum is the owner of Wealth Awesome where he writes financial content and creates tools for over 20,000 Canadian investors.

Expertises: finance, investment, stocks
 
Last Updated:
TC Energy Corp trades with the ticker TRP on the TSX and is in the Oil & Gas Midstream industry.
Overview
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 532 billion cubic feet. In addition, it has approximately 4,900 kilometers of liquids pipeline system that connects Alberta crude oil pipeline to refining markets in Illinois, Oklahoma, Texas, and the United States Gulf Coast. Further, the company owns or has interests in power generation facilities with approximately 4,600 megawatts; and owns and operates approximately 118 billion cubic feet of non-regulated natural gas storage facilities in in Alberta, Ontario, Québec, and New Brunswick. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.
 

TRP.TO Stock Price and Key Stats

TRP Stock Key Stats

Exchange: TSX

Market Cap : $65040.282MM

PE Ratio: 18.438

Price: (Updated: )

TC Energy Corp (TRP) vs Competitors in Oil & Gas Midstream

Lets see how TRP.TO stacks up against others in the Oil & Gas Midstream asset management industry. We have identified its main peers as:

AltaGas Ltd, Enbridge Inc, Inter Pipeline Ltd, Keyera Corp, Pembina Pipeline Corporation

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Oil & Gas Midstream Industry Comparisons

CompanyMarket Cap ($MM)P/E RatioEV/EBITDADividend Yield
AltaGas Ltd (ALA)$10,186.39523.62113.9643.4%
Enbridge Inc (ENB)$119,366.16421.08513.0386.6%
Inter Pipeline Ltd (IPL)$8,206.30417.07122.2142.6%
Keyera Corp (KEY)$9,468.60127.73213.1515.0%
Pembina Pipeline Corporation (PPL)$31,760.91616.79115.6235.0%
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses Industry: companies that have a lot in common Market Cap: Market Capitalization – the total value of all a corporation’s stock N/A: Not Applicable or Not Available P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share Price: Stock Price – current value to buyers and sellers Dividend Yield: Dividend or Distribution Yield 

Comparisons within Oil & Gas Midstream

  • TC Energy Corp (TRP) vs AltaGas Ltd (ALA)
    • TRP has higher EPS (3.31 vs 1.45). TRP has higher dividend yield (6.3% vs 3.4%). ALA has a higher P/E ratio (23.621 vs 18.438) indicating it’s more expensive.
  • TC Energy Corp (TRP) vs Enbridge Inc (ENB)
    • TRP has higher EPS (3.31 vs 2.6). ENB has higher dividend yield (6.6% vs 6.3%). ENB has a higher P/E ratio (21.085 vs 18.438) indicating it’s more expensive.
  • TC Energy Corp (TRP) vs Inter Pipeline Ltd (IPL)
    • TRP has higher EPS (3.31 vs 1.12). TRP has higher dividend yield (6.3% vs 2.6%). TRP has a higher P/E ratio (18.438 vs 17.071) indicating it’s more expensive.
  • TC Energy Corp (TRP) vs Keyera Corp (KEY)
    • TRP has higher EPS (3.31 vs 1.49). TRP has higher dividend yield (6.3% vs 5.0%). KEY has a higher P/E ratio (27.732 vs 18.438) indicating it’s more expensive.
  • TC Energy Corp (TRP) vs Pembina Pipeline Corporation (PPL)
    • TRP has higher EPS (3.31 vs 3.26). TRP has higher dividend yield (6.3% vs 5.0%). TRP has a higher P/E ratio (18.438 vs 16.791) indicating it’s more expensive.
 
Our Recommendation: Buy
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (18.44) than the industry average (20.44), indicating potential undervaluation. Features a lower EV/EBITDA ratio (12.44) than the industry average (13.50), indicating attractive valuation.
 

How to Buy TRP stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX.If you are looking for some easy options take a look at these two: 
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