TC Energy Corp's stock has shown positive momentum this week, driven by significant developments related to its Coastal GasLink project.
This week, TC Energy Corp (TRP.TO) has experienced a price increase of 2.34%, closing at C$85.36 on Friday, up 1.62% for the day. The recent surge in stock price can be attributed to advancements in the Coastal GasLink project, which may impact the company's investment appeal moving forward.
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TC Energy Corp
TRP.TO
TRP.TO
TC Energy Corp
WealthAwesomeMarket cap
$88.93B
P/E
24.3x
Div. yield
4.11%
Div. / share
$3.46
52W high
$98.71
52W low
$66.63
1W change
+2.34%
Beta
0.98
Analyst Price Targets
Based on analyst covering TRP · as of Oct 8, 2026
Wall Street analysts forecast TRP stock price to rise 18.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$100.77
+18.1% Upside
Previously C$99.78 on Oct 1, 2026
Current Price
C$85.36
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRP's historical volatility
30-Day Vol
16.5%
Annualized
90-Day Vol
18.9%
Annualized
Trend (90d)
-46.8%
Annualized drift
90d Mean
C$72.23
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$80.74 | C$76.26 – C$85.48 |
| 60 trading days | C$76.37 | C$70.45 – C$82.78 |
| 90 trading days | C$72.23 | C$65.44 – C$79.73 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should monitor the developments surrounding the Coastal GasLink expansion as they could enhance TC Energy's growth prospects and valuation.
TC Energy's stock is currently trading at C$85.36, with a market cap of approximately C$88.93 billion.
The stock has a P/E ratio of 24.32, indicating that it may be considered overvalued relative to its earnings, especially in light of its current profit margin of 22.9%.
Bull case
The ongoing expansion of the Coastal GasLink project could lead to increased revenue and a stronger market position for TC Energy, potentially driving stock prices higher. As the project progresses, it may attract more investors looking for growth opportunities in the energy sector.
Bear case
However, any delays or complications related to the Coastal GasLink project could negatively impact investor sentiment and the company's financial outlook. If issues arise, it could lead to a decline in stock prices and a reassessment of TC Energy's valuation.
Recent Price Action
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TC Energy Corp's stock has shown a positive trend this week, closing at C$85.36 on Friday, representing a 1.62% increase for the day and a 2.34% rise over the week. Year-to-date, the stock has gained approximately 14.43%. The recent price movements can be linked to favorable developments concerning the Coastal GasLink project.
Catalysts Behind the Movement
The stock's upward momentum is largely driven by recent news related to the Coastal GasLink project. Announcements regarding the advancement of the Coastal GasLink Phase 2 expansion plans and the backing of this project have generated renewed interest in TC Energy. Analysts have noted that these developments may suggest the stock is currently undervalued, potentially offering a buying opportunity for investors.
Technical Picture
From a technical standpoint, TC Energy's stock price is currently below its 50-day moving average of C$86.72 and its 200-day moving average of C$87.64, indicating a slight bearish signal in the short to medium term. The stock has traded within a 52-week range of C$66.63 to C$98.71, currently sitting at approximately 58% of that range. The stock's beta of 0.98 suggests that it moves in line with the broader market, while the latest trading volume of 6,331,300 shares is slightly below the 20-day average volume of 7,110,845 shares.
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