How to Buy Tc Energy Stock
Tc Energy Corp
Tc Energy is a oil & gas midstream company located in Alberta, Canada, which is part of the Energy sector, and is traded under the ticker TRP on the NYSE exchange.
Tc Energy stock last closed at $48.45, down 1.96% from the previous day, and has increased 34.92% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.28 percentage points. Tc Energy stock is currently +36.94% from its 52-week low of $35.38, and -3.81% from its 52-week high of $50.37.
At the moment, there are 1.04B TRP shares outstanding. The market value of TRP is $50.34B. In the past 24 hours, 2.43M TRP shares were traded.
How to Buy Tc Energy Stock
Not sure how to invest in Tc Energy stock? Here's how.
- Decide where to buy Tc Energy stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Tc Energy stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your details.
- Evaluate Tc Energy stock: The Tc Energy ticker symbol is TRP. Is Tc Energy stock a good investment? Should you buy shares of TRP? How do TRP's underlying business fundamentals look? Do top analysts think Tc Energy is a good buy? Why has TRP's stock price moved recently? (Hint: Our stock research website can help you figure out if TRP is a good stock to buy).
- Execute your TRP buy order: Decide if you will purchase TRP shares at the current market price or use a limit order to purchase TRP stock at a particular price.
- Get key alerts regarding your TRP investment: Create a watchlist to important updates regarding your new investment in Tc Energy stock.
Step 1: Decide where to buy Tc Energy stock
You need a brokerage account in order to access the NYSE market and buy TRP stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you are able to buy TRP today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on the best stock trading app, you need to deposit funds:
Watch this video walkthrough if you need help depositing money into your investment account.
Step 4: Evaluate Tc Energy stock
Once you have figured out the best place to buy Tc Energy stock, it's very important to analyze their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Overview of key TRP info
TRP Due Diligence Checks
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on TRP's stock page.
Is TRP stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge TRP's true value.
Using relative valuations ratios:
- TRP may be undervalued based on its P/E ratio of 15.75x, relative to Oil & Gas Midstream industry P/E ratio of 19.46x
- TRP could be undervalued based on its P/B ratio of 2.63x, relative to Oil & Gas Midstream industry P/B ratio of 2.77x
You can do additional valuation analysis on TRP's stock here.
TRP Financials at a glance
Passed Health Checks:
- TRP profit margin has gone up from 21.3% to 33.4% in the past year.
Failed Health Checks:
- Total TRP debt is higher than 5 years ago, relative to shareholder equity.
- TRP has a relatively high debt to equity ratio of 2.9.
- TRP earnings of $6.00B is not enough to cover its interest payments.
- There are more short-term liabilities than short-term assets on the TRP balance sheet.
- TRP's operating cash flow of $5.34B allows it to safely service it's debt of $41.23B.
- There are more long-term liabilities than short-term assets on the TRP balance sheet.
Is TRP stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Equities analysts who give forecasts on TRP, the consensus analyst rating on Tc Energy is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Tc Energy stock forecast page.
TRP Technical Indicators
Is TRP Making Money?
Last year, TRP earnings were $3.19B. Over the past five year, TRP's earnings have grown by -1.2% per year. This was slower than the Oil & Gas Midstream industry average of 11.77%.
Last year, TRP revenue was $9.56B. In the past 5 year, TRP's revenue has increased by -1.12% per year. This was slower than the Oil & Gas Midstream industry average of 7.02%.
You can research TRP's earnings and revenue performance here.
Latest Insiders Trades at TRP
In the past year, insiders at TRP have not bought or sold any shares.
Learn more about who owns TRP shares here.
Can I get consistent income from TRP stock?
No, Tc Energy doesn't provide an income stream by paying out dividends.
What do other traders have to say about TRP?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your TRP buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, use a limit order.
Hit the Open button and eToro will place the order.
If you require additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your TRP investment
Now that you own some TRP shares, you'll want to keep up with your new shares.
Start a watchlist to keep track of your TRP stock.
TRP Feed
How to Buy Stock in Tc Energy
To summarize, here are the 6 steps to buy stock in Tc Energy:
- Decide where to buy Tc Energy stock
- Open a brokerage account
- Fund your investment account
- Evaluate Tc Energy stock
- Execute your TRP buy order
- Get key alerts regarding your TRP investment
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Tc Energy, add TRP to your watchlist by clicking the button below.
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