TRP Should I Buy
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TC Energy Corp (TRP) is a good buy right now for a beginner who prefers long-term investing and has $50,000-$100,000 to deploy. The stock is trending upward, analyst sentiment is broadly constructive, and options data shows bullish positioning. With no recent negative news, no notable insider or congress selling, and a utility-like infrastructure profile, TRP looks suitable for a patient long-term allocation. I would rate it a Buy rather than a Hold because the current setup is still constructive and the investor is unwilling to wait for a perfect entry.
TRP is in a short- and medium-term uptrend, with bullish moving averages in alignment (SMA_5 > SMA_20 > SMA_200). Price at 69.9 is slightly above the pivot (67.96) and near resistance at 69.423 and 70.327, showing strength but also that it is close to a breakout area. RSI_6 at 64.5 is healthy and not overbought. The MACD histogram is slightly negative and still contracting, which suggests momentum has cooled a bit, but the broader trend remains constructive. Overall, the technical picture is bullish with mild near-term hesitation.
Analysts have recently raised price targets across multiple firms, including CIBC, Scotiabank, BMO, RBC, Barclays, and Morgan Stanley. The most recent note from CIBC lifted its target to C$103 and kept an Outperformer rating, citing guidance upside if conditions hold. RBC highlighted in-line Q1 results, reaffirmed near-term guidance, and pointed to backlog opportunities tied to power and data center demand. The company also benefits from a utility-like natural gas and power infrastructure profile, which has been viewed favorably in a volatile macro environment. No recent negative news was reported.
The MACD histogram is still below zero, indicating momentum has not fully turned decisively higher yet. TD Securities remains only Hold despite its higher target, showing that not all analysts are fully bullish. Price is also approaching resistance near 70.33, so near-term upside may be somewhat constrained without a breakout. There is no fresh company-specific news in the last week to provide an immediate catalyst.
No latest-quarter financial snapshot was available due to a data error, so a direct quarter-by-quarter financial review cannot be completed from the provided data. However, the analyst commentary references in-line Q1 results, reaffirmed guidance ranges, and operational momentum, which suggests the latest quarter was stable rather than weak. The strongest implied growth theme is continued project and backlog-driven expansion in energy infrastructure, especially demand linked to power and data centers.
Analyst sentiment has improved over the past few months. Multiple firms raised price targets, and the tone is generally constructive, with several Outperform/Overweight-type ratings. The latest and strongest update came from CIBC, which raised its target to C$103 and stayed Outperformer. The Street’s pros view: TC Energy has solidified into a lower-risk, utility-like infrastructure story with potential upside from guidance and project backlog. The cons view: some analysts remain cautious on earnings growth expectations and returns, and TD Securities still rates it Hold. Overall, the balance of opinion is positive.
