TRP Should I Buy
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TC Energy Corp (TRP) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock demonstrates strong bullish signals, including a Q4 EPS beat, consistent dividend growth, and robust financial management. Despite some short-term risks, the long-term outlook, supported by positive technicals and favorable analyst ratings, makes this stock a solid addition to a long-term portfolio.
The technical indicators for TRP are bullish. The MACD histogram is positive and expanding, indicating upward momentum. The RSI is at 80.14, signaling an overbought condition, but this is typical in strong uptrends. Moving averages are aligned bullishly (SMA_5 > SMA_20 > SMA_200). The stock is trading near its resistance level (R2: 62.259), suggesting strong upward momentum.
Q4 EPS beat (C$0.98, exceeding expectations by C$0.07).
Initiation of a cash generation phase.
3.2% dividend increase, marking the 26th consecutive year of growth.
13% YoY increase in Q4 EBITDA to CAD 3 billion.
Positive analyst updates with increased price targets from Morgan Stanley and JPMorgan.
Net income dropped by 58.20% YoY in Q3
EPS declined by 57.86% YoY in Q3
RSI indicates overbought conditions, suggesting potential short-term pullbacks.
In Q4 2025, TC Energy reported a non-GAAP EPS of C$0.98, beating expectations by C$0.07. Comparable EBITDA increased by 13% YoY to CAD 3 billion. However, in Q3 2025, net income dropped by 58.20% YoY, and EPS declined by 57.86% YoY, reflecting some challenges earlier in the year.
Analysts are bullish on TC Energy. Morgan Stanley raised its price target to C$93 and maintained an Overweight rating, citing strong earnings and energy sector performance. JPMorgan also increased its price target to C$83 with an Overweight rating. Citi raised its target to C$82 but maintained a Neutral rating.
