TRP Should I Buy
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TC Energy Corp (TRP) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown strong financial performance in the latest quarter, the technical indicators are neutral to slightly bearish, and there are no significant positive catalysts or trading signals to justify immediate action. Holding or waiting for a better entry point is recommended.
The MACD histogram is negative and expanding (-0.332), indicating bearish momentum. RSI is neutral at 49.591, and moving averages are converging, showing no clear trend. The stock is trading near its pivot level of 64.027, with key support at 62.923 and resistance at 65.131. Overall, the technical indicators suggest a neutral to slightly bearish trend.
Strong Q4 financial performance with revenue up 206.47% YoY, net income up 0.93% YoY, and gross margin up 50.87% YoY. Analysts have raised price targets, with several maintaining Outperform ratings.
No recent news or event-driven catalysts. Some analysts have downgraded the stock to Neutral or Hold due to recent price appreciation. Technical indicators do not support a strong upward trend.
In Q4 2025, TC Energy reported revenue of $4.17 billion, a 206.47% YoY increase. Net income increased slightly by 0.93% YoY to $980 million, with EPS flat at 0.94. Gross margin improved significantly to 52.14%, up 50.87% YoY, indicating strong operational efficiency.
Analysts have mixed views. Barclays, RBC Capital, and Scotiabank raised price targets and maintained Overweight or Outperform ratings, citing strong growth potential. However, Citi and TD Securities downgraded the stock to Neutral or Hold, citing limited upside after recent price appreciation.
