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 $46.69, down 0.19% from the previous day, and has increased 31.34% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.04 percentage points. Tc Energy stock is currently +43.6% from its 52-week low of $32.52, and -1.16% from its 52-week high of $47.24.
At the moment, there are 1.04B TRP shares outstanding. The market value of TRP is $48.44B. In the past 24 hours, 2.52M 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.
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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.
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- 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.
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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 overvalued based on its P/E ratio of 19.61x, relative to Oil & Gas Midstream industry P/E ratio of 15.92x
- TRP could be undervalued based on its P/B ratio of 2.24x, relative to Oil & Gas Midstream industry P/B ratio of 2.55x
- TRP may be overvalued based on its PEG ratio of 1.39x
You can access additional valuation analysis on TRP's stock here.
TRP Financial Health Summary
Passed Health Checks:
- TRP profit margin has gone up from 6.1% to 20.8% in the past year.
Failed Health Checks:
- TRP has a relatively high debt to equity ratio of 2.9.
- TRP earnings of $5.58B is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the TRP balance sheet.
- TRP's operating cash flow of $5.31B allows it to safely service it's debt of $46.75B.
- Total TRP debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the TRP balance sheet.
You can dig deeper into what analysts are saying on the Tc Energy stock forecast page.
Metrics for Advanced TRP Traders
TRP Growth Numbers
Last year, TRP earnings were $2.47B. Over the last five year, TRP's earnings have increased by -6.88% per year. This was slower than the Oil & Gas Midstream industry average of 29.43%.
Last year, TRP revenue was $11.87B. During the past 5 year, TRP's revenue has grown by 2.54% per year. This was slower than the Oil & Gas Midstream industry average of 7.39%.
Dig into TRP's earnings and revenue performance here.
Are TRP insiders buying or selling the stock?
In the past 12 months, insiders at TRP have not bought or sold any shares.
Dig into more about who owns TRP shares here.
Can I rely on TRP as an income stream?
Tc Energy pays a dividend of 7.1%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.21%. If you owned $1,000 of TRP stock, you would have received $70.96 in the past 12 months.
Tc Energy dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Tc Energy dividend yield and history here.
What do other traders have to say about TRP?
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Step 5: Execute your TRP buy order
You have two primary 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 the easiest way to buy. - Limit order: A limit order enables 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 specific price limit, place a limit order.
Click the Open Trade button and your broker will place the order.
If you require additional assistance buying stocks on eToro, click the helpful 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 investment.
Add TRP to a watchlist to track the latest developments regarding your TRP stock.
TRP Feed
How to Buy Stock in Tc Energy
To summarize, here are the 6 steps for buying Tc Energy stock:
- 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 brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Tc Energy, create a watchlist today.
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