TRP · NYSE · STOCK
TC Energy (TRP) Stock Analysis
$62.59
52W $49.27 – $71.47
56/100
$65.18B
26.0
0.95
Is TRP Bullish or Bearish?
Mixed.
Innellis AI committee rates TC Energy Corporation (TRP) Watch with a composite score of 56/100
, based on 6 analysts with 50% agreement.
Last updated September 06, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +3.96 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -16.04 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Growth Analyst remains cautious — eps declining -17.5% yoy despite any revenue growth. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Dividend yield of 7.4% pays you to wait — Value
- MACD histogram positive -- bullish momentum — Technical
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- News sentiment is positive (+0.17 across 6 articles, 14d) — News
Bear Case
- Debt-to-equity of 2.21 adds balance-sheet risk to the value case — Value
- EPS declining -17.5% YoY despite any revenue growth — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- High leverage (debt-to-equity 2.21) amplifies downside in a stress scenario — Risk
- Current ratio of 0.63 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 06, 2026
Overall Committee Score
56/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 86%
of 93 Energy peers
Value Analyst
neutral
50
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Dividend yield of 7.4% pays you to wait
− Debt-to-equity of 2.21 adds balance-sheet risk to the value case
Growth Analyst
bearish
40
/ 100 · High confidence
Growth story is weak, decelerating, or inconsistent
− EPS declining -17.5% YoY despite any revenue growth
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
neutral
45
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
− High leverage (debt-to-equity 2.21) amplifies downside in a stress scenario
Macro Analyst
bullish
80
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
63
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.17 across 6 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2704.43)
Investment Thesis Evolution
Committee score moved marginally from 56.0 to 56.0.
Comparing 2026-09-05 to 2026-09-06 (1 day apart).
Technical Analysis
RSI (14)
46.5
Neutral
MACD Histogram
0.211
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$59.32
Resistance
$65.50
Bollinger %B
0.41
Inside Bands
Price vs Moving Averages
EMA 9
$62.65
Below
EMA 21
$63.30
Below
EMA 50
$64.78
Below
EMA 200
$62.41
Above
Fundamental Analysis
Valuation
76
Growth
47
Profitability
68
Financial Health
5
Cash Flow
70
Valuation
P/E Ratio
26.0×
P/B Ratio
3.25×
PEG Ratio
-1.41
Dividend Yield
3.99%
52W High
$71.47
52W Low
$49.27
Quality & Growth
ROE
1289.2%
ROA
296.3%
Gross Margin
5146.2%
Operating Margin
4608.9%
Revenue Growth YoY
—
Debt / Equity
2.30
AI Fundamental Assessment
P/E ratio of 26.0 (moderate relative to a 15-40x range); Price-to-book of 3.2x; PEG ratio of -1.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 12.9%; Return on assets of 3.0%; Net margin of 22.5%; Gross margin of 51.5%; Current ratio of 0.61 (tight short-term liquidity); Debt-to-equity of 2.30; Free cash flow per share is positive (3.91); Most recent quarter beat estimates by 11.5%; EPS growth decelerating (+1.0% -> -5.1% QoQ); Analyst estimates falling over recent quarters
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