TC Energy Corp (TRP.TO) has seen a positive uptick in its stock price this week, buoyed by recent developments in its Coastal GasLink project.
In the latest trading session, TC Energy Corp's stock closed at C$87.69, reflecting a 2.33% increase for the day and a 2.48% rise over the past week. The company's recent announcements regarding its Coastal GasLink project seem to be driving investor interest, contributing to a solid performance in the energy sector.
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TC Energy Corp
TRP.TO
TRP.TO
TC Energy Corp
WealthAwesomeMarket cap
$89.27B
P/E
24.4x
Div. yield
4.05%
Div. / share
$3.46
52W high
$98.71
52W low
$66.63
1W change
+2.48%
Beta
0.98
Analyst Price Targets
Based on analyst covering TRP · as of Oct 8, 2026
Wall Street analysts forecast TRP stock price to rise 14.9% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$100.77
+14.9% Upside
Previously C$99.78 on Oct 1, 2026
Current Price
C$87.69
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRP's historical volatility
30-Day Vol
17.3%
Annualized
90-Day Vol
19.2%
Annualized
Trend (90d)
-43.6%
Annualized drift
90d Mean
C$75.06
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$83.26 | C$78.43 – C$88.39 |
| 60 trading days | C$79.05 | C$72.64 – C$86.03 |
| 90 trading days | C$75.06 | C$67.67 – C$83.25 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors may want to keep an eye on TC Energy's ongoing projects and expansions, especially with the growing demand for natural gas and related infrastructure. The company's recent partnerships and expansions could signal potential growth opportunities.
C$87.69 Close with 2.33% Daily Gain
With a year-to-date increase of 17.55%, TC Energy's stock performance reflects robust investor confidence amid ongoing infrastructure developments.
Bull case
The recent Indigenous investment in Coastal GasLink and the potential for capacity expansion could strengthen TC Energy's market position, leading to higher revenue and profit margins in the coming years.
Bear case
Despite the positive developments, challenges in project execution and potential regulatory hurdles may impact TC Energy's growth trajectory and stock performance.
Recent Price Action
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This week, TC Energy Corp's stock has experienced a positive trajectory, closing at C$87.69 with a daily gain of 2.33%. Over the past week, the stock has seen a cumulative increase of 2.48% and has risen 5.12% in the last month. Year-to-date, TC Energy's stock has appreciated significantly, showing a growth of 17.55%, signaling strong investor confidence in its strategic initiatives.
Catalysts Driving Performance
Several recent announcements have positively influenced TC Energy's stock performance. Notably, the company announced an Indigenous investment in the Coastal GasLink project, which is expected to bolster community relations and support for the project. Additionally, discussions around capacity expansion for Coastal GasLink could enhance the investment case for TC Energy, as the demand for natural gas continues to rise amid energy transition efforts.
Technical Picture
From a technical standpoint, TC Energy's stock is currently trading above its 50-day moving average of C$86.55, reflecting a 1.3% premium. The stock is at the high end of its 52-week range of C$66.63 to C$98.71, indicating it has utilized 66% of its price range over the past year. With a beta of 0.98, TC Energy exhibits lower volatility compared to the broader market. The latest trading volume of 8,671,865 shares exceeds the 20-day average of 7,112,924 shares, suggesting heightened interest among investors.
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