Scotiabank lifts estimate for TC Energy stock to USD 3.87
Published on 10/26/2026 at 17:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSScotiabank updates its view
- Scotiabank raised its fiscal 2026 earnings estimate to USD 3.87 from USD 3.81 on October 22, 2026.
- TC Energy reported CAD 3.96 billion in second-quarter 2026 revenue and CAD 0.94 adjusted earnings per share.
- TC Energy stock was trading at EUR 55.85 at Lang & Schwarz on October 26, 2026 at 5:56 p.m. CEST.
- The next results call is scheduled for November 5, 2026.
Scotiabank raised its fiscal 2026 earnings-per-share estimate for TC Energy to USD 3.87 from USD 3.81 in a report dated October 22, 2026, while maintaining a Sector Outperform rating and a USD 105.00 price target, according to MarketBeat. TC Energy was trading at EUR 55.85 at Lang & Schwarz on October 26, 2026 at 5:56 p.m. CEST.
Estimate rises above consensus
The revised USD 3.87 estimate is 9.01 percent above Scotiabank's earlier USD 3.81 forecast and 9.01 percent above the reported consensus estimate of USD 3.55. Scotiabank's target is stated in U.S. currency, so it is separate from the euro quotation used for the German investor view.
Second-quarter figures remain concrete
TC Energy's latest reported quarter delivered CAD 3.96 billion in revenue and CAD 0.94 in earnings per share, according to MarketBeat. The figures refer to the quarter reported on July 30, 2026. The same report lists a 22.46 percent net margin.
Price and valuation on October 26
On the NYSE, TC Energy was trading at USD 62.49 on October 26, 2026 at 12:56 p.m. EDT. The session range was USD 61.92 to USD 62.49, while the 52-week range was USD 49.27 to USD 71.47. Volume stood at 592,612 shares.
Market capitalization was USD 65.1 billion as of October 26, 2026, and the trailing P/E ratio was 26.33. The dividend yield was 4.00 percent. These market figures place the stock 12.56 percent below its 52-week high, calculated from the USD 62.49 price and USD 71.47 high.
November 5 brings the next date
TC Energy will discuss its third-quarter 2026 results and update its financial outlook during a conference call on November 5, 2026, the company said in a release dated October 16, 2026. The announcement also identifies the NYSE and Toronto Stock Exchange as the listing venues under ticker TRP, according to AP News.
What the estimate means for investors
The immediate issue is the gap between the revised earnings estimate and the broader USD 3.55 consensus, while the company prepares to report a new quarter. TC Energy's infrastructure model remains tied to regulated assets and long-term contracts, with the next results update providing the next dated test of those earnings expectations.
TC Energy stock stays below its yearly high
The euro quotation and the NYSE quotation represent different currencies and venues, so their levels are not combined into one daily percentage. The current euro price was trading at EUR 55.85 at Lang & Schwarz on October 26, 2026 at 5:56 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of TC Energy stock.
TC Energy market profile
- Company: TC Energy Corporation
- ISIN: CA87807B1076
- Ticker: TRP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 26, 2026, 5:56 p.m. CEST): EUR 55.85
- Market capitalization: USD 65.1 billion (as of October 26, 2026)
- 52-week range: USD 49.27-71.47 (as of October 26, 2026)
- Sector / Industry: Energy / Oil and Gas Midstream
- Dividend yield: 4.00 percent (as of October 26, 2026)
Market context: Market report S&P 500.
