Targa Resources Corp. (NYSE:TRGP) went up by 1.97% from its latest closing price compared to the recent 1-year high of $81.50. The company’s stock price has collected 0.29% of gains in the last five trading sessions.
Is It Worth Investing in Targa Resources Corp. (NYSE :TRGP) Right Now?
Targa Resources Corp. (NYSE:TRGP) scored a price-to-earnings ratio above its average ratio, recording 72.27 x from its present earnings ratio. Plus, the 36-month beta value for TRGP is at 2.32.
TRGP currently public float of 222.93M and currently shorts hold a 2.01% ratio of that float. Today, the average trading volume of TRGP was 1.54M shares.
TRGP’s Market Performance
TRGP stocks went up by 0.29% for the week, with a monthly jump of 6.80% and a quarterly performance of 11.51%, while its annual performance rate touched 30.37%. The volatility ratio for the week stands at 2.50% while the volatility levels for the past 30 days are set at 2.83% for Targa Resources Corp. The simple moving average for the period of the last 20 days is 2.77% for TRGP stocks with a simple moving average of 8.03% for the last 200 days.
Analysts’ Opinion of TRGP
Many brokerage firms have already submitted their reports for TRGP stocks, with Citigroup repeating the rating for TRGP by listing it as a “Buy.” The predicted price for TRGP in the upcoming period, according to Citigroup is $95 based on the research report published on December 09th of the previous year 2022.
Goldman, on the other hand, stated in their research note that they expect to see TRGP reach a price target of $93. The rating they have provided for TRGP stocks is “Buy” according to the report published on September 08th, 2022.
Truist gave a rating of “Buy” to TRGP, setting the target price at $78 in the report published on May 02nd of the previous year.
TRGP Trading at 3.65% from the 50-Day Moving Average
After a stumble in the market that brought TRGP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.13% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +8.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.39% upper at present.
During the last 5 trading sessions, TRGP rose by +0.29%, which changed the moving average for the period of 200-days by -3.19% in comparison to the 20-day moving average, which settled at $73.14. In addition, Targa Resources Corp. saw 1.86% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at TRGP starting from Chung Paul W, who sale 100 shares at the price of $76.00 back on Dec 05. After this action, Chung Paul W now owns 218,412 shares of Targa Resources Corp., valued at $7,600 using the latest closing price.
Muraro Robert, the Chief Commercial Officer of Targa Resources Corp., sale 5,000 shares at $74.95 during a trade that took place back on Dec 05, which means that Muraro Robert is holding 176,947 shares at $374,766 based on the most recent closing price.
Stock Fundamentals for TRGP
Equity return is now at value 11.90, with 1.50 for asset returns.