The price-to-earnings ratio for Targa Resources Corp (NYSE: TRGP) is above average at 31.01x. The 36-month beta value for TRGP is also noteworthy at 2.19. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 6 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for TRGP is 218.12M, and at present, short sellers hold a 1.73% of that float. The average trading volume of TRGP on April 17, 2024 was 1.77M shares.
TRGP) stock’s latest price update
Targa Resources Corp (NYSE: TRGP) has seen a decline in its stock price by -0.24 in relation to its previous close of 114.34. However, the company has experienced a -0.30% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that Investors may keep a tab on stocks like CSWI, TRGP, STZ, FUL and SKT, which have lately hiked their dividend payments.
TRGP’s Market Performance
Targa Resources Corp (TRGP) has experienced a -0.30% fall in stock performance for the past week, with a 7.64% rise in the past month, and a 38.22% rise in the past quarter. The volatility ratio for the week is 2.35%, and the volatility levels for the past 30 days are at 1.76% for TRGP. The simple moving average for the last 20 days is 1.21% for TRGP stock, with a simple moving average of 28.19% for the last 200 days.
Analysts’ Opinion of TRGP
Many brokerage firms have already submitted their reports for TRGP stocks, with Goldman repeating the rating for TRGP by listing it as a “Buy.” The predicted price for TRGP in the upcoming period, according to Goldman is $101 based on the research report published on October 06, 2023 of the previous year 2023.
Scotiabank, on the other hand, stated in their research note that they expect to see TRGP reach a price target of $115. The rating they have provided for TRGP stocks is “Sector Outperform” according to the report published on March 02nd, 2023.
Citigroup gave a rating of “Buy” to TRGP, setting the target price at $95 in the report published on December 09th of the previous year.
TRGP Trading at 10.69% 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 -3.01% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares surge +6.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.67% upper at present.
During the last 5 trading sessions, TRGP fell by -0.30%, which changed the moving average for the period of 200-days by +51.67% in comparison to the 20-day moving average, which settled at $113.04. In addition, Targa Resources Corp saw 31.31% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TRGP starting from Boushka Julie H., who sale 10,000 shares at the price of $100.96 back on Mar 05 ’24. After this action, Boushka Julie H. now owns 59,919 shares of Targa Resources Corp, valued at $1,009,600 using the latest closing price.
Pryor D. Scott, the of Targa Resources Corp, sale 10,000 shares at $97.00 during a trade that took place back on Feb 26 ’24, which means that Pryor D. Scott is holding 156,098 shares at $970,007 based on the most recent closing price.
Stock Fundamentals for TRGP
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.24 for the gross margin
The net margin for Targa Resources Corp stands at 0.08. The total capital return value is set at 0.14. Equity return is now at value 30.62, with 3.84 for asset returns.
Based on Targa Resources Corp (TRGP), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 4.64. The interest coverage ratio of the stock is 7.2.
Currently, EBITDA for the company is 3.52 billion with net debt to EBITDA at 3.26. When we switch over and look at the enterprise to sales, we see a ratio of 2.38. The receivables turnover for the company is 10.91for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In summary, Targa Resources Corp (TRGP) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
