The stock of Targa Resources Corp (TRGP) has gone up by 4.77% for the week, with a 25.89% rise in the past month and a 43.05% rise in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are 2.59% for TRGP. The simple moving average for the last 20 days is 12.67% for TRGP stock, with a simple moving average of 54.90% for the last 200 days.
Is It Worth Investing in Targa Resources Corp (NYSE: TRGP) Right Now?
The price-to-earnings ratio for Targa Resources Corp (NYSE: TRGP) is above average at 36.68x. The 36-month beta value for TRGP is also noteworthy at 2.27. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 7 rating it as “overweight,” 8 rating it as “hold,” and 1 rating it as “sell.”
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The public float for TRGP is 214.41M, and at present, short sellers hold a 1.63% of that float. The average trading volume of TRGP on November 20, 2024 was 1.67M shares.
TRGP) stock’s latest price update
Targa Resources Corp (NYSE: TRGP)’s stock price has increased by 2.30 compared to its previous closing price of 199.00. However, the company has seen a 4.77% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-19 that Does Targa Resources, Inc. (TRGP) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Analysts’ Opinion of TRGP
Many brokerage firms have already submitted their reports for TRGP stocks, with BofA Securities repeating the rating for TRGP by listing it as a “Buy.” The predicted price for TRGP in the upcoming period, according to BofA Securities is $182 based on the research report published on October 17, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see TRGP reach a price target of $101. The rating they have provided for TRGP stocks is “Buy” according to the report published on October 06th, 2023.
Scotiabank gave a rating of “Sector Outperform” to TRGP, setting the target price at $115 in the report published on March 02nd of the previous year.
TRGP Trading at 22.78% 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 able to rebound, for now settling with 1.91% of gains for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +23.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.19% upper at present.
During the last 5 trading sessions, TRGP rose by +4.77%, which changed the moving average for the period of 200-days by +137.90% in comparison to the 20-day moving average, which settled at $180.68. In addition, Targa Resources Corp saw 134.34% 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 $190.52 back on Nov 15 ’24. After this action, Boushka Julie H. now owns 25,143 shares of Targa Resources Corp, valued at $1,905,214 using the latest closing price.
Boushka Julie H., the Officer of Targa Resources Corp, proposed sale 2,500 shares at $190.34 during a trade that took place back on Nov 15 ’24, which means that Boushka Julie H. is holding shares at $475,856 based on the most recent closing price.
Stock Fundamentals for TRGP
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.19 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 48.48, with 5.85 for asset returns.
Based on Targa Resources Corp (TRGP), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 5.45. The interest coverage ratio of the stock is 3.48.
Currently, EBITDA for the company is 3.96 billion with net debt to EBITDA at 3.53. When we switch over and look at the enterprise to sales, we see a ratio of 3.6. The receivables turnover for the company is 12.53for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
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.
