Targa Resources Corp (NYSE: TRGP)’s stock price has gone decline by -3.01 in comparison to its previous close of 207.31, however, the company has experienced a 1.04% increase in its stock price over the last five trading days. fool.com reported 2024-11-21 that 3 No-Brainer Energy Stocks to Buy With $1,000 Right Now
Is It Worth Investing in Targa Resources Corp (NYSE: TRGP) Right Now?
The price-to-earnings ratio for Targa Resources Corp (NYSE: TRGP) is 36.22x, which is above its average ratio. Moreover, the 36-month beta value for TRGP is 2.28. Analysts have varying opinions on the stock, with 14 analysts rating it as a “buy,” 7 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for TRGP is 214.42M and currently, short sellers hold a 1.63% of that float. On November 26, 2024, TRGP’s average trading volume was 1.69M shares.
TRGP’s Market Performance
TRGP stock saw an increase of 1.04% in the past week, with a monthly gain of 21.15% and a quarterly increase of 38.54%. The volatility ratio for the week is 2.84%, and the volatility levels for the last 30 days are 2.57% for Targa Resources Corp (TRGP). The simple moving average for the last 20 days is 6.74% for TRGP’s stock, with a simple moving average of 50.29% for the last 200 days.
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 18.02% 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 -4.20% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares surge +22.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.51% upper at present.
During the last 5 trading sessions, TRGP rose by +1.04%, which changed the moving average for the period of 200-days by +130.86% in comparison to the 20-day moving average, which settled at $188.37. In addition, Targa Resources Corp saw 131.45% 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 3.54.
Currently, EBITDA for the company is 3.97 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 3.56. 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
To wrap up, the performance of Targa Resources Corp (TRGP) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
