In the past week, TRGP stock has gone down by -0.28%, with a monthly decline of -12.83% and a quarterly surge of 16.18%. The volatility ratio for the week is 3.30%, and the volatility levels for the last 30 days are 2.74% for Targa Resources Corp The simple moving average for the past 20 days is -3.94% for TRGP’s stock, with a 26.54% simple moving average for the past 200 days.
Is It Worth Investing in Targa Resources Corp (NYSE: TRGP) Right Now?
Targa Resources Corp (NYSE: TRGP) has a price-to-earnings ratio that is above its average at 32.56x. The stock has a 36-month beta value of 2.29. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for TRGP is 214.41M, and at present, short sellers hold a 1.76% of that float. On December 26, 2024, the average trading volume of TRGP was 1.78M shares.
TRGP) stock’s latest price update
The stock of Targa Resources Corp (NYSE: TRGP) has increased by 1.32 when compared to last closing price of 178.37. Despite this, the company has experienced a -0.28% fall in its stock price over the last five trading sessions. zacks.com reported 2024-12-25 that Targa Resources (TRGP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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 -1.47% 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 -13.89% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 3.30%, as shares sank -10.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.44% upper at present.
During the last 5 trading sessions, TRGP fell by -0.28%, which changed the moving average for the period of 200-days by +72.77% in comparison to the 20-day moving average, which settled at $188.13. In addition, Targa Resources Corp saw 108.03% 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 Muraro Robert, who sale 2,500 shares at the price of $202.29 back on Dec 02 ’24. After this action, Muraro Robert now owns 171,951 shares of Targa Resources Corp, valued at $505,736 using the latest closing price.
Muraro Robert, the Officer of Targa Resources Corp, proposed sale 2,500 shares at $204.30 during a trade that took place back on Dec 02 ’24, which means that Muraro Robert is holding shares at $510,750 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 3.29. 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 sum up, Targa Resources Corp (TRGP) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
