Targa Resources Corp (NYSE: TRGP) has experienced a decline in its stock price by -7.98 compared to its previous closing price of 205.72. However, the company has seen a fall of -4.88% in its stock price over the last five trading days. seekingalpha.com reported 2025-03-21 that Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa’s stock price is up over 50% in less than a year, but the company has good growth projects underway.
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 32.90x. The 36-month beta value for TRGP is also noteworthy at 1.19. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 6 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for TRGP is 214.38M, and at present, short sellers hold a 1.92% of that float. The average trading volume of TRGP on April 03, 2025 was 1.63M shares.
TRGP’s Market Performance
The stock of Targa Resources Corp (TRGP) has seen a -4.88% decrease in the past week, with a 1.34% rise in the past month, and a 6.05% gain in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 3.09% for TRGP. The simple moving average for the past 20 days is -2.83% for TRGP’s stock, with a 10.94% simple moving average for the past 200 days.
Analysts’ Opinion of TRGP
Many brokerage firms have already submitted their reports for TRGP stocks, with Scotiabank repeating the rating for TRGP by listing it as a “Sector Outperform.” The predicted price for TRGP in the upcoming period, according to Scotiabank is $218 based on the research report published on January 10, 2025 of the current year 2025.
BofA Securities, on the other hand, stated in their research note that they expect to see TRGP reach a price target of $182. The rating they have provided for TRGP stocks is “Buy” according to the report published on October 17th, 2024.
Goldman gave a rating of “Buy” to TRGP, setting the target price at $101 in the report published on October 06th of the previous year.
TRGP Trading at -4.56% 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 -13.37% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +2.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.80% lower at present.
During the last 5 trading sessions, TRGP fell by -6.37%, which changed the moving average for the period of 200-days by +56.59% in comparison to the 20-day moving average, which settled at $194.67. In addition, Targa Resources Corp saw 6.05% 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 proposed sale 5,000 shares at the price of $204.94 back on Mar 24 ’25. After this action, Boushka Julie H. now owns shares of Targa Resources Corp, valued at $1,024,716 using the latest closing price.
Cooksen Lindsey, the Director of Targa Resources Corp, sale 1,050 shares at $198.14 during a trade that took place back on Feb 28 ’25, which means that Cooksen Lindsey is holding 11,075 shares at $208,042 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
- 0.21 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 47.62, with 5.52 for asset returns.
Based on Targa Resources Corp (TRGP), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 5.5. The interest coverage ratio of the stock is 3.63.
Currently, EBITDA for the company is 4.13 billion with net debt to EBITDA at 3.42. When we switch over and look at the enterprise to sales, we see a ratio of 3.36. The receivables turnover for the company is 10.18for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
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’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.
