Targa Resources Corp. [TRGP] took an upward turn with a change of 0.68%, trading at the price of $36.76 during the trading session on Thursday. The price movement in correlation with percentage of the mentioned increase can allow a valuable insight to investors. During the last trading session 763292 shares changed hands being bought and sold, while Targa Resources Corp. shares have an average trading volume of 2.00M shares for that time period. TRGP monthly volatility recorded 2.35%, in the meanwhile having share price volatility for the week set at 2.99%. PS value for TRGP stocks is 0.98 with PB recorded at 1.60.
Targa Resources Corp. [NYSE:TRGP]: Analyst Rating and Earnings
Its stock price has been found in the range of 32.00 to 48.78. This is compared to its latest closing price of $36.51.
Keep your eyes on this company’s next financial results, which are scheduled to be made public on Thu 20 Feb (In 6 Days).
Fundamental Analysis of Targa Resources Corp. [TRGP]
Now let’s turn to look at profitability: with a current Operating Margin for Targa Resources Corp. [TRGP] sitting at +4.91 and its Gross Margin at +7.38, this company’s Net Margin is now -3.70%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is 3.93, and its Return on Invested Capital has reached 1.80%. Its Return on Equity is 0.03, and its Return on Assets is 0.01. These metrics suggest that this Targa Resources Corp. does a poor job of managing its assets, and likely won’t be able to provide successful business outcomes for its investors in the near term.
Turning to investigate this organization’s capital structure, Targa Resources Corp. [TRGP] has generated a Total Debt to Total Equity ratio of 105.30. Similarly, its Total Debt to Total Capital is 51.29, while its Total Debt to Total Assets stands at 37.80. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 1.70, and its Long-Term Debt to Total Capital is 92.65.
What about valuation? This company’s Enterprise Value to EBITDA is 11.07 and its Total Debt to EBITDA Value is 4.98. The Enterprise Value to Sales for this firm is now 1.68, and its Total Debt to Enterprise Value stands at 0.42. Targa Resources Corp. [TRGP] has a Price to Book Ratio of 1.37, a Price to Cash Flow Ratio of 7.06.
Shifting the focus to workforce efficiency, Targa Resources Corp. [TRGP] earns $4,290,610 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 12.47 and its Total Asset Turnover is 0.65. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 0.45 and its Current Ratio is 0.51. This company is not investing its short-term assets in an optimally efficient way, making it a riskier investment.
Targa Resources Corp. [TRGP] has 236.72M shares outstanding, amounting to a total market cap of $8.64B. Its stock price has been found in the range of 32.00 to 48.78. At its current price, it has moved down by -24.64% from its 52-week high, and it has moved up 14.87% from its 52-week low.
This stock’s Beta value is currently 1.66, which indicates that it is 2.99% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 44.38. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Targa Resources Corp. [TRGP] a Reliable Buy?
Targa Resources Corp. [TRGP] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.