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Targa Resources Corp (NYSE: TRGP) closed the day trading at $148.01 up 0.82% from the previous closing price of $146.80. In other words, the price has increased by $0.82 from its previous closing price. On the day, 1.99 million shares were traded. TRGP stock price reached its highest trading level at $148.16 during the session, while it also had its lowest trading level at $145.54.
Ratios:
For a better understanding of TRGP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 141.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 76.46. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 5.53 whereas as Long-Term Debt/Eq ratio is at 5.29.
On March 02, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $115.
On December 09, 2022, Citigroup started tracking the stock assigning a Buy rating and target price of $95.Citigroup initiated its Buy rating on December 09, 2022, with a $95 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 24 ’24 when Perkins Joe Bob sold 150,000 shares for $155.53 per share. The transaction valued at 23,329,500 led to the insider holds 110,470 shares of the business.
Muraro Robert sold 2,500 shares of TRGP for $365,504 on Sep 03 ’24. The Chief Commercial Officer now owns 174,451 shares after completing the transaction at $146.20 per share. On Aug 15 ’24, another insider, Davis Waters S IV, who serves as the Director of the company, sold 3,597 shares for $142.43 each. As a result, the insider received 512,308 and left with 5,878 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRGP now has a Market Capitalization of 32426029056 and an Enterprise Value of 47787790336. As of this moment, Targa’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.03, and their Forward P/E ratio for the next fiscal year is 20.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 13.15. Its current Enterprise Value per Revenue stands at 2.939 whereas that against EBITDA is 12.659.
Stock Price History:
Over the past 52 weeks, TRGP has reached a high of $157.68, while it has fallen to a 52-week low of $77.97. The 50-Day Moving Average of the stock is 3.88%, while the 200-Day Moving Average is calculated to be 28.09%.
Shares Statistics:
Over the past 3-months, TRGP traded about 1.68M shares per day on average, while over the past 10 days, TRGP traded about 2011670 shares per day. A total of 222.61M shares are outstanding, with a floating share count of 215.40M. Insiders hold about 1.68% of the company’s shares, while institutions hold 92.20% stake in the company. Shares short for TRGP as of 1726185600 were 3319074 with a Short Ratio of 1.98, compared to 1723680000 on 3297001. Therefore, it implies a Short% of Shares Outstanding of 3319074 and a Short% of Float of 1.76.
Dividends & Splits
TRGP’s forward annual dividend rate is 2.50, up from 2.5 a year ago. Against a Trailing Annual Dividend Yield of 0.017029973The stock’s 5-year Average Dividend Yield is 4.79.
