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Targa Resources Corp (NYSE: TRGP) closed the day trading at $112.83 up 0.03% from the previous closing price of $112.80. In other words, the price has increased by $0.03 from its previous closing price. On the day, 1.05 million shares were traded. TRGP stock price reached its highest trading level at $113.52 during the session, while it also had its lowest trading level at $112.535.
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 137.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.86. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 4.86 whereas as Long-Term Debt/Eq ratio is at 4.65.
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 Mar 05 ’24 when Boushka Julie H. sold 10,000 shares for $100.96 per share. The transaction valued at 1,009,600 led to the insider holds 59,919 shares of the business.
Pryor D. Scott sold 10,000 shares of TRGP for $970,007 on Feb 26 ’24. The insider now owns 156,098 shares after completing the transaction at $97.00 per share. On Feb 23 ’24, another insider, Muraro Robert, who serves as the Chief Commercial Officer of the company, sold 10,000 shares for $97.31 each. As a result, the insider received 973,080 and left with 219,451 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 25016328192 and an Enterprise Value of 39912673280. As of this moment, Targa’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.16, and their Forward P/E ratio for the next fiscal year is 16.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 9.27. Its current Enterprise Value per Revenue stands at 2.479 whereas that against EBITDA is 10.559.
Stock Price History:
Over the past 52 weeks, TRGP has reached a high of $117.87, while it has fallen to a 52-week low of $67.36. The 50-Day Moving Average of the stock is 2.53%, while the 200-Day Moving Average is calculated to be 23.00%.
Shares Statistics:
Over the past 3-months, TRGP traded about 1.82M shares per day on average, while over the past 10 days, TRGP traded about 1642670 shares per day. A total of 222.61M shares are outstanding, with a floating share count of 217.31M. Insiders hold about 1.99% of the company’s shares, while institutions hold 93.19% stake in the company. Shares short for TRGP as of 1713139200 were 3986856 with a Short Ratio of 2.19, compared to 1710460800 on 4320294. Therefore, it implies a Short% of Shares Outstanding of 3986856 and a Short% of Float of 2.07.
Dividends & Splits
TRGP’s forward annual dividend rate is 2.25, up from 2.25 a year ago. Against a Trailing Annual Dividend Yield of 0.019946808The stock’s 5-year Average Dividend Yield is 5.31.
