Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Targa Resources Corp (NYSE: TRGP) closed at $202.37 up 1.57% from its previous closing price of $199.24. In other words, the price has increased by $1.57 from its previous closing price. On the day, 1.61 million shares were traded. TRGP stock price reached its highest trading level at $203.27 during the session, while it also had its lowest trading level at $199.13.
Ratios:
For a deeper understanding of Targa Resources Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 218.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 137.65. For the most recent quarter (mrq), Quick Ratio is recorded 0.61 and its Current Ratio is at 0.77. In the meantime, Its Debt-to-Equity ratio is 5.57 whereas as Long-Term Debt/Eq ratio is at 5.32.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 02 ’24 when Muraro Robert sold 2,500 shares for $202.29 per share. The transaction valued at 505,736 led to the insider holds 171,951 shares of the business.
Muraro Robert bought 2,500 shares of TRGP for $510,750 on Dec 02 ’24. On Nov 15 ’24, another insider, Boushka Julie H., who serves as the Senior VP and CAO of the company, sold 10,000 shares for $190.52 each. As a result, the insider received 1,905,214 and left with 25,143 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 44129411072 and an Enterprise Value of 60222492672. As of this moment, Targa’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.46, and their Forward P/E ratio for the next fiscal year is 25.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.70 while its Price-to-Book (P/B) ratio in mrq is 17.17. Its current Enterprise Value per Revenue stands at 3.714 whereas that against EBITDA is 14.974.
Stock Price History:
The Beta on a monthly basis for TRGP is 2.29, which has changed by 1.3819444 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, TRGP has reached a high of $218.51, while it has fallen to a 52-week low of $84.33. The 50-Day Moving Average of the stock is 4.44%, while the 200-Day Moving Average is calculated to be 33.34%.
Shares Statistics:
For the past three months, TRGP has traded an average of 1.70M shares per day and 1634580 over the past ten days. A total of 218.33M shares are outstanding, with a floating share count of 214.12M. Insiders hold about 1.81% of the company’s shares, while institutions hold 90.94% stake in the company. Shares short for TRGP as of 1736899200 were 4452802 with a Short Ratio of 2.62, compared to 1734048000 on 3765523. Therefore, it implies a Short% of Shares Outstanding of 4452802 and a Short% of Float of 2.3699999.
Dividends & Splits
According to the company, the forward annual dividend rate for TRGP is 2.75, from 2.75 in the trailing year. Against a Trailing Annual Dividend Yield of 0.013802449The stock’s 5-year Average Dividend Yield is 4.27.
