Ratios Revealed: Decoding Targa Resources Corp (TRGP)’s Financial Health

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The closing price of Targa Resources Corp (NYSE: TRGP) was $126.32 for the day, up 2.33% from the previous closing price of $123.44. In other words, the price has increased by $2.33 from its previous closing price. On the day, 2.15 million shares were traded. TRGP stock price reached its highest trading level at $126.57 during the session, while it also had its lowest trading level at $123.46.

Ratios:

Our analysis of TRGP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 153.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 82.69. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 10 ’24 when Muraro Robert sold 10,000 shares for $120.08 per share. The transaction valued at 1,200,811 led to the insider holds 196,951 shares of the business.

Muraro Robert sold 12,500 shares of TRGP for $1,457,923 on Jun 03 ’24. The Chief Commercial Officer now owns 206,951 shares after completing the transaction at $116.63 per share. On May 13 ’24, another insider, Pryor D. Scott, who serves as the insider of the company, sold 20,000 shares for $113.13 each. As a result, the insider received 2,262,690 and left with 136,098 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 28007290880 and an Enterprise Value of 42903629824. As of this moment, Targa’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.93, and their Forward P/E ratio for the next fiscal year is 18.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 10.38. Its current Enterprise Value per Revenue stands at 2.664 whereas that against EBITDA is 11.35.

Stock Price History:

The Beta on a monthly basis for TRGP is 2.25, which has changed by 0.8066362 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, TRGP has reached a high of $123.79, while it has fallen to a 52-week low of $69.86. The 50-Day Moving Average of the stock is 9.00%, while the 200-Day Moving Average is calculated to be 30.53%.

Shares Statistics:

TRGP traded an average of 1.53M shares per day over the past three months and 1426570 shares per day over the past ten days. A total of 222.61M shares are outstanding, with a floating share count of 217.81M. Insiders hold about 1.76% of the company’s shares, while institutions hold 92.78% stake in the company. Shares short for TRGP as of 1715731200 were 4182077 with a Short Ratio of 2.70, compared to 1713139200 on 3986856. Therefore, it implies a Short% of Shares Outstanding of 4182077 and a Short% of Float of 2.18.

Dividends & Splits

With its trailing 12-month dividend rate of 2.25, TRGP has a forward annual dividend rate of 2.25. Against a Trailing Annual Dividend Yield of 0.018227478The stock’s 5-year Average Dividend Yield is 5.18.

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