Targa Resources is an oil & gas midstream business based in the US. Targa Resources shares (TRGP.US) are listed on the NYSE and all prices are listed in US dollars. Its last market close was $112.23 – a decrease of 1.61% over the previous day. Targa Resources employs 3,182 staff and has a trailing 12-month revenue of around $16.1 billion.
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Over the last 12 months, Targa Resources's shares have ranged in value from as little as $66.1557 up to $117.61. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Targa Resources's is 2.218. This would suggest that Targa Resources's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $112.23
| 1 week (2024-04-11) | -2.14% |
|---|---|
| 1 month (2024-03-18) | 2.86% |
| 3 months (2024-01-18) | 36.05% |
| 6 months (2023-10-18) | 27.96% |
| 1 year (2023-04-18) | 47.23% |
| 2 years (2022-04-18) | 41.97% |
| 3 years (2021-04-18) | 240.30% |
| 5 years (2019-04-17) | 185.28% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Targa Resources P/E ratio, PEG ratio and EBITDA
Targa Resources's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, Targa Resources stocks trade at around 31x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Targa Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.3987. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Targa Resources's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Targa Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $4 billion.
The EBITDA is a measure of a Targa Resources's overall financial performance and is widely used to measure a its profitability.
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