Targa Resources Corp (NYSE: TRGP) is 51.51% higher on its value in year-to-date trading and has touched a low of $77.97 and a high of $139.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRGP stock was last observed hovering at around $127.86 in the last trading session, with the day’s gains setting it 3.76%.
Currently trading at $131.62, the stock is -1.61% and 3.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.1 million and changing 2.94% at the moment leaves the stock 26.12% off its SMA200. TRGP registered 59.60% gain for a year compared to 6-month gain of 53.82%.
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The stock witnessed a -0.70% loss in the last 1 month and extending the period to 3 months gives it a 16.68%, and is -1.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.75% over the week and 2.18% over the month.
Targa Resources Corp (TRGP) has around 3182 employees, a market worth around $28.84B and $16.33B in sales. Current P/E ratio is 27.59 and Fwd P/E is 18.56. Profit margin for the company is 6.52%. Distance from 52-week low is 68.81% and -5.55% from its 52-week high. The company has generated returns on investments over the last 12 months (6.86%).
with sales reaching $4.75B over the same period.The EPS is expected to grow by 49.68% this year, but quarterly earnings will post 23.10% year-over-year. Quarterly sales are estimated to grow 3.40% in year-over-year returns.
Targa Resources Corp (TRGP) Top Institutional Holders
The shares outstanding are 222.61M, and float is at 215.23M with Short Float at 1.62%.
Targa Resources Corp (TRGP) Insider Activity
Targa Resources Corp disclosed in a document filed with the SEC on Jun 28 ’24 that Muraro Robert (Chief Commercial Officer) sold a total of 9,900 shares of the company’s common stock. The trade occurred on Jun 28 ’24 and was made at $130.31 per share for $1.29 million. Following the transaction, the insider now directly holds 0.19 million shares of the TRGP stock.
Still, SEC filings show that on Jun 26 ’24, Muraro Robert (Chief Commercial Officer) disposed off 100 shares at an average price of $130.00 for $13000.0. The insider now directly holds 196,851 shares of Targa Resources Corp (TRGP).
