Targa Resources Corp (NYSE: TRGP) is -4.26% lower on its value in year-to-date trading and has touched a low of $110.09 and a high of $218.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TRGP stock was last observed hovering at around $178.11 in the last trading session, with the day’s loss setting it -7.21%.
Currently trading at $170.90, the stock is -0.75% and -8.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.17 million and changing -4.05% at the moment leaves the stock -1.90% off its SMA200. TRGP registered 46.24% gain for a year compared to 6-month gain of 2.98%. The firm has a 50-day simple moving average (SMA 50) of $186.0858 and a 200-day simple moving average (SMA200) of $174.2141.
The stock witnessed a -14.75% loss in the last 1 month and extending the period to 3 months gives it a -15.75%, and is -0.84% 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 2.64% over the week and 5.68% over the month.
Targa Resources Corp (TRGP) has around 3370 employees, a market worth around $37.19B and $16.63B in sales. Current P/E ratio is 29.70 and Fwd P/E is 17.73. Profit margin for the company is 7.64%. Distance from 52-week low is 55.24% and -21.79% from its 52-week high. The company has generated returns on investments over the last 12 months (7.71%).
with sales reaching $4.9B over the same period.The EPS is expected to grow by 41.70% this year, but quarterly earnings will post 37.59% year-over-year. Quarterly sales are estimated to grow 7.37% in year-over-year returns.
1327.0 institutions hold shares in Targa Resources Corp (TRGP), with institutional investors hold 94.27% of the company’s shares. The shares outstanding are 217.76M, and float is at 213.86M with Short Float at 2.02%. Institutions hold 92.94% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.9 million shares valued at $3.46 billion. The investor’s holdings represent 12.17 of the TRGP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.64 million shares valued at $2.66 billion to account for 9.3394 of the shares outstanding. The other top investors are STATE STREET CORP which holds 14.64 million shares representing 6.6262 and valued at over $1.89 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 6.5489 of the shares totaling 14.47 million with a market value of $1.86 billion.
Targa Resources Corp (TRGP) Insider Activity
Targa Resources Corp disclosed in a document filed with the SEC on Feb 28 ’25 that Cooksen Lindsey (Director) sold a total of 1,050 shares of the company’s common stock. The trade occurred on Feb 28 ’25 and was made at $198.14 per share for $0.21 million. Following the transaction, the insider now directly holds 11075.0 shares of the TRGP stock.
Still, SEC filings show that on Feb 28 ’25, Chung Paul W (Director) disposed off 6,222 shares at an average price of $202.91 for $1.26 million. The insider now directly holds 35,920 shares of Targa Resources Corp (TRGP).
