Targa Resources Corp (NYSE: TRGP) is -11.87% lower on its value in year-to-date trading and has touched a low of $112.05 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 $158.25 in the last trading session, with the day’s loss setting it -0.93%.
Currently trading at $157.32, the stock is -6.65% and -13.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.91 million and changing -0.59% at the moment leaves the stock -9.96% off its SMA200. TRGP registered 39.23% gain for a year compared to 6-month loss of -5.77%.
The stock witnessed a -2.40% gain in the last 1 month and extending the period to 3 months gives it a -21.27%, and is -11.67% 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 3.99% over the week and 5.21% over the month.
Targa Resources Corp (TRGP) has around 3370 employees, a market worth around $34.13B and $16.88B in sales. Current P/E ratio is 28.91 and Fwd P/E is 16.41. Profit margin for the company is 7.08%. Distance from 52-week low is 40.40% and -28.00% from its 52-week high. The company has generated returns on investments over the last 12 months (6.64%).
with sales reaching $4.45B over the same period.The EPS is expected to grow by 37.09% this year, but quarterly earnings will post 28.08% year-over-year. Quarterly sales are estimated to grow 24.97% in year-over-year returns.
Targa Resources Corp (TRGP) Top Institutional Holders
The shares outstanding are 217.46M, and float is at 213.22M with Short Float at 2.02%.
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).
