Targa Resources Corp (NYSE: TRGP) is -6.90% lower on its value in year-to-date trading and has touched a low of $112.26 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 $159.56 in the last trading session, with the day’s gains setting it 6.63%.
Currently trading at $166.19, the stock is -0.93% and -7.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing 4.16% at the moment leaves the stock -5.16% off its SMA200. TRGP registered 47.79% gain for a year compared to 6-month loss of -10.67%.
The stock witnessed a 2.31% gain in the last 1 month and extending the period to 3 months gives it a -19.31%, and is 5.02% up 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 2.97% over the week and 3.55% over the month.
Targa Resources Corp (TRGP) has around 3370 employees, a market worth around $36.05B and $16.88B in sales. Current P/E ratio is 30.54 and Fwd P/E is 17.64. Profit margin for the company is 7.08%. Distance from 52-week low is 48.03% and -23.94% 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 34.86% 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 213.51M with Short Float at 2.00%.
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
The most recent transaction is an insider sale by Pryor D. Scott. SEC filings show that Pryor D. Scott sold 20,000 shares of the company’s common stock on May 08 ’25 at a price of $161.64 per share for a total of $3.23 million. Following the sale, the insider now owns 62139.0 shares.
Still, SEC filings show that on May 08 ’25, Pryor D. Scott (Officer) Proposed Sale 20,000 shares at an average price of $161.75 for $3.23 million. The insider now directly holds shares of Targa Resources Corp (TRGP).
