On Tuesday, Targa Resources Corp (NYSE: TRGP) was -0.24% down from the session before settling in for the closing price of $114.34. A 52-week range for TRGP has been $67.36 – $117.61.
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Annual sales at Energy sector company grew by 16.60% over the past five years. When this article was written, the company’s average yearly earnings per share was at 48.71%. With a float of $218.12 million, this company’s outstanding shares have now reached $222.61 million.
Let’s look at the performance matrix of the company that is accounted for 3182 employees.
Targa Resources Corp (TRGP) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Targa Resources Corp stocks. The insider ownership of Targa Resources Corp is 1.99%, while institutional ownership is 93.07%. The most recent insider transaction that took place on Mar 05 ’24, was worth 1,009,600. In this transaction Senior VP and CAO of this company sold 10,000 shares at a rate of $100.96, taking the stock ownership to the 59,919 shares. Before that another transaction happened on Feb 26 ’24, when Company’s insider sold 10,000 for $97.00, making the entire transaction worth $970,007. This insider now owns 156,098 shares in total.
Targa Resources Corp (TRGP) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 48.71% per share during the next fiscal year.
Targa Resources Corp (NYSE: TRGP) Trading Performance Indicators
You can see what Targa Resources Corp (TRGP) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.63. Likewise, its price to free cash flow for the trailing twelve months is 30.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.68, a number that is poised to hit 1.31 in the next quarter and is forecasted to reach 6.83 in one year’s time.
Technical Analysis of Targa Resources Corp (TRGP)
Targa Resources Corp (NYSE: TRGP) saw its 5-day average volume 2.17 million, a positive change from its year-to-date volume of 1.75 million. As of the previous 9 days, the stock’s Stochastic %D was 33.93%. Additionally, its Average True Range was 2.14.
During the past 100 days, Targa Resources Corp’s (TRGP) raw stochastic average was set at 90.32%, which indicates a significant increase from 51.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.44% in the past 14 days, which was lower than the 19.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $103.62, while its 200-day Moving Average is $89.18. Nevertheless, the first resistance level for the watch stands at $115.18 in the near term. At $116.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $117.52. If the price goes on to break the first support level at $112.84, it is likely to go to the next support level at $111.61. Assuming the price breaks the second support level, the third support level stands at $110.50.
Targa Resources Corp (NYSE: TRGP) Key Stats
There are 222,535K outstanding shares of the company, which has a market capitalization of 25.38 billion. As of now, sales total 16,060 M while income totals 828,200 K. Its latest quarter income was 4,240 M while its last quarter net income were 274,800 K.
