Targa Resources Corp (NYSE: TRGP) on Monday, plunged -3.01% from the previous trading day, before settling in for the closing price of $207.31. Within the past 52 weeks, TRGP’s price has moved between $81.03 and $209.87.
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Energy Sector giant saw their annual sales surged by 16.60% over the last five years. The company achieved an average annual earnings per share of 59.46%. With a float of $214.42 million, this company’s outstanding shares have now reached $222.61 million.
The firm has a total of 3182 workers. Let’s measure their productivity. In terms of profitability, gross margin is 18.99%, operating margin of 16.65%, and the pretax margin is 11.5%.
Targa Resources Corp (TRGP) Insider Activity
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Targa Resources Corp is 1.67%, while institutional ownership is 91.31%. The most recent insider transaction that took place on Nov 15 ’24, was worth 1,905,214. In this transaction Senior VP and CAO of this company sold 10,000 shares at a rate of $190.52, taking the stock ownership to the 25,143 shares. Before that another transaction happened on Nov 15 ’24, when Company’s Officer proposed sale 2,500 for $190.34, making the entire transaction worth $475,856.
Targa Resources Corp (TRGP) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.5 earnings per share (EPS) for the period topping the consensus outlook (set at 1.43) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.88 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.46% per share during the next fiscal year.
Targa Resources Corp (NYSE: TRGP) Trading Performance Indicators
Targa Resources Corp (TRGP) is currently performing well based on its current performance indicators. A quick ratio of 0.61 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.68. Likewise, its price to free cash flow for the trailing twelve months is 136.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.55, a number that is poised to hit 1.87 in the next quarter and is forecasted to reach 7.84 in one year’s time.
Technical Analysis of Targa Resources Corp (TRGP)
Analysing the last 5-days average volume posted by the [Targa Resources Corp, TRGP], we can find that recorded value of 2.03 million was better than the volume posted last year of 1.66 million. As of the previous 9 days, the stock’s Stochastic %D was 81.45%. Additionally, its Average True Range was 4.98.
During the past 100 days, Targa Resources Corp’s (TRGP) raw stochastic average was set at 89.91%, which indicates a significant increase from 68.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.08% in the past 14 days, which was higher than the 26.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $170.37, while its 200-day Moving Average is $133.78. Now, the first resistance to watch is $206.80. This is followed by the second major resistance level at $212.54. The third major resistance level sits at $216.07. If the price goes on to break the first support level at $197.53, it is likely to go to the next support level at $194.00. Should the price break the second support level, the third support level stands at $188.26.
Targa Resources Corp (NYSE: TRGP) Key Stats
Market capitalization of the company is 43.76 billion based on 218,063K outstanding shares. Right now, sales total 16,060 M and income totals 828,200 K. The company made 3,852 M in profit during its latest quarter, and 384,500 K in sales during its previous quarter.
