Targa Resources Corp (NYSE: TRGP) kicked off on Monday, down -3.81% from the previous trading day, before settling in for the closing price of $194.34. Over the past 52 weeks, TRGP has traded in a range of $81.03-$209.87.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 16.60%. While this was happening, its average annual earnings per share was recorded 60.86%. With a float of $214.43 million, this company’s outstanding shares have now reached $218.33 million.
The extent of productivity of a business whose workforce counts for 3182 workers is very important to gauge. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Midstream Industry. The insider ownership of Targa Resources Corp is 1.67%, while institutional ownership is 91.35%. The most recent insider transaction that took place on Dec 02 ’24, was worth 505,736. In this transaction Chief Commercial Officer of this company sold 2,500 shares at a rate of $202.29, taking the stock ownership to the 171,951 shares. Before that another transaction happened on Dec 02 ’24, when Company’s Officer proposed sale 2,500 for $204.30, making the entire transaction worth $510,750.
Targa Resources Corp (TRGP) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.82 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 60.86% per share during the next fiscal year.
Targa Resources Corp (NYSE: TRGP) Trading Performance Indicators
Take a look at Targa Resources Corp’s (TRGP) current performance indicators. Last quarter, stock had a quick ratio of 0.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.45. Likewise, its price to free cash flow for the trailing twelve months is 124.59.
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 7.81 in one year’s time.
Technical Analysis of Targa Resources Corp (TRGP)
The latest stats from [Targa Resources Corp, TRGP] show that its last 5-days average volume of 1.61 million was inferior to 1.65 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 15.00%. Additionally, its Average True Range was 5.32.
During the past 100 days, Targa Resources Corp’s (TRGP) raw stochastic average was set at 73.73%, which indicates a significant increase from 2.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.31% in the past 14 days, which was higher than the 28.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $178.49, while its 200-day Moving Average is $138.43. Now, the first resistance to watch is $192.99. This is followed by the second major resistance level at $199.05. The third major resistance level sits at $202.34. If the price goes on to break the first support level at $183.64, it is likely to go to the next support level at $180.35. The third support level lies at $174.29 if the price breaches the second support level.
Targa Resources Corp (NYSE: TRGP) Key Stats
The company with the Market Capitalisation of 39.94 billion has total of 218,063K Shares Outstanding. Its annual sales at the moment are 16,060 M in contrast with the sum of 828,200 K annual income. Company’s last quarter sales were recorded 3,852 M and last quarter income was 384,500 K.
