Targa Resources Corp (NYSE: TRGP) on Friday, soared 0.35% from the previous trading day, before settling in for the closing price of $177.00. Within the past 52 weeks, TRGP’s price has moved between $110.09 and $218.51.
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A company in the Energy sector has jumped its sales by 21.79% annually for the last half of the decade. The company achieved an average annual earnings per share of 42.02%. With a float of $213.86 million, this company’s outstanding shares have now reached $217.76 million.
In an organization with 3370 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 21.11%, operating margin of 16.92%, and the pretax margin is 11.76%.
Targa Resources Corp (TRGP) Insider Updates
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Targa Resources Corp is 1.71%, while institutional ownership is 92.25%. The most recent insider transaction that took place on Mar 24 ’25, was worth 1,024,716. Before that another transaction happened on Feb 28 ’25, when Company’s Director sold 1,050 for $198.14, making the entire transaction worth $208,042. This insider now owns 11,075 shares in total.
Targa Resources Corp (TRGP) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 42.02% 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 0.62 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 2.32. Likewise, its price to free cash flow for the trailing twelve months is 56.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.75, a number that is poised to hit 1.98 in the next quarter and is forecasted to reach 9.72 in one year’s time.
Technical Analysis of Targa Resources Corp (TRGP)
Let’s dig in a bit further. During the last 5-days, its volume was 1.9 million. That was inferior than the volume of 1.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 83.79%. Additionally, its Average True Range was 9.07.
During the past 100 days, Targa Resources Corp’s (TRGP) raw stochastic average was set at 40.32%, which indicates a significant decrease from 94.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.49% in the past 14 days, which was higher than the 46.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $187.91, while its 200-day Moving Average is $173.58. However, in the short run, Targa Resources Corp’s stock first resistance to watch stands at $179.44. Second resistance stands at $181.25. The third major resistance level sits at $183.30. If the price goes on to break the first support level at $175.58, it is likely to go to the next support level at $173.53. Assuming the price breaks the second support level, the third support level stands at $171.72.
Targa Resources Corp (NYSE: TRGP) Key Stats
Market capitalization of the company is 38.65 billion based on 217,585K outstanding shares. Right now, sales total 16,382 M and income totals 1,279 M. The company made 4,405 M in profit during its latest quarter, and 323,200 K in sales during its previous quarter.
