Targa Resources Corp. kicked off the trading day on 08/14/19 with a price decrease of -5.68%, equivalent to -$2.02 relative change for the day. Taking a more long-term approach, TRGP had a 52-week range of $33.55 to $59.21. At the time of this article’s publishing, this stock is trading at $33.53 after starting the trading session at $34.83. Moving on, the stock has demonstrated a 52-week change amounting to -1.70, alongside an S&P500 52-Week Change of -16.68. At the time of writing, this stock’s 50-day Moving Average stands at $38.46, while the 200-day Moving Average of this stock is currently $41.39.
Currently, this company’s share volume is sitting at $3,427,921, but has maintained average daily volume of $2.22M. This stock has generated an average Year to Date volume of $2.37 million, alongside an average 20-day volume of $2.51 million. This publicly-traded company’s shares outstanding now amounts to $233.12 million, simultaneously with a float of $228.14 million. The organization now has a market capitalization sitting at $7.82 billion.
Targa Resources Corp.(TRGP) Ownership Data
Now let’s turn our focus to how large-scale investors are behaving with this stock. Targa Resources Corp.’s current insider ownership accounts for 0.60%, in contrast to 95.00% institutional ownership. According to the most recent latest insider trade that took place on May 10 this organization’s Director bought 41,420 at the rate of 39.33, making the entire transaction hit 1,629,137 in total value, affecting insider ownership by 27,000. Preceding that transaction, on May 10 Company’s Director bought 10,000 at a price of 39.59, making the whole transaction’s value amount to 395,900. This particular insider is now the holder of 38,506 in total.
If we take a glance at the Ownership summary of Targa Resources Corp.’s stock, 528 Institutional holders make up 91.41% of its total stock ownership. All together, they are the legal holders of 212,788,314 shares, which are valued at about $7,564,624,563 in total. If we focus on the top 3 stockholders for this publicly-traded organization, VANGUARD GROUP INC owns 21.34 million shares, with BLACKROCK INC. in 2nd place owning 13.26 million shares and TORTOISE CAPITAL ADVISORS, L.L.C. in third place with total ownership of 13.15 million shares.
Targa Resources Corp. (TRGP) Earnings and Revenue Data
In the latest quarterly report that this company released, which was put into the public domain on Mar-19, the organization reported -$0.30 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at -$0.11) by $0.19.
The corporation racked down revenue of $2,597.80million for the previous financial quarter, compared to the mean analyst estimate of $2,750.30 million. This company achieved a net margin of -0.58 while generating a return on equity of -3.01. Targa Resources Corp.’s full-quarter revenue decreased by -6.36%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.11 per share during the current fiscal year.
Targa Resources Corp.’s EPS increase for this current 12-month fiscal period is 66.90%, and is forecasted to reach 167.60% in the upcoming year. Looking at the long run, market analysts have predicted that Company’s EPS will increase by 67.50% through the next 5 years, which can be compared against the -18.60% growth it accomplished over the previous five years trading on the market.
Additional Trading Performance Indicators
Now turning our attention to the current performance indicators for Targa Resources Corp., this organization’s Quick Ratio in the last reported quarter now stands at 0.50. The company has managed to achieve an average true range (ATR) of 1.31. Alongside those, its Beta score is 1.71.
Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.76 for this organization. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 1.35, whereas its price to cash per share for the last quarter landed at 0.54.
In the same vein, TRGP’s Diluted EPS (Earnings per Share) trailing twelve month was posted at -0.78, a figure that is expected to reach -0.29 in the next reported quarter, and analysts expect it will be 167.60% at the market close of one year from today’s date.