Targa Resources Corp’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $136.73 on 07/17/24 and a low of $77.27 for the same time frame on 10/05/23.
52-week price history of TRGP Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Targa Resources Corp’s current trading price is -0.41% away from its 52-week high, while its distance from the 52-week low is 76.23%. The stock’s price range during this period has spanned from $77.27 to $136.73. In the Energy sector, the Targa Resources Corp’s shares surpassed a trading volume of approximately 1.6 million for the day, which was noticeably higher compared to the average daily volume of 9.1.43 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Targa Resources Corp (TRGP) has experienced a quarterly rise of 21.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.19B and boasts a workforce of 3182 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 116.38, with a change in price of +39.14. Similarly, Targa Resources Corp recorded 1,507,994 in trading volume during the last 100 days, posting a change of +40.34%.
Examining TRGP’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for TRGP stands at 4.86. Similarly, the long-term debt-to-equity ratio is also 4.65.
TRGP Stock Stochastic Average
Today’s raw stochastic average for Targa Resources Corp over the last 50 days is 97.75%.This indicates a increase from the raw stochastic average of the past 20 days, which was 95.82%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 89.67% and 89.85%, respectively.
TRGP Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 56.75%.However, over the last six months, we can see a weaker performance of 67.10%. Over the last 30 days, the price of TRGP has fallen by 11.98%. And in the last five days, it has surged by 1.92%.
