It is Poised to be a Bull Market for Targa Resources Corp (TRGP)

With 2.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.66 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $154.535 whereas the lowest price it dropped to was $146.1. The 52-week range on TRGP shows that it touched its highest point at $157.68 and its lowest point at $77.97 during that stretch. It currently has a 1-year price target of $153.02. With its current market cap of 32.05 billion, TRGP has annualized dividend of $2.50 while the current yield stands at 1.71%. Beta for the stock currently stands at 2.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TRGP was down-trending over the past week, with a drop of -3.88%, but this was up by 0.81% over a month. Three-month performance surged to 13.79% while six-month performance rose 31.75%. The stock gained 73.46% in the past year, while it has gained 68.42% so far this year. A look at the trailing 12-month EPS for TRGP yields 4.77 with Next year EPS estimates of 7.27. For the next quarter, that number is 1.54. This implies an EPS growth rate of 52.82% for this year and 28.64% for next year.

Float and Shares Shorts:

At present, 222.61 million TRGP shares are outstanding with a float of 215.25 million shares on hand for trading. On 2024-09-13, short shares totaled 3.32 million, which was 152.0 higher than short shares on 1723680000. In addition to Mr. Matthew J. Meloy as the firm’s CEO & Director, Ms. Jennifer R. Kneale serves as its President of Finance & Administration.

Institutional Ownership:

Through their ownership of 0.92477 of TRGP’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, TRGP reported revenue of $3562000000.0 and operating income of $627200000.0. The EBITDA in the recently reported quarter was $977800000.0 and diluted EPS was $1.33.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRGP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.