Perhaps timely catching Targa Resources Corp (TRGP) would be a good idea

With 1.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.54 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $88.00 whereas the lowest price it dropped to was $86.56. The 52-week range on TRGP shows that it touched its highest point at $91.43 and its lowest point at $64.85 during that stretch. It currently has a 1-year price target of $107.65. With its current market cap of 19.60 billion, TRGP has annualized dividend of $1.99 while the current yield stands at 2.27%. Beta for the stock currently stands at 2.17.

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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 up-trending over the past week, with a rise of 2.16%, but this was up by 5.14% over a month. Three-month performance surged to 2.78% while six-month performance rose 4.30%. The stock gained 17.83% in the past year, while it has gained 1.19% so far this year. A look at the trailing 12-month EPS for TRGP yields 3.84 with Next year EPS estimates of 5.81. For the next quarter, that number is 1.46. This implies an EPS growth rate of 25.33% for this year and 19.41% for next year.

Float and Shares Shorts:

At present, 226.04 million TRGP shares are outstanding with a float of 218.26 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.89 million, which was 1.30% higher than short shares on Dec 14, 2023. In addition to Mr. Matthew J. Meloy as the firm’s CEO & Director, Ms. Jennifer R. Kneale serves as its Chief Financial Officer.

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. With TRGP analysts setting a high price target of $122.00 and a low target of $95.00, the average target price over the next 12 months is $107.70. Based on these targets, TRGP could surge 38.79% to reach the target high and rise by 8.08% to reach the target low. Reaching the average price target will result in a growth of 22.53% from current levels.

Summary of Insider Activity:

Insiders traded TRGP stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 25,369 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has risen to 40 over the past year. The total number of shares bought during that period was 99,617 while 366,692 shares were sold.