Targa Resources Corp. (TRGP) – Full Trading Performance Analysis

Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Targa Resources Corp. (TRGP) was $39.96. Currently, the 1st Resistance Point for this stock is $40.22, with a 2nd Resistance Point sitting at $40.48. Meanwhile, this company’s stock has a 1st Support Level at $39.66 and a 2nd Support Level at $39.36. Targa Resources Corp. (TRGP) stock has lost -$0.37, or -0.92%, in the past five days. In the last full month, these shares have lost -$0.08, or -0.20%. In the past three months, this stock’s price has fallen by -$2.59, or -6.09%. This year-to-date, Targa Resources Corp. (TRGP) shares have gained $3.94, or 10.94%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Targa Resources Corp. (TRGP) stock, 60% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 75% of medium-term indicators point to this stock being a “ Sell .” Looking further ahead, 67% of long-term indicators suggest that this stock is a “ Sell .”

With 232,474 K shares outstanding, this company currently has a market capitalization of $9,324,532K. Targa Resources Corp. (TRGP) generates $10,484 M in annual sales, amounting to annual net income of $1,600 K. This stock has generated a 1-Year Total Return of -11.59%, a 3-Year Total Return of 0.73%, and a 5-year Total Return of -62.15%. This stock’s 5-Year Dividend Growth is 76.70%, with its most recent dividend valued at $0.910 per share on 01/30/19. Its Annual Dividend Yield is 9.08%, and its Annual Dividend Rate is 3.64.

In the most recently-reported fiscal quarter, which ended in Dec-18, Targa Resources Corp. (TRGP) reported earnings of $0.32 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.01 per share, representing a 0.31 difference and 2,235.77% surprise. In the previous quarter ending in Sep-18, the reported earnings of -$0.24 represented a -0.3 difference from the consensus estimate calling for $0.06 per share, which was a 477.95% surprise.

For the current fiscal quarter, which is set to end in 03/2019, the average earnings estimate is -$0.10 per share. This estimate came from a total of 8 Wall Street Analysts. Of those market experts, the high estimate was -$0.03 and the low estimate was -$0.18. In the year-ago quarter, Targa Resources Corp. (TRGP) generated per-share earnings of -$0.03. If the analysts are correct about the current quarter’s earnings, the growth will be -233.33% .

Turning our focus now to insider trading activity, there have been 20 purchases (382,380 shares in total) and 16 sale (133,140 shares in total) in the last 3 months. In the last 6 months, there have been 25 insider buys amounting to 829,577 shares and 24 insider sales amounting to 582,887 shares. In the past full year, 26 insider purchases were made (involving 830,348 shares) and 49 insider sell-offs equivalent to 624,017 shares.

Moving onto liquidity, Targa Resources Corp. (TRGP) has a Current Ratio of 0.51, a Quick Ratio of 0.45 and a Cash Ratio of 0.12. Looking at this company’s capital structure, its Total Debt to Total Equity is 105.30, its Total Debt to Total Capital is 51.29, and its Total Debt to Total Assets is now 37.80. Looking even further ahead into the future, its Long-Term Debt to Equity is 92.65 and its Long-Term Debt to Total Capital is 43.37.