Targa Resources (NYSE:TRGP) has risen sharply, recording gains of 4% in the past 4 weeks. However, the stock has corrected -0.77% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.35% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -52.98% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $92.13 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.21 and the 200 Day Moving Average price is recorded at $31.83.
The stock has recorded a 20-day Moving Average of 2.37% and the 50-Day Moving Average is 1.67%.
Targa Resources (NYSE:TRGP): stock turned positive on Friday. Though the stock opened at $41.93, the bulls momentum made the stock top out at $42.8 level for the day. The stock recorded a low of $41.42 and closed the trading day at $42.33, in the green by 2.82%. The total traded volume for the day was 1,623,795. The stock had closed at $41.17 in the previous days trading.
In an insider trading activity,The director officer (See Remarks) of Targa Resources Corp., Whalen James W sold 25,000 shares at $40 on June 13, 2016. The Insider selling transaction had a total value worth of $1,000,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Targa Resources Corp. (Traga), through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Company operates in two divisions Gathering and Processing and Logistics and Marketing. Gathering and Processing includes Field Gathering and Processing and Coastal Gathering and Processing. Logistics and Marketing includes Logistics Assets and Marketing and Distribution.