Targa Resources (TRGP) : During the past 4 weeks, traders have been relatively bearish on Targa Resources (TRGP), hence the stock is down -8.06% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.99% relative to the S&P 500. The 4-week change in the price of the stock is -1.85% and the stock has fallen -4.41% in the past 1 week.
Targa Resources (NYSE:TRGP): The stock opened at $40.75 on Friday but the bulls could not build on the opening and the stock topped out at $40.96 for the day. The stock traded down to $39.57 during the day, due to lack of any buying support eventually closed down at $40.33 with a loss of -1.01% for the day. The stock had closed at $40.74 on the previous day. The total traded volume was 1,464,561 shares.
The stock has recorded a 20-day Moving Average of 3.92% and the 50-Day Moving Average is 4.58%. Targa Resources Corp. is up 4.11% in the last 3-month period. Year-to-Date the stock performance stands at 58.73%.
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.