Shares of Targa Resources (TRGP) Drops by -0.33%

Targa Resources (TRGP) has risen sharply, recording gains of 1.71% in the past 4 weeks. However, the stock has corrected -0.33% in the past 1 week, providing a good buying opportunity on dips. Targa Resources (TRGP) : During the past 4 weeks, traders have been relatively bearish on Targa Resources (TRGP), hence the stock is down -2.55% 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 -1.8% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.68% and the 50-Day Moving Average is 0.36%.

Targa Resources (NYSE:TRGP): The stock opened at $42.94 on Friday but the bulls could not build on the opening and the stock topped out at $43.26 for the day. The stock traded down to $41.85 during the day, due to lack of any buying support eventually closed down at $42.19 with a loss of -1.26% for the day. The stock had closed at $42.73 on the previous day. The total traded volume was 1,309,746 shares.


The company Insiders own 3% of Targa Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.23% . Institutional Investors own 79.97% of Targa Resources shares. During last six month period, the net percent change held by insiders has seen a change of -13.23%. In a related news, The Securities and Exchange Commission has divulged that Mcparland Jeffrey J, officer (See Remarks) of Targa Resources Corp., had unloaded 3,700 shares at an average price of $45.13 in a transaction dated on July 12, 2016. The total value of the transaction was worth $166,981.

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.

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