Targa Resources Corp (TRGP) is Trading Higher on Unusual Volume for February 16

Equities Staff |

Targa Resources Corp (TRGP) experienced unusually high volume on Feb. 16, as the stock gained 7.25% to a closing price of $17.46. The stock saw 5.04 million shares trade hands over the course of the day on 37,021 trades. Given that the stock’s average daily volume over the last month has been 3.11 million shares a day, this represents a pretty substantial spike over the norm.

Targa Resources Corp has a P/B ratio of 0.66. It also has a P/E ratio of 13.8. The stock has traded between $108.63 and $14.55 over the last 52-weeks, its 50-day SMA is now $23.23, and its 200-day SMA $57.73.

Targa Resources Corp is engaged in gathering, compressing, processing and selling natural gas & storing, fractionating, transporting & selling natural gas liquids and NGL products.

Headquartered in Houston, TX, Targa Resources Corp has 1,350 employees and is currently under the leadership of CEO Joe Bob Perkins.

For a complete fundamental analysis analysis of Targa Resources Corp, check out Equities.com’s Stock Valuation Analysis report for TRGP. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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