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Targa Resources (TRGP)

32.28   0.11 (0.34%) 03-03 16:34
Open: 32.5 Pre. Close: 32.17
High: 32.99 Low: 32.28
Volume: 1,417,635 Market Cap: 7,381M
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,900 miles of natural gas pipelines, including 46 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 72 million barrels. As of December 31, 2019, the company leased and managed approximately 698 railcars; 138 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 32.62 - 32.746 32.746 - 32.89
Low: 31.31 - 31.444 31.444 - 31.598
Close: 31.919 - 32.136 32.136 - 32.385

Technical analysis

as of: 2021-03-03 4:10:12 PM
Overall:       
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 39.07     One year: 45.63
Support: Support1: 29.25    Support2: 26.65
Resistance: Resistance1: 33.45    Resistance2: 39.07
Pivot: 31.16
Moving Average: MA(5): 31.89     MA(20): 30.95
MA(100): 25.13     MA(250): 19.36
MACD: MACD(12,26): 0.86     Signal(9): 0.78
Stochastic oscillator: %K(14,3): 71.41     %D(3): 63.33
RSI: RSI(14): 61.04
52-week: High: 33.45  Low: 3.66  Change(%): -0.4
Average Vol(K): 3-Month: 197627  10-Days: 201026

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
TRGP has closed below upper band by 14.9%. Bollinger Bands are 31.8% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Tue, 02 Mar 2021
How Many Targa Resources Corp. (NYSE:TRGP) Shares Have Insiders Sold, In The Last Year? - Simply Wall St

Mon, 01 Mar 2021
Targa Resources Corp. to Participate in Morgan Stanley Energy & Power Conference - Yahoo Finance

Tue, 23 Feb 2021
Targa Resources Corp. (TRGP) CEO Matt Meloy on Q4 2020 Results - Earnings Call Transcript - Seeking Alpha

Tue, 23 Feb 2021
Targa Resources Corp (TRGP) Q4 2020 Earnings Call Transcript - Motley Fool

Fri, 19 Feb 2021
Targa Resources (TRGP) Q4 Earnings Miss Estimates, Rise Y/Y - Nasdaq

Thu, 18 Feb 2021
Targa Resources Corp. and Targa Resources Partners Announce Form 10-Ks Available - Yahoo Finance

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Outperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Energy
Industry:  Oil & Gas Midstream
Shares Out. (M) 229
Shares Float (M) 224
% Held by Insiders 1.50
% Held by Institutions 86.01
Shares Short (K) 3,310
Shares Short P. Month (K) 3,740

Stock Financials

EPS -7.840
EPS Est This Year -0.670
EPS Est Next Year 0.010
Book Value (p.s.) 12.140
Profit Margin -20.83
Operating Margin 14.96
Return on Assets (ttm) 4.4
Return on Equity (ttm) -19.0
Qtrly Rev. Growth 11.2
Gross Profit (p.s.) 11.135
Sales Per Share 35.632
EBITDA (p.s.) 9.257
Qtrly Earnings Growth
Operating Cash Flow (M) 1,570
Levered Free Cash Flow (M) 46

Stock Valuations

PE Ratio -4.13
PEG Ratio
Price to Book value 2.67
Price to Sales 0.91
Price to Cash Flow 4.72

Stock Dividends

Dividend 1.210
Forward Dividend 0.400
Dividend Yield 0.04
Dividend Pay Date 2021-02-15
Ex-Dividend Date 2021-01-28
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