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Targa Resources Corp. (TRGP)
117.68  0.78 (0.67%)    04-25 16:00
Open: 117.01
High: 117.87
Volume: 1,089,193
  
Pre. Close: 116.9
Low: 115.78
Market Cap: 26,188(M)
Technical analysis
2024-04-25 4:46:26 PM
Short term     
Mid term     
Targets 6-month :  137.67 1-year :  160.8
Resists First :  117.87 Second :  137.67
Pivot price 114.71
Supports First :  112.46 Second :  109.12
MAs MA(5) :  115.46 MA(20) :  114.43
MA(100) :  96.61 MA(250) :  86.77
MACD MACD :  2.3 Signal :  2.5
%K %D K(14,3) :  86.8 D(3) :  67.3
RSI RSI(14): 71.2
52-week High :  117.87 Low :  67.36
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ TRGP ] has closed below upper band by 3.7%. Bollinger Bands are 26.5% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 117.94 - 118.29 118.29 - 118.68
Low: 114.71 - 115.14 115.14 - 115.62
Close: 116.92 - 117.57 117.57 - 118.3
Company Description

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. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It 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; and gathering, storing, terminaling, purchasing, and selling crude oil. The company 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, it 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. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

Headline News

Thu, 25 Apr 2024
Targa Resources (NYSE:TRGP) Sets New 1-Year High at $117.66 - MarketBeat

Thu, 25 Apr 2024
Targa Resources' (NYSE:TRGP) Dividend Will Be Increased To $0.75 - Yahoo Finance

Wed, 24 Apr 2024
Targa Resources Corp. (NYSE:TRGP) Goes Ex-Dividend Soon - Simply Wall St

Tue, 23 Apr 2024
Louisiana State Employees Retirement System Purchases Shares of 13,500 Targa Resources Corp. (NYSE:TRGP) - MarketBeat

Mon, 22 Apr 2024
abrdn plc Buys 431,156 Shares of Targa Resources Corp. (NYSE:TRGP) - MarketBeat

Mon, 15 Apr 2024
Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75 - Simply Wall St

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Energy
Industry:
Oil & Gas Midstream
Shares Out 223 (M)
Shares Float 219 (M)
Held by Insiders 1.4 (%)
Held by Institutions 94.1 (%)
Shares Short 3,770 (K)
Shares Short P.Month 4,010 (K)
Stock Financials
EPS 3.66
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 12.31
Profit Margin 8.3 %
Operating Margin 14.9 %
Return on Assets (ttm) 8.1 %
Return on Equity (ttm) 32.9 %
Qtrly Rev. Growth -7 %
Gross Profit (p.s.) 0
Sales Per Share 72.16
EBITDA (p.s.) 17.79
Qtrly Earnings Growth -10.9 %
Operating Cash Flow 3,210 (M)
Levered Free Cash Flow 211 (M)
Stock Valuations
PE Ratio 32.15
PEG Ratio 0.4
Price to Book value 9.55
Price to Sales 1.63
Price to Cash Flow 8.15
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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