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Targa Resources Corp. (TRGP)

73.38   -1.39 (-1.86%) 02-03 15:07
Open: 74.55 Pre. Close: 74.77
High: 75.535 Low: 73.11
Volume: 626,656 Market Cap: 16,611(M)

Technical analysis

as of: 2023-02-03 2:50:53 PM
Overall:       
Stoxline posted a STRONG SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 89.23     One year: 104.22
Support: Support1: 72.06    Support2: 69.37
Resistance: Resistance1: 76.4    Resistance2: 89.23
Pivot: 74.9
Moving Average: MA(5): 74.33     MA(20): 74.8
MA(100): 70.14     MA(250): 69.26
MACD: MACD(12,26): 0.4     Signal(9): 0.7
Stochastic oscillator: %K(14,3): 37.8     %D(3): 45.7
RSI: RSI(14): 47.6
52-week: High: 81.5  Low: 55.56
Average Vol(K): 3-Month: 1,394 (K)  10-Days: 1,145 (K)

Price, moving averages and Bollinger Bands

Price has closed below 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 NEUTRAL in short-term; and BULLISH in mid-long term.
[ TRGP ] has closed above bottom band by 2.7%. Bollinger Bands are 63% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 5 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 75.83 - 76.36 76.36 - 76.78
Low: 72.95 - 73.52 73.52 - 73.96
Close: 74.04 - 74.91 74.91 - 75.58

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, 02 Feb 2023
Analyst Expectations for Targa Resources's Future - Targa Resources (NYSE:TRGP) - Benzinga

Thu, 02 Feb 2023
Targa Resources Corp. (NYSE:TRGP) Shares Sold by Mutual of ... - MarketBeat

Wed, 01 Feb 2023
Targa Resources Corp. (NYSE:TRGP) Shares Purchased by Jump ... - Best Stocks

Thu, 26 Jan 2023
Ex-Dividend Reminder: Targa Resources, Plains All American ... - Nasdaq

Wed, 25 Jan 2023
Time to Buy these Top-Rated Growth Stocks at a Discount? - Yahoo Finance

Wed, 25 Jan 2023
3 Reasons Why Growth Investors Shouldn't Overlook Targa ... - Nasdaq

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Energy
Industry:  Oil & Gas Midstream
Shares Out. 229 (M)
Shares Float 223 (M)
% Held by Insiders 1.5 (%)
% Held by Institutions 89.3 (%)
Shares Short 7,210 (K)
Shares Short P.Month 3,950 (K)

Stock Financials

EPS -7.27
EPS Est Next Qtl 0.03
EPS Est This Year -0.68
EPS Est Next Year 0
Book Value (p.s.) 11.64
Profit Margin (%) 2.6
Operating Margin (%) 7.1
Return on Assets (ttm) 6
Return on Equity (ttm) 16.9
Qtrly Rev. Growth 77.3
Gross Profit (p.s.) 14.06
Sales Per Share 91.36
EBITDA (p.s.) 10.52
Qtrly Earnings Growth 973.2
Operating Cash Flow 2,380 (M)
Levered Free Cash Flow 1,070 (M)

Stock Valuations

PE Ratio -10.13
PEG Ratio 0.3
Price to Book value 6.31
Price to Sales 0.8
Price to Cash Flow 7.06

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2021-11-14
Ex-Dividend Date 2021-10-27
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