Birds Eye View Technical Analysis for Targa Resources Corp. (NYSE:TRGP)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Targa Resources Corp. (NYSE:TRGP) for the period of 9-Day stands at 72.96% while the stochastic %D for the same period stands at 76.84%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Targa Resources Corp. (NYSE:TRGP) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Targa Resources Corp. (NYSE:TRGP) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Targa Resources Corp. (NYSE:TRGP)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. The Company operates its business through two business segments: Natural Gas Gathering and Processing and NGL Logistics and Marketing. The Natural Gas Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids and removing impurities. NGL Logistics and Marketing segment is engaged in gathering and storing; fractionating, storing, and transporting of finished NGLs. Targa also markets the natural gas liquids produced and purchased in selected United States markets. The Company also offers refinery services and wholesale propane marketing operations. Targa Resources Corp is headquartered in Houston, Texas.

Previous Day Activity Analysis

On the last trading day, Targa Resources Corp. (NYSE:TRGP) opened the session at $44.39 and after going down -0.52% closed at $44.13. The stock lost -0.26 points in the last trade.

Targa Resources Corp. (NYSE:TRGP)’s stock fluctuated in the range of $44.03 and $44.99 during the previous active session. Targa Resources Corp. (NYSE:TRGP) traded with the volume of 1.61 Million with average volume of 1.63 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 2.22 while ATR (Average True Range) and RSI (Relative Strength Index) are at 1.35 and 48.87 respectively.

Currently the Insider Ownership of the shares of Targa Resources Corp. (NYSE:TRGP) is at 0.7% and the shares outstanding are 216.73 Million.

Important Ratio Analysis

Some important ratios to consider here for Targa Resources Corp. (NYSE:TRGP) are discussed below:

Dividend yield of Targa Resources Corp. (NYSE:TRGP) stands at 8.25% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 1.18 and 1.39 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 96.9 and 153.27 correspondingly.

The Quick Ratio of Targa Resources Corp. (NYSE:TRGP) stands at 0.5 while the Current Ratio depicts the value of 0.7.

Return on Assets ROA of Targa Resources Corp. (NYSE:TRGP) is at -3.1% whereas, Return on Equity ROE and Return of Investment ROI of Targa Resources Corp. (NYSE:TRGP) stand at -7.4% and 1.1% respectively.

Stock Performance Analysis

The stock performance of Targa Resources Corp. (NYSE:TRGP) on the basis of 5 day trade show the jump of 0.55% whereas, the monthly performance of the stock shows decrease of -7.02%.

The quarterly performance of the stock remained in green zone with the value of 0.94% while six month performance of the shares of Targa Resources Corp. (NYSE:TRGP) remained bearish with the count of -13.81%.

The yearly and YTD performance of Targa Resources Corp. (NYSE:TRGP) remained down at -8.14% and -21.29% respectively.