StockChartsAI.com
All Chart Prices Delayed at least 15 minutesBefore accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.
Stock Charts AI Power Rank: 7.4
Power Rank trend -> Falling
07/26/2024 16:10:00 EST
Targa Resources Inc (TRGP)
Industry: Oil & Gas Midstream
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, TRGP has been trading in a range between $137.76 and $128.78 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
TRGP is trading below resistance at $137.76, about 5% to the upside. There is support at $116.90 -11% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Targa Resources Inc $TRGP entered a Green zone 54 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $104.2, a potential down side of -20.8% from the recent price of 131.57. The stock is trading 5.1% (potential upside) below its 52 week high of $138.28 and 71.83 % (potential downside) above its 52 week low of $76.57 - based on the recent price.
Company Summary
Targa Resources Corp, together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation.
News
| Targa Resources, Inc. (TRGP) is a Great Momentum Stock: Should You Buy? Does Targa Resources, Inc. (TRGP) have what it takes to be a top stock pick for momentum investors? Let's find out. Source: Zacks Investment Research Tue, 23 Jul 2024 13:00:34 -0400 Sentiment: Positive |
| How to Find the Best Oil Stocks to Buy Higher demand and lower inventories should help the top-rated oil stocks outperform. Source: Kiplinger Thu, 18 Jul 2024 13:31:02 -0400 Sentiment: Positive |
| 3 Dividend Stocks That Were Home Runs in the First Half (Will the Second Half Be as Good?) NextEra Energy is all about the dividend growth, which looks set to keep going at 10% a year. Targa Resources delivered a high-octane return and should have more fuel to continue rising. Source: The Motley Fool Sat, 13 Jul 2024 10:53:00 -0400 Sentiment: Positive |
| Why Targa Resources, Inc. (TRGP) is a Great Dividend Stock Right Now Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes? Source: Zacks Investment Research Fri, 12 Jul 2024 12:45:24 -0400 Sentiment: Positive |
| Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2024 Earnings Webcast HOUSTON, July 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the second quarter of 2024. Source: GlobeNewsWire Thu, 11 Jul 2024 17:15:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 138.28 52 Week Low: 76.5654 Beta: 2.261 50 Day MA: 124.8872 200 Day MA: 102.7197 Earnings / Revenue Trends Qtr Earnings Growth YOY: 42.844 Qtr Revenue Growth YOY: 0.009 Forward PE: 24.0385 Trailing PE: 27.2686