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Last Price: 112.23 - Change: -1.84 - Change %: -1.613
04/17/2024 16:10:00 EST

Targa Resources Inc (TRGP)

Industry: Oil & Gas Midstream

Price Support Resistance

In the past 20 trading days, TRGP has been trading in a range between $116.00 and $109.08 (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 $116.00, about 3% to the upside. There is support at $93.27 -17% 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 53 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $104.2, a potential down side of -7.15% from the recent price of 112.23. Our AI powered stock target predictor currently has a target price of $101.60 a potential move of -9%. The stock is trading 4.79% (potential upside) below its 52 week high of $117.61 and 69.63 % (potential downside) above its 52 week low of $66.16 - 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.

TRGP Website

News

5 Stocks in Focus That Just Increased Their Dividends
Investors may keep a tab on stocks like CSWI, TRGP, STZ, FUL and SKT, which have lately hiked their dividend payments.
Source: Zacks Investment Research
Tue, 16 Apr 2024 09:50:27 -0400
Sentiment: Positive
Investors' Guide to Targa Resources' (TRGP) Dividend Hike
Targa Resources' (TRGP) current dividend yield of 2.6% might not be the best going around, but it is well ahead of the S&P 500's 1.3% and is well protected with a payout ratio of 52.
Source: Zacks Investment Research
Mon, 15 Apr 2024 10:01:06 -0400
Sentiment: Positive
Want $27,000 In Passive Income? Invest $50,000 In These Dividend Stocks
Stock #4: Atlantica Sustainable Infrastructure plc (NASDAQ: AY) Yield: 9.79% Shares for $50,000: 2,705 Annual Passive Income: ~$4,895 Headquartered in Brentford, United Kingdom, Atlantica Sustainable Infrastructure Plc is engaged in green energy production, along with operation of electric transmission lines and water desalination.
Source: 24/7 Wall Street
Fri, 12 Apr 2024 14:15:44 -0400
Sentiment: Positive
Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings Webcast
HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared an increase to its quarterly cash dividend to $0.75 per common share, or $3.00 per common share on an annualized basis, for the first quarter of 2024, consistent with previously disclosed expectations. This dividend represents a 50 percent increase over the common dividend declared with respect to the first quarter of 2023. This cash dividend will be paid May 15, 2024 on all outstanding common shares to holders of record as of the close of business on April 30, 2024.
Source: GlobeNewsWire
Thu, 11 Apr 2024 17:00:00 -0400
Sentiment: Neutral
Top 3 US oil stocks to buy in April as crude prices surge
The crude oil price has been on a winning streak lately, with brent crude oil reaching a high of over $91 per barrel today, its highest price since October last year. All in all, the crude oil price has gained more than 8% in the past month.
Source: Invezz
Fri, 05 Apr 2024 07:45:43 -0400
Sentiment: Positive
Instituions Institution %: 93.988
Last QTR Institution change: 7787251

Insiders
Insiders %: 1.479
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 111576
Insiders Net last QTR: -111576

Analyst Ratings
Target Price: 104.2
Overall Rating: 4.5455
Strong Buys (5): 13
Buys (4): 8
Holds (3): 1
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 117.61
52 Week Low: 66.1557
Beta: 2.218
50 Day MA: 103.6162
200 Day MA: 89.1795

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.109
Qtr Revenue Growth YOY: -0.069
Forward PE: 24.0385
Trailing PE: 31.1667

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