Targa Resources Corp. TRGP
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Targa Resources Corp. (TRGP) Business Model and Operations Summary
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Key Insights
Targa Resources Corp. (TRGP) Core Market Data and Business Metrics
Latest Closing Price
$205.72Market Cap
$44.86 BillionPrice-Earnings Ratio
35.84Total Outstanding Shares
218.06 Million SharesTotal Employees
3,186Dividend
$0.75 Per Share QuarterlyIPO Date
December 7, 2010SIC Description
Natural Gas TransmissionPrimary Exchange
New York Stock ExchangeHeadquarters
Targa Resources Partners Lp, Houston, TX, 77002
Historical Stock Splits
Execution Date | Split Amount |
---|---|
No Historical Stock Splits |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
---|---|---|---|
2,133,934 Shares | 1.93 | 3/14/2025 | 4,126,573 Shares |
2,099,917 Shares | 1.81 | 2/28/2025 | 3,791,641 Shares |
1,246,918 Shares | 2.91 | 2/14/2025 | 3,634,150 Shares |
1,540,679 Shares | 2.41 | 1/31/2025 | 3,716,203 Shares |
1,481,828 Shares | 3 | 1/15/2025 | 4,452,802 Shares |
2,102,968 Shares | 2.18 | 12/31/2024 | 4,594,358 Shares |
Cash Flow Statement
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Net Cash Flow From Investing Activities | $-3.02 Billion |
Net Cash Flow From Financing Activities | $-612.80 Million |
Net Cash Flow | $15.60 Million |
Net Cash Flow From Financing Activities, Continuing | $-612.80 Million |
Net Cash Flow From Investing Activities, Continuing | $-3.02 Billion |
Net Cash Flow, Continuing | $15.60 Million |
Income Statement
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Undistributed Earnings/Loss Allocated To Participating Securities, Basic | $9.60 Million |
Operating Expenses | $2.98 Billion |
Income/Loss From Continuing Operations After Tax | $1.55 Billion |
Basic Average Shares | $220.20 Million |
Income/Loss From Continuing Operations Before Tax | $1.94 Billion |
Diluted Earnings Per Share | $5.74 |
Comprehensive Income
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Comprehensive Income/Loss Attributable To Parent | $1.25 Billion |
Comprehensive Income/Loss Attributable To Noncontrolling Interest | $241.50 Million |
Comprehensive Income/Loss | $1.50 Billion |
Other Comprehensive Income/Loss | $-58.10 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Equity | $4.42 Billion |
Accounts Payable | $2.01 Billion |
Other Current Liabilities | $1.16 Billion |
Noncurrent Assets | $20.44 Billion |
Other Non-current Assets | $2.38 Billion |
Liabilities | $18.32 Billion |
Historical Dividends
Current dividend: $0.75 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Jan 16, 2025 | Feb 14, 2025 | Jan 31, 2025 | $0.75 | Quarterly |
Oct 10, 2024 | Nov 15, 2024 | Oct 31, 2024 | $0.75 | Quarterly |
Jul 11, 2024 | Aug 15, 2024 | Jul 31, 2024 | $0.75 | Quarterly |
Apr 11, 2024 | May 15, 2024 | Apr 30, 2024 | $0.75 | Quarterly |
Jan 18, 2024 | Feb 15, 2024 | Jan 31, 2024 | $0.5 | Quarterly |
Oct 12, 2023 | Nov 15, 2023 | Oct 31, 2023 | $0.5 | Quarterly |