TRGP
Targa Resources Corp. Energy - Midstream Investor Relations →
Targa Resources Corp. (TRGP) closed at $211.44 as of 2026-02-02, trading 83.1% above its 200-week moving average of $115.45. The stock moved further from the line this week, up from 74.3% last week. With a 14-week RSI of 82, TRGP is in overbought territory.
Over the past 743 weeks of data, TRGP has crossed below its 200-week moving average 7 times. On average, these episodes lasted 36 weeks. The average one-year return after crossing below was -9.9%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $45.5 billion, TRGP is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 49.9%, indicating strong profitability. The stock trades at 16.8x book value.
Over the past 14.3 years, a hypothetical investment of $100 in TRGP would have grown to $1055, compared to $712 for the S&P 500. That represents an annualized return of 17.9% vs 14.7% for the index — confirming TRGP as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -27.5% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: TRGP vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After TRGP Crosses Below the Line?
Across 7 historical episodes, buying TRGP when it crossed below its 200-week moving average produced an average return of -4.6% after 12 months (median -23.0%), compared to +14.6% for the S&P 500 over the same periods. 14% of those episodes were profitable after one year. After 24 months, the average return was +38.7% vs +39.9% for the index.
Each line shows $100 invested at the moment TRGP crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
TRGP has crossed below its 200-week MA 7 times with an average 1-year return of +-9.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 2015 | Jul 2018 | 151 | 76.9% | -23.4% | +453.6% |
| Nov 2018 | May 2019 | 24 | 21.4% | -7.5% | +504.3% |
| May 2019 | Jul 2019 | 5 | 7.3% | -49.7% | +568.2% |
| Jul 2019 | Sep 2019 | 6 | 13.9% | -46.8% | +591.7% |
| Nov 2019 | Dec 2019 | 4 | 7.2% | -35.7% | +553.7% |
| Jan 2020 | Mar 2021 | 58 | 83.4% | -22.3% | +534.2% |
| Mar 2021 | Apr 2021 | 4 | 5.9% | +116.3% | +620.9% |
| Average | 36 | — | +-9.9% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02