TRGP
Targa Resources Corp. Energy - Midstream Investor Relations →
Targa Resources Corp. (TRGP) closed at $237.41 as of 2026-03-20, trading 97.1% above its 200-week moving average of $120.44. The stock is currently moving closer to the line, down from 100.8% last week. With a 14-week RSI of 81, TRGP is in overbought territory.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.67 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 749 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 $51.0 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 51.4%, indicating strong profitability. The stock trades at 16.6x book value.
Over the past 14.4 years, a hypothetical investment of $100 in TRGP would have grown to $1185, compared to $670 for the S&P 500. That represents an annualized return of 18.7% vs 14.1% for the index — confirming TRGP as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -17.7% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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% | +521.5% |
| Nov 2018 | May 2019 | 24 | 21.4% | -7.5% | +578.6% |
| May 2019 | Jul 2019 | 5 | 7.3% | -49.7% | +650.2% |
| Jul 2019 | Sep 2019 | 6 | 13.9% | -46.8% | +676.7% |
| Nov 2019 | Dec 2019 | 4 | 7.2% | -35.7% | +634.0% |
| Jan 2020 | Mar 2021 | 58 | 83.4% | -22.3% | +612.1% |
| Mar 2021 | Apr 2021 | 4 | 5.9% | +116.3% | +709.4% |
| Average | 36 | — | +-9.9% | — |
Frequently Asked Questions
Is TRGP below its 200-week moving average?
No. Targa Resources Corp. (TRGP) is currently 97.1% above its 200-week moving average of $120.44. It would need to fall to $120.44 to cross below the line.
What is TRGP's 200-week moving average price?
Targa Resources Corp.'s 200-week moving average is $120.44 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when TRGP drops below its 200-week moving average?
TRGP has crossed below its 200-week moving average 7 times in our data. The average one-year return after these crossings was -9.9%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 36 weeks on average.
Is TRGP a good value right now?
Here's what our data says about TRGP as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 81 (overbought). Free cash flow is currently negative. Return on equity is 51.4%. Price-to-book is 16.6x. This is not a buy or sell recommendation — always do your own research.
How does TRGP compare to the S&P 500?
Over the past 14.4 years, $100 invested in TRGP would have grown to $1185, compared to $670 for the S&P 500. That's 18.7% annualized vs 14.1% for the index. TRGP has outperformed the broader market over this period.
Does TRGP pay a dividend?
Yes. Targa Resources Corp. currently pays a dividend yield of 168.00%.
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 week of 2026-03-20