TRGP
Targa Resources Corp. Energy - Midstream Investor Relations →
Targa Resources Corp. (TRGP) closed at $254.28 as of 2026-05-01, trading 102.9% above its 200-week moving average of $125.31. The stock moved further from the line this week, up from 92.6% last week. With a 14-week RSI of 83, TRGP is in overbought territory.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.01 ratio) is neutral — neither side is clearly dominating.
Over the past 755 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 $54.7 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 17.8x book value.
Over the past 14.5 years, a hypothetical investment of $100 in TRGP would have grown to $1275, compared to $743 for the S&P 500. That represents an annualized return of 19.2% vs 14.8% for the index — confirming TRGP as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -17.7% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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% | +569.1% |
| Nov 2018 | May 2019 | 24 | 21.4% | -7.5% | +630.4% |
| May 2019 | Jul 2019 | 5 | 7.3% | -49.7% | +707.6% |
| Jul 2019 | Sep 2019 | 6 | 13.9% | -46.8% | +736.1% |
| Nov 2019 | Dec 2019 | 4 | 7.2% | -35.7% | +690.1% |
| Jan 2020 | Mar 2021 | 58 | 83.4% | -22.3% | +666.6% |
| Mar 2021 | Apr 2021 | 4 | 5.9% | +116.3% | +771.3% |
| Average | 36 | — | +-9.9% | — |
Frequently Asked Questions
Is TRGP below its 200-week moving average?
No. Targa Resources Corp. (TRGP) is currently 102.9% above its 200-week moving average of $125.31. It would need to fall to $125.31 to cross below the line.
What is TRGP's 200-week moving average price?
Targa Resources Corp.'s 200-week moving average is $125.31 as of 2026-05-01. 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 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 83 (overbought). Free cash flow is currently negative. Return on equity is 51.4%. Price-to-book is 17.8x. 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 14.5 years, $100 invested in TRGP would have grown to $1275, compared to $743 for the S&P 500. That's 19.2% annualized vs 14.8% 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 167.00%.
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 2026-05-01