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TRGP Targa Resources Corp.

Energy

294.73 -20.26 -6.43% Close 11/2
Since 2024-12-02 +68.6%
Open
312.34
High
312.38
Low
293.96
Prev close
314.99
Volume
1.8M
Amplitude
5.85%
P/E
30.0
P/B
18.5
Revenue YoY (TTM)
-2.2%
52W 151.78 316.60

Is Targa Resources Corp. a buy? Fundamentals and valuation first

As of 2026-10-30

Quality: Good, Momentum: Strong, Risk / liquidity: Good; Valuation: Pricey.

Valuation Pricey Free-cash-flow yield is Good, but Price / book is Expensive.
TTM P/E 30 68th percentile Pricey
Price / book 18.47 96th percentile Expensive
Free-cash-flow yield (%) 1.1 51th percentile Good
US Stock Backtest in Python: Price-to-Book Ratio StrategyQuality Factor Investing: A US Quality Value Backtest
Quality Good ROE, TTM is Top, but FCF margin, TTM is Average.
ROE, TTM (%) 61.94 93th percentile Top
Operating margin, TTM (%) 23.13 76th percentile Good
FCF margin, TTM (%) 4.41 50th percentile Average
Quality Factor Investing: A US Quality Value Backtest
Growth Neutral Diluted EPS growth, TTM YoY is Good, but Revenue growth, TTM YoY is Average.
Revenue growth, TTM YoY (%) -2.2 31th percentile Average
Diluted EPS growth, TTM YoY (%) 50.27 77th percentile Good
Momentum Strong All 2 indicators are Top.
60-day return (%) 17.9 91th percentile Top
240-day return (%) 85.34 94th percentile Top
Momentum Trading Strategy: A 12-1 Momentum Backtest
Risk / liquidity Good 20-day dollar volume is Top; 60-day annualized volatility is Good.
20-day dollar volume 319,481,284 95th percentile Top
60-day annualized volatility (%) 31.26 36th percentile Good
Factor Investing Explained: 10 Classic Factors in US Stocks

Targa Resources Corp. (TRGP) today

1 quant signals active · As of 2026-10-30

Win rate and excess are historical post-trigger stats vs the market. Click a signal for its full definition and samples; history does not predict future results.

FinLab Studio

From Targa Resources Corp. to every stock like it

AI finds several complementary traits of Targa Resources Corp. across different dimensions, combines them into a multifactor strategy, and backtests it against the market.

Screen stocks like Targa Resources Corp.

Targa Resources Corp. (TRGP) peers and tracking

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Targa Resources Corp. (TRGP) quant signal backtests

Signals active now

Each active condition is tested against this stock’s own history and benchmarked versus the S&P 500.

52-week adjusted-price high

Active

Adjusted close first reaches a 252-trading-day high; repeated hits within 20 days count once.

23 historical occurrences (since 2017-01-04)

Average forward return after 52-week adjusted-price high

20-day: Win 54.5%, Sample 22, Median +0.63%, Excess -0.19%, Beat mkt rate 50%

60-day: Win 76.2%, Sample 21, Median +5.58%, Excess +3.3%, Beat mkt rate 52.4%

120-day: Win 70%, Sample 20, Median +15.68%, Excess +9.6%, Beat mkt rate 65%

120 days after: historical avg +15.71%

20-day +1.38%
60-day +6.66%
120-day +15.71%
20-day
60-day
120-day
Win
54.5%
76.2%
70%
Sample
22
21
20
Median
+0.63%
+5.58%
+15.68%
Excess
-0.19%
+3.3%
+9.6%
Beat mkt rate
50%
52.4%
65%

Over 20 occurrences, 120-day forward avg gained 15.71%, beat the market by 9.6 pts; win rate 70%.

Valuation regime and forward returns

Daily TTM P/E is converted into an expanding own-history percentile, then grouped into five valuation regimes. Forward returns use adjusted prices over the next 240 trading days.

PE percentile bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 61+109.8% +109.1% 100% +89.3%
20-40 287+58.7% +58.4% 100% +42.5%
40-60 You are here138+4.7% +0.7% 51.4% -10.7%
60-80 0Insufficient data
80-100 0Insufficient data

Quarterly EPS is aligned by SEC filing date before it is forward-filled to daily prices. The expanding percentile uses only information available up to each day.

Current TTM P/E is about 30.00, placing it in the 46.4 own-history percentile, inside the 40-60 bucket.

More history: Valuation × momentum analogs, Market-wide momentum baseline, Signals not active now

Valuation × momentum analogs

Each historical day is grouped by own-history P/E tercile and 60-day momentum direction, then tested for the next 120-trading-day adjusted return.

Valuation
Momentum
Cheap (own-history bottom third)
Middle
Expensive (own-history top third)
60-day momentum up
+47.5%
Win rate 100% Excess +37.8%
198d
Now
+13.4%
Win rate 67% Excess +7%
267d
Insufficient data
(0d)
60-day momentum down
+35.3%
Win rate 84.8% Excess +24.1%
92d
-1.3%
Win rate 53.1% Excess -14.6%
49d
Insufficient data
(0d)

Currently in “Middle × 60-day momentum up”: across 267 historical days, 120-day forward avg gained 13.4%, win rate 67%, beat the market by 7%.

Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.

Market-wide momentum baseline

Across 99,493 liquid US common-stock samples, top-quintile 6-month momentum was followed by an average 60-trading-day return of +6.42%, a 58.4% positive-return rate, and +3.08 percentage points of average excess return versus the S&P 500.

Baseline: weekly samples since 2016 where a liquid US common stock ranked in the top quintile by 126-trading-day momentum. Forward return is 60 trading days; excess return is versus S&P 500 (^GSPC).

Signals not active now

Inactive signals still show the stock-specific historical forward-return distribution for context.

Top-quintile 6-month momentum

Pending

The stock ranks in the top 20% of the liquid US common-stock universe by 126-day adjusted return.

Momentum Trading Strategy: A 12-1 Momentum Backtest

23 times historically; 60-day forward avg +9.89%, win rate 68.2%, beating the market by +5.8 pts on average.

Filed revenue acceleration

Pending

TTM revenue growth is at least 10% and improved versus the prior filed quarter; event date is the SEC filing date.

6 times historically; 60-day forward avg +7.6%, win rate 66.7%, beating the market by +9.55 pts on average.

EPS surprise beat

Pending

Reported EPS beat consensus estimate by at least 5%; event date is the earnings-surprise timestamp.

PEAD: Post-Earnings Announcement Drift Backtest

18 times historically; 60-day forward avg +5.91%, win rate 61.1%, beating the market by +4.53 pts on average.

Method and limits

  • Returns use us_price:adj_close, adjusted for splits and dividends where available.
  • Excess returns use world_index:^GSPC as the S&P 500 benchmark proxy.
  • Quarterly fundamentals are aligned to SEC filing dates before daily valuation studies.
  • The promoted universe starts from active NYSE/NASDAQ common stocks, then applies price and dollar-volume gates.
  • Snapshot-only tables such as analyst consensus, DCF, us_ratios, and us_key_metrics are intentionally excluded from historical evidence.
  • Overlapping event windows are descriptive distributions, not independent samples.

This page is for historical data analysis and education only. It is not investment advice. Backtests and historical return distributions do not predict future performance; evaluate risk independently before trading.