Analysis for Targa Resources
Description & usage
Targa Resources operates natural-gas and NGL midstream infrastructure, including gathering, processing, transport, and export assets. The business benefits from largely volume-driven fee structures and growing North American gas and liquids flows. Key valuation drivers are throughput growth, contract mix, returns on expansion projects, and balance-sheet leverage discipline.
Basic info
- Symbol
- TRGP
- Type
- Stock
- Region
- US
- Sector
- Energy
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- TRGP
- Type
- Stock
- Region
- US
- Sector
- Energy
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
Targa Resources (TRGP) currently has a total score of 83 points, placing it in the very strong range. The score is made up of Performance (94), Stability (61) and Trend (87). All three sub-scores are currently above average.
Performance scores 94 points (very strong). Key strength: 5Y return at 653.1 %. Even the weakest return is still strong in absolute terms: 1Y return at 20.3 %.
Stability scores 61 points (strong). Key strength: Sharpe ratio (90d) at 2.88. Main drag: max drawdown (10Y) at -91.2 %. That indicates very deep historical drawdowns. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 87 points (very strong). Key strength: trend strength at 0.95. Main drag: relative strength (12M) at 0.1 %.
Overall, the very strong total score is driven mainly by Performance and Trend; Stability is the biggest lever for improvement. On a metric level, Sharpe ratio (90d) stands out, while max drawdown (10Y) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For energy and oil-linked assets, higher Brent typically leans supportive.
Note: ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.