TR
TRGP
+2.3%🟢 Fundamentally supportedTarga Resources Corp. · Utilities
$289.01Vol 1.11M · 0.9× normalMkt cap +$1.39Bafter · 2026-10-16 ET
What happened
Move
+2.3%
Price
$289.01
Volume
1.11M
0.9× normal
Market cap
$61.97B
+$1.39B today
Why it moved
Earnings releasemedium confidence
- Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Third Quarter 2026 Earnings Webcast — finnhub-news
- Citigroup Maintains Buy on Targa Resources, Raises Price Target to $325 — finnhub-news
Possible catalyst: earnings release.
Verdict — was the move justified?
🟢 Fundamentally supported
Earnings release — direction and rough magnitude are consistent with the identified fundamental catalyst.
How unusual is this move
σ score
1.6σ
vs own 20d volatility
Percentile
79th
of 1278 daily moves
Avg daily move
±1.5%
own 5y average
What happened after similar moves
217 similar up moves in TRGP’s 5-year history:
After 5 days
+1.1%
62% higher
After 20 days
+3.1%
64% higher
Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.
Fundamental context
V 57G 68P 85H 28Q 54EW 42/65
Insider activity (90d): net selling $2.13M
Valuation context
P/E (TTM)
27.9
5y median 31.2
P/E percentile
29%
vs own 5y history
FCF yield
0.0%
Valuation sits near the middle of its own historical range (29th percentile).
Full fundamental analysis on PreMarketPrice
Pillar scores, financial statements, valuation history, news & more for TRGP