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Bullish Case: TRGP shows robust historical returns up to 52.2% over 2 years, a strong dividend track, and is trading 33.2% above 60 days ago, indicating positive momentum and investor confidence.


Bearish Case: TRGP is trading at a premium with recent insider sales and legal challenges, signaling potential overvaluation and corporate governance concerns that may deter investors.


Potential Outcomes: TRGP maintains volume levels; moderate gain (40%). Decline in volumes due to legal challenges; risk of correction (60%). Implied volatilities suggest market complacency, creating opportunities.


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March 23, 2024


Targa Resources Forecast

TRGP        Targa Resources
Price Forecast: BULLISH    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with TRGP



LBRT Forecast + Options Trading Strategies   [LBRT]  Liberty Oilfield Services (0.93)


FANG Forecast + Options Trading Strategies   [FANG]  Diamondback Energy (0.92)


AROC Forecast + Options Trading Strategies   [AROC]  Archrock (0.9)


EDU Forecast + Options Trading Strategies   [EDU]  New Oriental Education & Technology Group Inc. - (0.89)


CNQ Forecast + Options Trading Strategies   [CNQ]  Canadian Natural Resources (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to TRGP



COCO Forecast + Options Trading Strategies   [COCO]  Vita Coco (-0.0)


XPEV Forecast + Options Trading Strategies   [XPEV]  XPeng (0.0)


ABR Forecast + Options Trading Strategies   [ABR]  Arbor Realty (0.0)


VSCO Forecast + Options Trading Strategies   [VSCO]  Victoria's Secret (-0.0)


LMND Forecast + Options Trading Strategies   [LMND]  Lemonade (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TRGP



PRTA Forecast + Options Trading Strategies   [PRTA]  Prothena (-0.84)


BCE Forecast + Options Trading Strategies   [BCE]  BCE (-0.85)


CRSR Forecast + Options Trading Strategies   [CRSR]  Corsair Gaming (-0.85)


LEG Forecast + Options Trading Strategies   [LEG]  Leggett & Platt (-0.86)


BIIB Forecast + Options Trading Strategies   [BIIB]  Biogen (-0.87)





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