Targa Exploration Corp. (TEX) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 80.84K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.72
• Revenue Growth: N/A
• EPS Growth: 59.81%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Mining
• EPS (TTM): -0.07
• Shares Outstanding: 103,268,580
• 10 Day Avg. Volume: 30,300
• 30 Day Avg. Volume: 80,836
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -1.60
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Targa Exploration Corp.'s overall score is primarily impacted by its severe financial challenges, including lack of revenue and negative net income. Technical indicators suggest bearish sentiment, and the valuation lacks attractiveness due to negative earnings. Immediate strategic changes are necessary for improvement.

Targa Exploration Corp. Business Overview & Revenue Model

Company Description

Targa Exploration Corp. (TEX) is a company operating in the natural resources sector, primarily focused on the exploration and development of mineral properties. The company is involved in identifying, acquiring, and advancing mineral-rich sites with the potential for high-value extraction. Targa Exploration Corp. leverages advanced geological methods and strategic partnerships to enhance its exploration initiatives and maximize resource potential.

How the Company Makes Money

Targa Exploration Corp. makes money through the exploration and development of mineral properties, which involves identifying and acquiring sites with promising mineral deposits. Once significant mineral potential is confirmed, the company can sell or lease these properties to larger mining companies, or develop them into operational mining sites. Revenue is generated through the sale of mineral rights, royalties from production, joint venture agreements, and potentially direct mining operations if the company chooses to process and sell extracted minerals. Key partnerships with mining operators and investment firms can also provide funding and facilitate profitable project development.

Targa Exploration Corp. Financial Statement Overview

Summary

Targa Exploration Corp. faces severe financial challenges with no revenue generation, negative net income, and a precarious balance sheet position. The lack of cash flow from operations and reliance on financing raises concerns about the company's long-term viability. Immediate strategic changes are necessary to address these financial instabilities.

Income Statement

Targa Exploration Corp. has consistently reported no revenue across all periods, which is a significant concern for its income statement. The company has shown increasing net losses, with no gross profit or positive EBIT margins. This indicates significant operational challenges and a lack of profitability in its core mining activities.

Balance Sheet

The balance sheet reflects a challenging position with negative stockholders' equity in the latest TTM period, indicating the company is in a negative net worth situation. The company has no debt, which is a positive aspect, but the equity ratio is negative due to negative equity, signaling financial instability. The decline in total assets and cash reserves over time further highlights financial strain.

Cash Flow

Cash flows from operations have been consistently negative, indicating a lack of cash generation from core activities. There is no free cash flow growth, and the reliance on financing activities to cover cash deficits is evident. The company's inability to generate positive operating or free cash flow poses significant risks to sustainability.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00
	EBIT
-3.75M	-10.03M	-2.85M	-177.04K	-120.00
	EBITDA
-6.93M	-9.87M	-2.85M	-236.45K	-120.00
	Net Income Common Stockholders
-6.37M	-9.87M	-2.85M	-236.45K	-120.00
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
191.61K	2.22M	604.32K	1.24M	122.38K
	Total Assets
311.44K	2.42M	653.15K	1.24M	122.38K
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-191.61K	-2.22M	-604.32K	-1.24M	-122.38K
	Total Liabilities
502.47K	1.38M	38.88K	12.66K	0.00
	Stockholders Equity
-191.03K	1.04M	614.28K	1.23M	122.38K
Cash Flow		Free Cash Flow
-3.46M	-3.08M	-652.68K	-139.38K	-120.00
	Operating Cash Flow
-3.46M	-3.08M	-652.68K	-139.38K	-120.00
	Investing Cash Flow
0.00	234.40K	0.00	0.00	0.00
	Financing Cash Flow
1.52M	4.47M	16.50K	1.26M	122.50K

Targa Exploration Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TEX, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.02, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.68 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TEX.

Targa Exploration Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALC	73 Outperform	C$618.66M	6.70	10.92%	5.02%	-2.46%	4.75%
Sector *	47 Neutral	$2.72B	-3.49	-20.75%	3.27%	3.42%	-28.80%
FURY	43 Neutral	$86.36M	―	-7.33%	―	―	15.38%
AMY	43 Neutral	C$13.15M	―	-27.99%	―	―	43.89%
TEX	31 Underperform		―	-584.96%	―	―	59.81%
GENM	16 Underperform	$43.84M	―	48.03%	―	―	27.30%