Targa Exploration Corp. (TEX) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 59.00K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.99
• Revenue Growth: N/A
• EPS Growth: 59.81%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 61
• Industry: Industrial Materials
• EPS (TTM): -0.07
• Shares Outstanding: 103,268,580
• 10 Day Avg. Volume: 67,740
• 30 Day Avg. Volume: 58,998
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• 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 financial instability, demonstrated by a lack of revenue and negative cash flow, heavily impacts its stock score. Weak technical indicators and an unattractive valuation further depress the score, suggesting significant risk for potential investors.

Targa Exploration Corp. Business Overview & Revenue Model

Company Description

Targa Exploration Corp. (TEX) is a company operating in the mineral exploration sector. The company focuses on identifying, acquiring, and exploring mineral properties with the potential for significant mineral deposits. Targa Exploration Corp. aims to advance these properties through exploration and development to create value for its shareholders.

How the Company Makes Money

Targa Exploration Corp. primarily makes money through the exploration and development of mineral properties. The company generates revenue by discovering mineral deposits and either selling the rights to these deposits to larger mining companies or entering into joint ventures and partnerships for further development. Additionally, Targa may raise capital through issuing shares or securing investments to fund its exploration activities, which can lead to future earnings as the projects progress and gain value.

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.

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
Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00
	EBIT
-10.03M	-2.85M	-177.04K	-120.00
	EBITDA
-9.87M	-2.85M	-236.45K	-120.00
	Net Income Common Stockholders
-9.87M	-2.85M	-236.45K	-120.00
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.22M	604.32K	1.24M	122.38K
	Total Assets
2.42M	653.15K	1.24M	122.38K
	Total Debt
0.00	0.00	0.00	0.00
	Net Debt
-2.22M	-604.32K	-1.24M	-122.38K
	Total Liabilities
1.38M	38.88K	12.66K	0.00
	Stockholders Equity
1.04M	614.28K	1.23M	122.38K
Cash Flow		Free Cash Flow
-3.08M	-652.68K	-139.38K	-120.00
	Operating Cash Flow
-3.08M	-652.68K	-139.38K	-120.00
	Investing Cash Flow
234.40K	0.00	0.00	0.00
	Financing Cash Flow
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: Positive

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 0.02, 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 46.74 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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	76 Outperform	C$623.93M	6.72	10.92%	5.04%	-2.46%	4.75%
Sector *	49 Neutral	$1.96B	-1.54	-21.88%	3.78%	0.55%	-26.98%
AMY	45 Neutral	C$18.41M	―	-25.82%	―	―	52.14%
FURY	42 Neutral	$82.05M	―	-80.27%	―	―	-501.01%
GENM	40 Underperform	$43.84M	―	48.03%	―	―	3.28%
TEX	29 Underperform		―	-584.96%	―	―	59.81%