Targa Exploration Corp. (TEX) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 21.48K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.47
• Revenue Growth: N/A
• EPS Growth: 59.81%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 41,327,988
• 10 Day Avg. Volume: 20,627
• 30 Day Avg. Volume: 21,485
• PEG Ratio: -0.03
• Price to Book (P/B): 29.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.97
• 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

• Rating: 29 Underperform
• Price Target: ―

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. engages in the acquisition, exploration, and development of mineral properties in Canada. It holds an option to acquire 100% interests in the Shanghai property with 150 Quartz claims covering 2,600 hectares located in the Mayo mining district, Yukon territory. The company was formerly known as RCM Minerals Ltd. and changed its name to Targa Exploration Corp. in July 2021. Targa Exploration Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

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	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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
EBITDA	-6.93M	-9.87M	-2.85M	-117.63K	-120.00
Net Income	-6.37M	-9.87M	-2.85M	-236.45K	-120.00
Balance Sheet
Total Assets	311.44K	2.42M	653.15K	1.24M	122.38K
Cash, Cash Equivalents and Short-Term Investments	191.61K	2.22M	604.32K	1.24M	122.38K
Total Debt	0.00	0.00	0.00	0.00	0.00
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: Neutral
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TEX, the sentiment is Neutral. The current price of 0.16 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.17, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.41 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:TEX.

Targa Exploration Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	70 Outperform	¥176.16B	10.59	6.15%	3.18%	3.61%	-0.15%
SCV	34 Underperform	C$1.30M	―	-218.89%	―	―	-832.79%
TEX	29 Underperform		―	-1069.90%	―	―	59.81%
PGP	―	C$339.12K	―		―	―	―
MYR	13 Underperform	C$3.02M	―	-118.58%	―	―	71.60%
AWR	―	C$522.61K	―	-110.32%	―	―	―
WALRF	―	$406.24K	―	-84.55%	―	―	―