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Targa Resources (TRGP) Stock Price, News & Analysis

Targa Resources logo
$203.16 +2.69 (+1.34%)
Closing price 03:59 PM Eastern
Extended Trading
$203.24 +0.07 (+0.04%)
As of 07:41 PM Eastern
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About Targa Resources Stock (NYSE:TRGP)

Key Stats

Today's Range
$196.09
$203.62
50-Day Range
$178.15
$211.58
52-Week Range
$110.09
$218.51
Volume
1.48 million shs
Average Volume
1.65 million shs
Market Capitalization
$44.31 billion
P/E Ratio
35.39
Dividend Yield
1.48%
Price Target
$211.00
Consensus Rating
Buy

Company Overview

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

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Targa Resources Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
92nd Percentile Overall Score

TRGP MarketRank™: 

Targa Resources scored higher than 92% of companies evaluated by MarketBeat, and ranked 30th out of 274 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Targa Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Targa Resources has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Targa Resources' stock forecast and price target.
  • Earnings Growth

    Earnings for Targa Resources are expected to grow by 19.26% in the coming year, from $8.15 to $9.72 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Targa Resources is 35.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Targa Resources is 35.39, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 52.03.

  • Price to Earnings Growth Ratio

    Targa Resources has a PEG Ratio of 0.61. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Targa Resources has a P/B Ratio of 9.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Targa Resources' valuation and earnings.
  • Percentage of Shares Shorted

    1.93% of the float of Targa Resources has been sold short.
  • Short Interest Ratio / Days to Cover

    Targa Resources has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Targa Resources has recently increased by 8.97%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Targa Resources pays a meaningful dividend of 1.51%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Targa Resources does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Targa Resources is 52.26%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Targa Resources will have a dividend payout ratio of 30.86% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.

  • Read more about Targa Resources' dividend.
  • Percentage of Shares Shorted

    1.93% of the float of Targa Resources has been sold short.
  • Short Interest Ratio / Days to Cover

    Targa Resources has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Targa Resources has recently increased by 8.97%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Targa Resources has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 40 news articles for Targa Resources this week, compared to 14 articles on an average week.
  • Search Interest

    Only 12 people have searched for TRGP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    19 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 111% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Targa Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,613,288.00 in company stock.

  • Percentage Held by Insiders

    Only 1.39% of the stock of Targa Resources is held by insiders.

  • Percentage Held by Institutions

    92.13% of the stock of Targa Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Targa Resources' insider trading history.
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TRGP Stock News Headlines

FY2026 EPS Estimate for Targa Resources Decreased by Analyst
Brokers Offer Predictions for Targa Resources Q1 Earnings
Trump to unlock 15-figure fortune for America (May 3rd) ?
We were shown this map by former Presidential Advisor, Jim Rickards, one of the most politically connected men in America. Rickards has spent his fifty-year career in the innermost circles of the U.S. government and banking. And he believes Trump could soon release this frozen asset to the public.
Targa Resources files automatic mixed securities shelf
Targa Resources (TRGP) Receives a Buy from Barclays
Targa Resources May Still Interest Growth Investors
See More Headlines

TRGP Stock Analysis - Frequently Asked Questions

Targa Resources' stock was trading at $178.50 at the beginning of 2025. Since then, TRGP stock has increased by 13.8% and is now trading at $203.1630.
View the best growth stocks for 2025 here
.

Targa Resources Corp. (NYSE:TRGP) released its quarterly earnings data on Thursday, February, 20th. The pipeline company reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $1.90 by $0.46. The pipeline company had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.48 billion. Targa Resources had a trailing twelve-month return on equity of 28.67% and a net margin of 7.81%.

Top institutional investors of Targa Resources include Penbrook Management LLC (0.01%) and MassMutual Private Wealth & Trust FSB. Insiders that own company stock include Matthew J Meloy, Paul W Chung, Jennifer R Kneale, Robert Muraro, G Clark White, Joe Bob Perkins, Charles R Crisp, D Scott Pryor, Regina Gregory, Julie H Boushka, Gerald R Shrader, Ershel C Redd Jr and Waters S Iv Davis.
View institutional ownership trends
.

Shares of TRGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Targa Resources investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

Record date for 2/14 Dividend
1/31/2025
Ex-Dividend for 2/14 Dividend
1/31/2025
Dividend Payable
2/14/2025
Last Earnings
2/20/2025
Today
4/01/2025
Next Earnings (Estimated)
5/01/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Energy
Industry
Natural gas transmission
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NYSE:TRGP
Employees
2,850
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$211.00
High Stock Price Target
$246.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+3.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
15 Analysts

Profitability

Trailing P/E Ratio
35.39
Forward P/E Ratio
24.93
P/E Growth
0.61
Net Income
$828.20 million
Pretax Margin
11.83%

Debt

Sales & Book Value

Annual Sales
$16.38 billion
Cash Flow
$12.30 per share
Price / Cash Flow
16.52
Book Value
$20.67 per share
Price / Book
9.83

Miscellaneous

Free Float
215,032,000
Market Cap
$44.31 billion
Optionable
Optionable
Beta
2.32

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This page (NYSE:TRGP) was last updated on 4/1/2025 by MarketBeat.com Staff
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