Targa Resources Partners LP Company Profile (NYSE:NGLS)

About Targa Resources Partners LP (NYSE:NGLS)

Targa Resources Partners LP logoTarga Resources Partners LP is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States with a presence in crude oil gathering and petroleum terminaling. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to liquefied petroleum gas (LPG) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. The Company operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets and Marketing and Distribution.

Industry, Sector and Symbol:
  • Sector: Energy
  • Industry: Oil & Gas Refining and Marketing
  • Sub-Industry: N/A
  • Symbol: NYSE:NGLS
  • CUSIP: N/A
  • Web: N/A
Capitalization:
  • Market Cap: $1.97 billion
  • Outstanding Shares: 184,847,000
Average Prices:
  • 50 Day Moving Avg: $13.00
  • 200 Day Moving Avg: $24.00
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -88.75
  • P/E Growth: 0
Dividend:
  • Dividend Yield: 32.9%
Profitability:
  • Net Margins: 3.27%
  • Return on Equity: 0.29%
  • Return on Assets: 1.61%
 

Frequently Asked Questions for Targa Resources Partners LP (NYSE:NGLS)

What is Targa Resources Partners LP's stock symbol?

Targa Resources Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "NGLS."

How were Targa Resources Partners LP's earnings last quarter?

Targa Resources Partners LP (NYSE:NGLS) posted its earnings results on Tuesday, November, 4th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.10. The firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Targa Resources Partners LP had a net margin of 3.27% and a return on equity of 0.29%. The firm's revenue for the quarter was up 56.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. View Targa Resources Partners LP's Earnings History.

Where is Targa Resources Partners LP's stock going? Where will Targa Resources Partners LP's stock price be in 2017?

2 analysts have issued twelve-month price targets for Targa Resources Partners LP's stock. Their predictions range from $52.00 to $52.00. On average, they anticipate Targa Resources Partners LP's stock price to reach $52.00 in the next year. View Analyst Ratings for Targa Resources Partners LP.

Who are some of Targa Resources Partners LP's key competitors?

Who are Targa Resources Partners LP's key executives?

Targa Resources Partners LP's management team includes the folowing people:

  • James W. Whalen, Executive Chairman of the Board of Targa Resources GP LLC
  • Joe Bob Perkins, Chief Executive Officer, Director of Targa Resources GP LLC
  • Michael A. Heim, Vice Chairman of the Board of Targa Resources GP LLC
  • Matthew J. Meloy, Chief Financial Officer, Executive Vice President of Targa Resources GP LLC
  • Jeffrey J. McParland, President - Finance and Administration of Targa Resources GP LLC
  • Paul W. Chung, Executive Vice President, General Counsel, Secretary of Targa Resources GP LLC
  • D. Scott Pryor, Executive Vice President - Logistics and Marketing of Targa Resources GP LLC
  • Patrick J. McDonie, Executive Vice President - Southern Field Gathering and Processing of Targa Resources GP LLC
  • Daniel Chris Middlebrooks, Executive Vice President - Northern Field Gathering and Processing of Targa Resources GP LLC
  • Robert Muraro, Executive Vice President - Commercial of Targa Resources GP LLC

How do I buy Targa Resources Partners LP stock?

Shares of Targa Resources Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Targa Resources Partners LP's stock price today?

One share of Targa Resources Partners LP stock can currently be purchased for approximately $10.65.


MarketBeat Community Rating for Targa Resources Partners LP (NYSE NGLS)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  243 (Vote Outperform)
Underperform Votes:  295 (Vote Underperform)
Total Votes:  538
MarketBeat's community ratings are surveys of what our community members think about Targa Resources Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Targa Resources Partners LP (NYSE:NGLS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $52.00 (388.26% upside)
Consensus Price Target History for Targa Resources Partners LP (NYSE:NGLS)
Price Target History for Targa Resources Partners LP (NYSE:NGLS)
Analysts' Ratings History for Targa Resources Partners LP (NYSE:NGLS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
12/2/2016Stifel NicolausDowngradeBuy -> Hold$50.00 -> $52.00N/AView Rating Details
11/3/2016Royal Bank Of CanadaReiterated RatingOutperform$46.00 -> $52.00N/AView Rating Details
9/27/2016Barclays PLCUpgradeEqual Weight -> Overweight$47.00 -> $55.00N/AView Rating Details
9/19/2016Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$41.00 -> $52.00N/AView Rating Details
8/31/2016WunderlichReiterated RatingHold$44.00 -> $45.00N/AView Rating Details
5/5/2016Capital One Financial CorporationUpgradeEqual Weight -> OverweightN/AView Rating Details
2/26/2016Credit Suisse GroupReiterated RatingNeutral$36.00 -> $33.00N/AView Rating Details
1/25/2016Tudor PickeringUpgradeAccumulate -> BuyN/AView Rating Details
1/13/2016Seaport Global SecuritiesDowngradeBuy -> AccumulateN/AView Rating Details
1/14/2016Jefferies Group LLCUpgradeHold -> BuyN/AView Rating Details
1/4/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Targa Resources Partners LP (NYSE:NGLS)
Earnings by Quarter for Targa Resources Partners LP (NYSE:NGLS)
Earnings History by Quarter for Targa Resources Partners LP (NYSE NGLS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2015Q315$0.10$0.02$1.76 billion$1.63 billionViewListenView Earnings Details
8/4/2015Q215$0.19$0.01$2.04 billion$1.70 billionViewListenView Earnings Details
5/5/2015Q115$0.22$0.21$1.88 billion$1.68 billionViewListenView Earnings Details
2/13/2015Q414$0.60$0.58$2.10 billion$2.03 billionViewN/AView Earnings Details
11/4/2014Q314$0.68$0.78$2.28 billion$2.29 billionViewListenView Earnings Details
8/1/2014Q214$0.43$0.64$2.36 billion$2.06 billionViewN/AView Earnings Details
5/1/2014Q114$0.48$0.78$2.21 billion$2.35 billionViewListenView Earnings Details
2/13/2014Q413$0.43$0.70$1.96 billion$2.16 billionViewN/AView Earnings Details
8/1/2013Q2 2013$0.15$0.01$1.72 billion$1.44 billionViewN/AView Earnings Details
5/3/2013Q1 2013$0.18$0.16$1.66 billion$1.40 billionViewN/AView Earnings Details
2/14/2013Q4 2012$0.26$0.14$1.62 billion$1.53 billionViewN/AView Earnings Details
11/1/2012$0.39$0.25ViewN/AView Earnings Details
8/6/2012$0.42$0.35ViewN/AView Earnings Details
5/3/2012$0.50$0.63ViewN/AView Earnings Details
2/23/2012$0.51$0.75ViewN/AView Earnings Details
11/7/2011$0.33$0.31ViewN/AView Earnings Details
8/8/2011$0.38$0.55ViewN/AView Earnings Details
5/5/2011$0.25$0.37ViewN/AView Earnings Details
2/24/2011$0.35$0.39ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Targa Resources Partners LP (NYSE:NGLS)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.05$0.05$0.05
Q2 20171$0.13$0.13$0.13
Q3 20171$0.14$0.14$0.14
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Targa Resources Partners LP (NYSE:NGLS)
Most Recent Dividend:2/9/2016
Dividend Yield:0.00%
Dividend Growth:-33.70% (3 Year Average)
Payout Ratio:0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Track Record:7 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Targa Resources Partners LP (NYSE:NGLS)

Dividend History by Quarter for Targa Resources Partners LP (NYSE NGLS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/19/2016quarterly$0.8328.92%1/29/20162/2/20162/9/2016
10/20/2015quarterly$0.8310.31%10/29/201511/2/201511/13/2015
7/21/2015quarterly$0.838.88%7/30/20158/3/20158/14/2015
4/22/2015quarterly$0.827.19%4/30/20155/4/20155/15/2015
1/21/2015quarterly$0.816.9%1/29/20152/2/20152/13/2015
10/23/2014$0.8010/30/201411/3/201411/14/2014
7/15/2014quarterly$0.784.54%7/24/20147/28/20148/14/2014
4/15/2014quarterly$0.764.94%4/24/20144/28/20145/15/2014
1/14/2014$0.751/23/20141/27/20142/14/2014
10/22/2013quarterly$0.735.46%10/29/201310/31/201311/14/2013
7/17/2013quarterly$0.725.45%7/25/20137/29/20138/14/2013
4/18/2013quarterly$0.705.93%4/25/20134/29/20135/15/2013
1/17/2013quarterly$0.686.88%1/24/20131/28/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Targa Resources Partners LP (NYSE:NGLS)
Insider Trades by Quarter for Targa Resources Partners LP (NYSE:NGLS)
Institutional Ownership by Quarter for Targa Resources Partners LP (NYSE:NGLS)
Insider Trades by Quarter for Targa Resources Partners LP (NYSE:NGLS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/21/2013Ruth DreessenDirectorBuy3,000$40.50$121,500.00View SEC Filing  
2/20/2013Paul W ChungEVPBuy7,500$41.14$308,550.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Targa Resources Partners LP (NYSE:NGLS)
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Chart

Targa Resources Partners LP (NGLS) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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