Targa Resources Partners LP Company Profile (NYSE:NGLS)

About Targa Resources Partners LP

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: Basic Materials
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: NGLS
  • CUSIP:
Key Metrics:
  • Previous Close: $0.00
  • 50 Day Moving Average: $13
  • 200 Day Moving Average: $24
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -88.75
  • P/E Growth: 0
  • Market Cap: $N/A
  • Outstanding Shares: 184,847,000
Additional Links:
Companies Related to Targa Resources Partners LP:

Analyst Ratings

Consensus Ratings for Targa Resources Partners LP (NYSE:NGLS) (?)
Ratings Breakdown: 3 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.57)
Consensus Price Target: $48.17 (352.27% upside)

Analysts' Ratings History for Targa Resources Partners LP (NYSE:NGLS)
Show:
DateFirmActionRatingPrice TargetDetails
12/2/2016Stifel NicolausDowngradeBuy -> Hold$50.00 -> $52.00View Rating Details
11/3/2016RBC Capital MarketsReiterated RatingOutperform$46.00 -> $52.00View Rating Details
9/27/2016Barclays PLCUpgradeEqual Weight -> Overweight$47.00 -> $55.00View Rating Details
9/19/2016Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$41.00 -> $52.00View Rating Details
8/31/2016WunderlichReiterated RatingHold$44.00 -> $45.00View Rating Details
5/5/2016Capital One Financial CorporationUpgradeEqual Weight -> OverweightView Rating Details
2/26/2016Credit Suisse GroupReiterated RatingNeutral$36.00 -> $33.00View Rating Details
1/25/2016Tudor PickeringUpgradeAccumulate -> BuyView Rating Details
1/13/2016Seaport Global SecuritiesDowngradeBuy -> AccumulateView Rating Details
1/14/2016Jefferies Group LLCUpgradeHold -> BuyView Rating Details
1/4/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformView Rating Details
11/5/2015Royal Bank Of CanadaReiterated RatingOutperform$90.00 -> $69.00View Rating Details
10/20/2015Robert W. BairdUpgradeNeutral -> Outperform$35.00 -> $39.00View Rating Details
7/15/2015Citigroup Inc.UpgradeNeutral -> BuyView Rating Details
6/5/2015BMO Capital MarketsReiterated RatingMarket Perform$47.00 -> $45.00View Rating Details
5/6/2015J P Morgan Chase & CoDowngradeOverweight -> Neutral$50.00 -> $49.00View Rating Details
3/18/2015Wells Fargo & CompanyInitiated CoverageMarket PerformView Rating Details
(Data available from 2/21/2015 forward)

Earnings

Earnings History 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$0.59$0.58$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$0.49$0.78$2.21 billion$2.35 billionViewListenView Earnings Details
2/19/2014Q413$0.43$0.70$1.96 billion$2.16 billionViewN/AView Earnings Details
11/4/2013Q313$0.31$0.30$1.98 billion$1.56 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)
Current Year EPS Consensus Estimate: $0.22 EPS
Next Year EPS Consensus Estimate: $-0.12 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161($0.03)($0.03)($0.03)
Q2 20161$0.03$0.03$0.03
Q3 20161$0.07$0.07$0.07
Q4 20161$0.08$0.08$0.08
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)
Annual Dividend:$0.00
Dividend Yield:0.00%
Dividend Growth:-33.70% (3 Year Average)
Payout Ratio:0.00% (Based on Current Year Consensus EPS Estimate)
0.00% (Based on Next Year Consensus EPS Estimate)
Track Record:7 Years of Consecutive Dividend Growth

Dividend History 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 History 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

Latest Headlines for Targa Resources Partners LP (NYSE:NGLS)
DateHeadline
bloomberg.com logoWeird Things Are Happening in the Salt Caverns of Mont Belvieu - Bloomberg (NYSE:NGLS)
www.bloomberg.com - February 17 at 8:27 AM
News IconDividend Growth of Targa Resources, Inc.(TRGP) - Highland Mirror (NYSE:NGLS)
www.highlandmirror.com - February 17 at 8:27 AM
marketrealist.com logoIs Targa Resources Stock Set to Generate High Returns in 2017? (NYSE:NGLS)
marketrealist.com - February 17 at 8:27 AM
News IconStifel Just Issued “Hold” Rating on Targa Resources Corp (TRGP) - Highland Mirror (NYSE:NGLS)
www.highlandmirror.com - February 16 at 6:23 PM
nasdaq.com logoTarga Resources Partners LP Announces Monthly Distribution on Preferred Units (NYSE:NGLS)
www.nasdaq.com - February 16 at 6:23 PM
us.rd.yahoo.com logoTarga Resources’ Gathering & Processing Segment’s Earnings Rise (NYSE:NGLS)
us.rd.yahoo.com - February 16 at 6:23 PM
fool.com logoDCP Midstream LP Continues to Feel the Burn From Lower Commodity Prices - Motley Fool (NYSE:NGLS)
www.fool.com - February 14 at 9:36 PM
News IconShares of Targa Resources, Inc. (TRGP) Sees Large Inflow of Net Money Flow - Highland Mirror (NYSE:NGLS)
www.highlandmirror.com - February 13 at 9:53 AM
istreetwire.com logoStocks Highlights: Targa Resources Corp. (TRGP), Ross Stores, Inc. (ROST), Advance Auto Parts, Inc. (AAP) - iStreetWire (NYSE:NGLS)
istreetwire.com - February 10 at 12:54 AM
us.rd.yahoo.com logoTarga Resources Is Expected to Report Higher 4Q16 Earnings (NYSE:NGLS)
us.rd.yahoo.com - February 9 at 7:51 PM
marketrealist.com logoIs Targa Resources’ Cash Flow Stable? (NYSE:NGLS)
marketrealist.com - February 9 at 7:51 PM
marketrealist.com logoAnalyzing Targa Resources’ Growth Projects (NYSE:NGLS)
marketrealist.com - February 9 at 7:51 PM
News IconStock Price of Targa Resources, Inc. (TRGP) Increases 4.01% - Morning Outlook (NYSE:NGLS)
www.morningoutlook.com - February 6 at 9:35 AM
News IconAs Targa Resources Corp (TRGP) Shares Rose, Center Coast Capital Advisors LP Has Decreased by $6.81 Million Its Holding (NYSE:NGLS)
randolphguide.com - February 1 at 7:53 PM
us.rd.yahoo.com logoBaird Is Bullish on MLPs Expanding in Permian (NYSE:NGLS)
us.rd.yahoo.com - January 31 at 7:44 PM
istreetwire.com logoThree Movers to Watch for: Targa Resources Corp. (TRGP), 3M Company (MMM), EQT Corporation (EQT) - iStreetWire (NYSE:NGLS)
istreetwire.com - January 31 at 12:30 AM
News IconTarga to buy Permian midstream assets for up to $1.5 billion (NYSE:NGLS)
www.ogj.com - January 24 at 7:36 PM
nasdaq.com logoTarga Resources Corp. Commences Public Offering of Common ... - Nasdaq (NYSE:NGLS)
www.nasdaq.com - January 24 at 7:38 AM
News IconTarga Resources Corp. Commences Public Offering of Common Stock - ForexTV.com (NYSE:NGLS)
forextv.com - January 23 at 7:07 PM
markets.financialcontent.com logoTarga Resources Corp. Prices Upsized Public Offering of Common Stock (NYSE:NGLS)
markets.financialcontent.com - January 23 at 9:53 AM
bizjournals.com logoHouston-based energy company could pay more than $1B for Permian assets (NYSE:NGLS)
www.bizjournals.com - January 23 at 9:53 AM
News IconToday's Price Action: Targa Resources Corp Sets 52-Week High; Strong Momentum for Holders - Fair View Times (NYSE:NGLS)
fairviewtimes.com - January 19 at 12:26 AM
marketrealist.com logoWhy Targa Resources Was Upgraded by Raymond James (NYSE:NGLS)
marketrealist.com - January 18 at 7:24 PM
News IconOwnership Action Alert: Targa Resources Corp (NYSE:TRGP): Stock Institutional Investors Are Bullish About - Baxley Report (NYSE:NGLS)
baxleyreport.com - January 18 at 8:24 AM
finance.yahoo.com logoTarga Resources Partners LP Announces Monthly Distribution on Preferred Units - Yahoo Finance (NYSE:NGLS)
finance.yahoo.com - January 17 at 11:30 AM
News IconWalnut Private Equity Partners Cuts Position in Targa Resources Corp (TRGP) - Highland Mirror (NYSE:NGLS)
www.highlandmirror.com - January 14 at 1:14 AM
News IconAnalyst Issues Short Term Price Target on Targa Resources, Inc. (NYSE:TRGP) - Highland Mirror (NYSE:NGLS)
www.highlandmirror.com - January 13 at 12:26 AM
istreetwire.com logoStocks in Focus: Targa Resources Corp. (TRGP), Analog Devices, Inc. (ADI), Discovery Communications, Inc. (DISCA) - iStreetWire (NYSE:NGLS)
istreetwire.com - January 10 at 9:02 AM
marketexclusive.com logoTARGA RESOURCES PARTNERS LP (NYSE:NGLS) Files An 8-K Entry into a Material Definitive Agreement (NYSE:NGLS)
marketexclusive.com - January 9 at 7:30 PM
marketexclusive.com logoTARGA RESOURCES PARTNERS LP (NASDAQ:NGLS) Files An 8-K Entry into a Material Definitive Agreement (NYSE:NGLS)
marketexclusive.com - January 6 at 7:31 PM
marketrealist.com logoWhat Are Targa Resources’ Key Capital Projects? (NYSE:NGLS)
marketrealist.com - January 2 at 9:13 AM
marketexclusive.com logoTARGA RESOURCES PARTNERS LP (NASDAQ:NGLS) Files An 8-K Other Events (NYSE:NGLS)
marketexclusive.com - December 30 at 7:10 PM
marketrealist.com logoAre Targa Resources’ Cash Flows Stable? (NYSE:NGLS)
marketrealist.com - December 30 at 7:10 PM
4-traders.com logoédit Agricole : Opening hours during holidays (NYSE:NGLS)
www.4-traders.com - December 30 at 7:49 AM
marketrealist.com logoMust-Know: Targa Resources’ LPG Exports (NYSE:NGLS)
marketrealist.com - December 30 at 7:49 AM
marketrealist.com logoHow Are Targa Resources’ Segments Performing? (NYSE:NGLS)
marketrealist.com - December 29 at 6:48 PM
marketrealist.com logoHow Do Targa Resources’ Operational Metrics Look? (NYSE:NGLS)
marketrealist.com - December 29 at 9:35 AM
marketrealist.com logoTarga Resources Stock More than Doubled in 2016: What’s Ahead? (NYSE:NGLS)
marketrealist.com - December 28 at 6:40 PM
News IconTarga Resources Partners LP – Strategy, SWOT and Corporate Finance Report (NYSE:NGLS)
pressreleaseping.com - December 27 at 10:06 AM
marketexclusive.com logoInsider Trading Activity Targa Resources Corp (NYSE:TRGP) – Insider Sold 8,300 shares of Stock (NYSE:NGLS)
marketexclusive.com - December 23 at 6:59 PM
istreetwire.com logoZoetis Inc. (ZTS), Harley-Davidson, Inc. (HOG), Targa ... - istreetwire - iStreetWire (NYSE:NGLS)
istreetwire.com - December 21 at 11:11 AM
istreetwire.com logoStocks In Action: ARIAD Pharmaceuticals, Inc. (ARIA), Intersil ... - iStreetWire (NYSE:NGLS)
istreetwire.com - December 20 at 12:46 PM
News IconSignificant Insider Change: Targa Resources Corp (NYSE:TRGP)'s Insider Jeffrey Mcparland Unloaded 100 Shares - Thorold News (NYSE:NGLS)
www.whatsonthorold.com - December 16 at 12:45 AM
News IconSignificant Insider Change: Targa Resources Corp (NYSE:TRGP)’s Insider Jeffrey Mcparland Unloaded 100 Shares (NYSE:NGLS)
www.whatsonthorold.com - December 16 at 12:45 AM
News IconTarga Resources Partners LP (NGLS) Lowered to Hold at Stifel Nicolaus (NYSE:NGLS)
thevillagessuntimes.com - December 6 at 11:34 PM
News IconToday, The Stifel Nicolaus Downgrade Targa Resources Partners LP (NGLS) to Hold (NYSE:NGLS)
vouxmagazine.com - December 6 at 6:33 PM
marketexclusive.com logoTARGA RESOURCES CORP. (NYSE:TRGP) Files An 8-K Entry into a Material Definitive Agreement (NYSE:NGLS)
marketexclusive.com - December 2 at 11:37 AM
istreetwire.com logoStocks on the Move: Parsley Energy, Inc. (PE), Valero Energy Corporation (VLO), Targa Resources Corp. (TRGP) - iStreetWire (NYSE:NGLS)
istreetwire.com - December 1 at 9:19 AM
marketexclusive.com logoTARGA RESOURCES CORP. (NYSE:TRGP) Files An 8-K Other Events - Market Exclusive (NYSE:NGLS)
marketexclusive.com - November 22 at 6:34 PM
istreetwire.com logoStocks To Watch: Targa Resources Corp. (TRGP), The Goodyear Tire & Rubber Company (GT), Parsley Energy, Inc. (PE) - iStreetWire (NYSE:NGLS)
istreetwire.com - November 22 at 10:41 AM

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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."

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

7 analysts have issued 1-year target prices for Targa Resources Partners LP's shares. Their predictions range from $33.00 to $55.00. On average, they expect Targa Resources Partners LP's share price to reach $48.17 in the next twelve months.

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.

How much does a share of Targa Resources Partners LP stock cost?

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

Targa Resources Partners LP (NYSE:NGLS) Chart for Tuesday, February, 21, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Targa Resources Partners LP (NYSE:NGLS)

Earnings History Chart

Earnings by Quarter for Targa Resources Partners LP (NYSE:NGLS)

Dividend History Chart

Dividend Payments by Quarter for Targa Resources Partners LP (NYSE:NGLS)

Last Updated on 2/21/2017 by MarketBeat.com Staff