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 - NEC
  • 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) issued its earnings results on Tuesday, November, 4th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.10. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Targa Resources Partners LP had a return on equity of 0.29% and a net margin of 3.27%. The business's revenue was up 56.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $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?

5 brokers have issued 12 month price targets for Targa Resources Partners LP's stock. Their predictions range from $45.00 to $55.00. On average, they anticipate Targa Resources Partners LP's share price to reach $51.20 in the next twelve months. 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 ( )
Outperform Votes:  212 (Vote Outperform)
Underperform Votes:  256 (Vote Underperform)
Total Votes:  468
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: 2 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $51.20 (380.75% upside)

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
10/20/2015Robert W. BairdUpgradeNeutral -> Outperform$35.00 -> $39.00N/AView Rating Details
(Data available from 7/21/2015 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)
Latest Headlines for Targa Resources Partners LP (NYSE:NGLS)
Source:
DateHeadline
prnewswire.com logoTechnical Reports on Oil and Gas Equities -- Enbridge, Cheniere Energy, Plains GP, and Targa Resources - PR Newswire (press release)
www.prnewswire.com - June 20 at 7:43 AM
seekingalpha.com logo7% In 3.5 Years From A B+ Rated Preferred Stock With No Interest Rate Risk
seekingalpha.com - June 19 at 11:10 AM
seekingalpha.com logoTarga Resources: 8% Yield With New Permian Growth Initiatives
seekingalpha.com - June 13 at 6:55 PM
marketwatch.com logoTarga Resources Corp. Commences Public Offering of Common Stock
www.marketwatch.com - May 26 at 4:48 AM
nasdaq.com logoTarga Resources Partners LP Announces Monthly Distribution on ... - Nasdaq
www.nasdaq.com - May 18 at 8:10 AM
americanbankingnews.com logoTarga Resources Partners (NGLS) Given Daily Media Sentiment Rating of 0.22
www.americanbankingnews.com - April 27 at 10:38 PM
barrons.com logoTop Picks in MLPs Skewed Toward Natural Gas - Barron's
www.barrons.com - April 27 at 9:57 AM
streetinsider.com logoForm NQ FIRST TRUST ENERGY INFRA For: Feb 28 - StreetInsider.com
www.streetinsider.com - April 24 at 12:13 PM
americanbankingnews.com logoTarga Resources Partners (NGLS) Getting Positive Press Coverage, Analysis Shows
www.americanbankingnews.com - April 19 at 12:59 PM
finance.yahoo.com logoWill Targa Resources Increase Its Dividend in 2017?
finance.yahoo.com - April 13 at 6:33 PM
finance.yahoo.com logoTarga Resources’ Valuation Could Indicate a Buying Opportunity
finance.yahoo.com - April 13 at 6:33 PM
streetinsider.com logoForm NQ FIRST TRUST ENERGY INCOM For: Feb 28 - StreetInsider.com
www.streetinsider.com - April 13 at 12:46 AM
marketwatch.com logoIn the midst of an oil-price slump, one area in Texas is enjoying a bit of a boom - MarketWatch
www.marketwatch.com - April 9 at 9:46 AM
finance.yahoo.com logoWill Targa Resources Stock Generate High Returns in 2017?
finance.yahoo.com - April 7 at 11:28 AM
nasdaq.com logoTarga Resources Partners LP Announces Monthly Distribution on Preferred Units - Nasdaq
www.nasdaq.com - March 16 at 8:59 AM
globenewswire.com logoTarga Resources Partners LP Announces Monthly Distribution on Preferred Units - GlobeNewswire (press release)
globenewswire.com - March 14 at 5:54 PM
bloomberg.com logoWeird Things Are Happening in the Salt Caverns of Mont Belvieu - Bloomberg
www.bloomberg.com - February 17 at 8:27 AM
nasdaq.com logoTarga Resources Partners LP Announces Monthly Distribution on Preferred Units
www.nasdaq.com - February 16 at 6:23 PM
us.rd.yahoo.com logoTarga Resources’ Gathering & Processing Segment’s Earnings Rise
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
www.fool.com - February 14 at 9:36 PM
us.rd.yahoo.com logoTarga Resources Is Expected to Report Higher 4Q16 Earnings
us.rd.yahoo.com - February 9 at 7:51 PM
us.rd.yahoo.com logoBaird Is Bullish on MLPs Expanding in Permian
us.rd.yahoo.com - January 31 at 7:44 PM
nasdaq.com logoTarga Resources Corp. Commences Public Offering of Common ... - Nasdaq
www.nasdaq.com - January 24 at 7:38 AM
bizjournals.com logoHouston-based energy company could pay more than $1B for Permian assets
www.bizjournals.com - January 23 at 9:53 AM
finance.yahoo.com logoTarga Resources Partners LP Announces Monthly Distribution on Preferred Units - Yahoo Finance
finance.yahoo.com - January 17 at 11:30 AM

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Chart

Targa Resources Partners LP (NGLS) Chart for Friday, July, 21, 2017

This page was last updated on 7/21/2017 by MarketBeat.com Staff