Targa 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
- Market Cap: $1.97 billion
- Outstanding Shares: 184,847,000
- 50 Day Moving Avg: $13.00
- 200 Day Moving Avg: $24.00
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -88.75
- P/E Growth: 0
- 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?
Some companies that are related to Targa Resources Partners LP include PBF Energy (PBF), Cosan Limited (CZZ), Crestwood Equity Partners LP (CEQP), Ngl Energy Partners Lp (NGL), Suburban Propane Partners, L.P. (SPH), CVR Refining, LP (CVRR), American Midstream Partners, LP (AMID), Alon USA Partners, LP (ALDW), Sprague Resources LP (SRLP), Clean Energy Fuels Corp. (CLNE), Arc Logistic Partners LP (ARCX), Aegean Marine Petroleum Network (ANW), Sasol (SSL) and Midcoast Energy Partners LP (MEP).
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?
MarketBeat Community Rating for Targa Resources Partners LP (NYSE NGLS)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.
One share of Targa Resources Partners LP stock can currently be purchased for approximately $10.65.
Consensus Ratings for Targa Resources Partners LP (NYSE:NGLS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
(Data available from 7/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|12/2/2016||Stifel Nicolaus||Downgrade||Buy -> Hold||$50.00 -> $52.00||N/A|
|11/3/2016||Royal Bank Of Canada||Reiterated Rating||Outperform||$46.00 -> $52.00||N/A|
|9/27/2016||Barclays PLC||Upgrade||Equal Weight -> Overweight||$47.00 -> $55.00||N/A|
|9/19/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$41.00 -> $52.00||N/A|
|8/31/2016||Wunderlich||Reiterated Rating||Hold||$44.00 -> $45.00||N/A|
|5/5/2016||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||N/A|
|2/26/2016||Credit Suisse Group||Reiterated Rating||Neutral||$36.00 -> $33.00||N/A|
|1/25/2016||Tudor Pickering||Upgrade||Accumulate -> Buy||N/A|
|1/13/2016||Seaport Global Securities||Downgrade||Buy -> Accumulate||N/A|
|1/14/2016||Jefferies Group LLC||Upgrade||Hold -> Buy||N/A|
|1/4/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|10/20/2015||Robert W. Baird||Upgrade||Neutral -> Outperform||$35.00 -> $39.00||N/A|
Earnings History for Targa Resources Partners LP (NYSE:NGLS)Earnings History by Quarter for Targa Resources Partners LP (NYSE NGLS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/3/2015||Q315||$0.10||$0.02||$1.76 billion||$1.63 billion||View||Listen|
|8/4/2015||Q215||$0.19||$0.01||$2.04 billion||$1.70 billion||View||Listen|
|5/5/2015||Q115||$0.22||$0.21||$1.88 billion||$1.68 billion||View||Listen|
|2/13/2015||Q414||$0.60||$0.58||$2.10 billion||$2.03 billion||View||N/A|
|11/4/2014||Q314||$0.68||$0.78||$2.28 billion||$2.29 billion||View||Listen|
|8/1/2014||Q214||$0.43||$0.64||$2.36 billion||$2.06 billion||View||N/A|
|5/1/2014||Q114||$0.48||$0.78||$2.21 billion||$2.35 billion||View||Listen|
|2/13/2014||Q413||$0.43||$0.70||$1.96 billion||$2.16 billion||View||N/A|
|8/1/2013||Q2 2013||$0.15||$0.01||$1.72 billion||$1.44 billion||View||N/A|
|5/3/2013||Q1 2013||$0.18||$0.16||$1.66 billion||$1.40 billion||View||N/A|
|2/14/2013||Q4 2012||$0.26||$0.14||$1.62 billion||$1.53 billion||View||N/A|
Earnings Estimates for Targa Resources Partners LP (NYSE:NGLS)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Targa Resources Partners LP (NYSE:NGLS)
|Most Recent Dividend:||2/9/2016|
|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 History by Quarter for Targa Resources Partners LP (NYSE NGLS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Targa Resources Partners LP (NYSE:NGLS)Insider Trades by Quarter for Targa Resources Partners LP (NYSE:NGLS)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/21/2013||Ruth Dreessen||Director||Buy||3,000||$40.50||$121,500.00|| |
|2/20/2013||Paul W Chung||EVP||Buy||7,500||$41.14||$308,550.00|| |
Headline Trends for Targa Resources Partners LP (NYSE:NGLS)
Latest Headlines for Targa Resources Partners LP (NYSE:NGLS)
Targa Resources Partners LP (NGLS) Chart for Friday, July, 21, 2017