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S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire

Targa Resources (TRGP) Stock Forecast, Price & News

$83.07
-2.36 (-2.76%)
(As of 09/21/2023 ET)
Compare
Today's Range
$83.06
$85.59
50-Day Range
$77.71
$87.53
52-Week Range
$57.23
$87.86
Volume
1.24 million shs
Average Volume
1.39 million shs
Market Capitalization
$18.58 billion
P/E Ratio
22.51
Dividend Yield
2.41%
Price Target
$102.80

Targa Resources MarketRank™ Forecast

Analyst Rating
Buy
3.09 Rating Score
Upside/​Downside
23.8% Upside
$102.80 Price Target
Short Interest
Healthy
1.61% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.39
Upright™ Environmental Score
News Sentiment
0.97mentions of Targa Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.22 M Sold Last Quarter
Proj. Earnings Growth
48.67%
From $4.89 to $7.27 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Oils/Energy Sector

76th out of 242 stocks

Natural Gas Transmission Industry

7th out of 19 stocks


TRGP stock logo

About Targa Resources (NYSE:TRGP) Stock

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. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages 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. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it 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, 2022, it leased and managed approximately 606 railcars; 122 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

TRGP Price History

TRGP Stock News Headlines

Targa Resources (NYSE:TRGP) PT Raised to $105.00
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
What 7 Analyst Ratings Have To Say About Targa Resources
Why Targa Resources (TRGP) Stock Was Higher Today
Targa Resources (NYSE: TRGP)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Targa Resources (TRGP) Receives a Rating Update from a Top Analyst
Is Targa Resources Corp (TRGP) Modestly Overvalued?
Q2 2023 Targa Resources Corp Earnings Call
See More Headlines
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TRGP Company Calendar

Ex-Dividend for 8/15 Dividend
7/28/2023
Last Earnings
8/03/2023
Dividend Payable
8/15/2023
Today
9/21/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
87612G10
Employees
2,850
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$102.80
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$89.00
Forecasted Upside/Downside
+23.8%
Consensus Rating
Buy
Rating Score (0-4)
3.09
Research Coverage
11 Analysts

Profitability

Net Income
$1.14 billion
Pretax Margin
10.35%

Debt

Sales & Book Value

Annual Sales
$17.84 billion
Cash Flow
$9.92 per share
Book Value
$22.01 per share

Miscellaneous

Free Float
220,602,000
Market Cap
$18.58 billion
Optionable
Optionable
Beta
2.27

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Matthew J. Meloy (Age 45)
    CEO & Director
    Comp: $4.53M
  • Ms. Jennifer R. Kneale (Age 44)
    Chief Financial Officer
    Comp: $2.13M
  • Mr. D. Scott PryorMr. D. Scott Pryor (Age 60)
    Pres of Logistics & Transportation
    Comp: $1.65M
  • Mr. Patrick J. McDonie (Age 62)
    Pres of Gathering & Processing
    Comp: $1.65M
  • Mr. Robert M. Muraro (Age 46)
    Chief Commercial Officer
    Comp: $1.65M
  • Mr. G. Clark WhiteMr. G. Clark White (Age 63)
    Exec. VP of Operations
  • Ms. Julie H. BoushkaMs. Julie H. Boushka (Age 60)
    Sr. VP & Chief Accounting Officer
  • Mr. Sanjay Lad
    VP of Fin. & Investor Relations
  • Ms. Regina L. Gregory (Age 52)
    Exec. VP, Gen. Counsel & Sec.
  • Mr. Denny Latham
    Exec. VP of Permian & Gen. Partner













TRGP Stock - Frequently Asked Questions

Should I buy or sell Targa Resources stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TRGP shares.
View TRGP analyst ratings
or view top-rated stocks.

What is Targa Resources' stock price forecast for 2023?

11 brokerages have issued 12 month target prices for Targa Resources' stock. Their TRGP share price forecasts range from $89.00 to $115.00. On average, they predict the company's share price to reach $102.80 in the next twelve months. This suggests a possible upside of 23.8% from the stock's current price.
View analysts price targets for TRGP
or view top-rated stocks among Wall Street analysts.

How have TRGP shares performed in 2023?

Targa Resources' stock was trading at $73.50 at the start of the year. Since then, TRGP stock has increased by 13.0% and is now trading at $83.07.
View the best growth stocks for 2023 here
.

When is Targa Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our TRGP earnings forecast
.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) posted its quarterly earnings data on Thursday, August, 3rd. The pipeline company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.21. The pipeline company earned $3.40 billion during the quarter, compared to analyst estimates of $4.56 billion. Targa Resources had a trailing twelve-month return on equity of 18.14% and a net margin of 4.75%.

How often does Targa Resources pay dividends? What is the dividend yield for Targa Resources?

Targa Resources declared a quarterly dividend on Thursday, July 13th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.50 per share on Tuesday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, July 28th.
Read our dividend analysis for TRGP
.

Is Targa Resources a good dividend stock?

Targa Resources (NYSE:TRGP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.35%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRGP will have a dividend payout ratio of 27.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRGP.

What is Joe Bob Perkins' approval rating as Targa Resources' CEO?

22 employees have rated Targa Resources Chief Executive Officer Joe Bob Perkins on Glassdoor.com. Joe Bob Perkins has an approval rating of 92% among the company's employees. This puts Joe Bob Perkins in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Targa Resources own?
What is Targa Resources' stock symbol?

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

Who are Targa Resources' major shareholders?

Targa Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.41%), State Street Corp (6.61%), Geode Capital Management LLC (2.14%), Kayne Anderson Capital Advisors LP (1.45%), Zimmer Partners LP (1.41%) and Chickasaw Capital Management LLC (1.19%). Insiders that own company stock include Charles R Crisp, Chris Tong, D Scott Pryor, G Clark White, James W Whalen, Joe Bob Perkins, Julie H Boushka, Paul W Chung, Regina Gregory, Rene R Joyce and Robert Muraro.
View institutional ownership trends
.

How do I buy shares of Targa Resources?

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

What is Targa Resources' stock price today?

One share of TRGP stock can currently be purchased for approximately $83.07.

How much money does Targa Resources make?

Targa Resources (NYSE:TRGP) has a market capitalization of $18.58 billion and generates $17.84 billion in revenue each year. The pipeline company earns $1.14 billion in net income (profit) each year or $3.69 on an earnings per share basis.

How many employees does Targa Resources have?

The company employs 2,850 workers across the globe.

How can I contact Targa Resources?

Targa Resources' mailing address is TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002. The official website for the company is www.targaresources.com. The pipeline company can be reached via phone at (713) 584-1000, via email at investorrelations@targaresources.com, or via fax at 713-584-1100.

This page (NYSE:TRGP) was last updated on 9/22/2023 by MarketBeat.com Staff

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