About Targa Resources Corp
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Partnership operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division has 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: Oils/Energy
- Industry: Oil & Gas Pipelines
- Sub-Industry: Oil & Gas Storage & Transportation
- Exchange: NYSE
- Symbol: TRGP
- CUSIP: 87612G10
- Previous Close: $56.23
- 50 Day Moving Average: $58.85
- 200 Day Moving Average: $51.19
- 52-Week Range: $20.81 - $61.83
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 244.48
- P/E Growth: -10.07
- Market Cap: $10.17B
- Outstanding Shares: 180,827,000
- Beta: 2.07
- Net Margins: -0.15%
- Return on Equity: 0.24%
- Return on Assets: 0.11%
Companies Related to Targa Resources Corp:
- Debt-to-Equity Ratio: 0.80%
- Current Ratio: 1.03%
- Quick Ratio: 0.87%
What is Targa Resources Corp's stock symbol?
Targa Resources Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRGP."
How often does Targa Resources Corp pay dividends? What is the dividend yield for Targa Resources Corp?
Targa Resources Corp declared a quarterly dividend on Thursday, January 19th. Investors of record on Wednesday, February 1st will be given a dividend of $0.91 per share on Wednesday, February 15th. This represents a $3.64 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Monday, January 30th.
Where is Targa Resources Corp's stock going? Where will Targa Resources Corp's stock price be in 2017?
16 equities research analysts have issued twelve-month price objectives for Targa Resources Corp's stock. Their forecasts range from $30.00 to $65.00. On average, they expect Targa Resources Corp's share price to reach $49.77 in the next twelve months.
When will Targa Resources Corp announce their earnings?
Targa Resources Corp is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.
What are analysts saying about Targa Resources Corp stock?
Here are some recent quotes from research analysts about Targa Resources Corp stock:
- Credit Suisse Group analysts commented, " In our view, Targa's acquisition of Outrigger's Midland and Delaware assets checks all the requisite boxes including price, location and connectivity with the added bonus of flexible earn-out provisions. By our math (Figure 2 in the full report) the acquisition entails an effective (including the first earn-out payment) 2017 EBITDA multiple of 12.0x, falling to ~7.6x by 2020. Locking the earn-out provisions to pre-determined multiples means the deal only gets more accretive for TRGP as it approaches the $1.5B total consideration ceiling. Utilizing relatively conservative performance and margin assumptions, our analysis suggests a total consideration of $824mm and ~2-4% DCF accretion through 2020. We also liked the almost exclusive equity financing of the deal which not only protects the balance sheet but lowers our leverage forecast post-2017 (2017-2019 consolidated leverage goes to 4.0x, 3.8x, 3.6x from 3.9x, 3.8x, 3.9x)." (1/24/2017)
According to Zacks Investment Research, "Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. The Company operates its business through two business segments: Natural Gas Gathering and Processing and NGL Logistics and Marketing. The Natural Gas Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids and removing impurities. NGL Logistics and Marketing segment is engaged in gathering and storing; fractionating, storing, and transporting of finished NGLs. Targa also markets the natural gas liquids produced and purchased in selected United States markets. The Company also offers refinery services and wholesale propane marketing operations. Targa Resources Corp is headquartered in Houston, Texas. " (7/26/2016)
Who owns Targa Resources Corp stock?
Targa Resources Corp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Stonepeak GP Investors Manager LLC (4.22%), State Street Corp (1.75%), Advisory Research Inc. (1.45%), FMR LLC (1.10%), Dimensional Fund Advisors LP (1.04%) and RR Advisors LLC (0.59%). Company insiders that own Targa Resources Corp stock include Charles R Crisp, D Scott Pryor, Dan C Middlebrooks, James W Whalen, Jeffrey J Mcparland, Joe Bob Perkins, Michael A Heim, Paul W Chung and Rene R Joyce.
Who sold Targa Resources Corp stock? Who is selling Targa Resources Corp stock?
Targa Resources Corp's stock was sold by a variety of institutional investors in the last quarter, including Tide Point Capital Management LP, Systematic Financial Management LP, Caxton Associates LP, FMR LLC, Highland Capital Management LP, Westwood Holdings Group Inc., Dimensional Fund Advisors LP and Putnam Investments LLC. Company insiders that have sold Targa Resources Corp stock in the last year include Charles R Crisp, D Scott Pryor, Dan C Middlebrooks, James W Whalen, Jeffrey J Mcparland, Joe Bob Perkins, Michael A Heim, Paul W Chung and Rene R Joyce.
Who bought Targa Resources Corp stock? Who is buying Targa Resources Corp stock?
Targa Resources Corp's stock was purchased by a variety of institutional investors in the last quarter, including Stonepeak GP Investors Manager LLC, State Street Corp, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Energy Income Partners LLC, Russell Investments Group Ltd., Asset Management One Co. Ltd., Discovery Capital Management LLC CT and RR Advisors LLC.
How do I buy Targa Resources Corp stock?
Shares of Targa Resources Corp 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 Corp stock cost?
One share of Targa Resources Corp stock can currently be purchased for approximately $56.23.