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Targa Resources (TRGP) Stock Price, News & Analysis

$136.05
+1.00 (+0.74%)
(As of 10:47 AM ET)
Today's Range
$134.84
$136.25
50-Day Range
$112.45
$135.11
52-Week Range
$77.06
$136.25
Volume
124,727 shs
Average Volume
1.60 million shs
Market Capitalization
$30.17 billion
P/E Ratio
27.99
Dividend Yield
2.21%
Price Target
$131.08

Targa Resources MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2.9% Downside
$131.08 Price Target
Short Interest
Healthy
1.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.39
Upright™ Environmental Score
News Sentiment
1.06mentions of Targa Resources in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$6.20 M Sold Last Quarter
Proj. Earnings Growth
30.93%
From $5.27 to $6.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.71 out of 5 stars

Oils/Energy Sector

15th out of 235 stocks

Natural Gas Transmission Industry

1st out of 18 stocks

TRGP stock logo

About Targa Resources Stock (NYSE:TRGP)

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. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company 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, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

TRGP Stock Price History

TRGP Stock News Headlines

Biden backs new "game-changer for humanity" technology
Bill Gates is calling it America's most important project... and it's expected to impact half a million jobs and unlock $40 trillion in a rapidly growing industry.
Biden backs new "game-changer for humanity" technology
Bill Gates is calling it America's most important project... and it's expected to impact half a million jobs and unlock $40 trillion in a rapidly growing industry.
2 Breakout Energy Stocks With More Room to Run
See More Headlines
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Company Calendar

Ex-Dividend for 5/15 Dividend
4/29/2024
Last Earnings
5/02/2024
Dividend Payable
5/15/2024
Today
7/15/2024
Ex-Dividend for 8/15 Dividend
7/31/2024
Next Earnings (Confirmed)
8/01/2024
Dividend Payable
8/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
87612G10
Employees
3,182
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$131.08
High Stock Price Target
$147.00
Low Stock Price Target
$112.00
Potential Upside/Downside
-3.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
13 Analysts

Profitability

Net Income
$828.20 million
Pretax Margin
10.51%

Debt

Sales & Book Value

Annual Sales
$16.06 billion
Cash Flow
$9.82 per share
Book Value
$20.67 per share

Miscellaneous

Free Float
218,635,000
Market Cap
$30.10 billion
Optionable
Optionable
Beta
2.27
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Should I Buy Targa Resources Stock? TRGP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Targa Resources Corp.:

  • Targa Resources stock price has been showing an upward trend, reaching $131.27 on the latest trading day, indicating potential growth.
  • Analysts have set a consensus price target of $129.46 for Targa Resources, suggesting further upside potential.
  • Recent insider transactions show confidence in the company, with insiders selling shares at higher prices, indicating positive sentiment.
  • Strong financial performance with a P/E ratio of 25.74 and a return on equity of 24.41%, reflecting profitability and efficiency.
  • Positive analyst ratings with most analysts giving a "buy" recommendation, indicating favorable market sentiment towards the stock.

Cons

Investors should be bearish about investing in Targa Resources Corp. for these reasons:

  • The company's debt-to-equity ratio of 2.73 may pose a risk in terms of financial leverage and potential financial instability.
  • While the stock has shown growth, the beta of 2.21 indicates higher volatility compared to the market average, leading to increased risk.
  • Recent earnings report showed a miss on the consensus estimate, which could impact investor confidence in the short term.
  • The current ratio of 0.70 and quick ratio of 0.62 may raise concerns about the company's liquidity position and ability to meet short-term obligations.
  • Despite positive analyst ratings, there is always a level of uncertainty in the energy sector that could affect Targa Resources' performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Targa Resources pros and cons to contact@marketbeat.com.

TRGP Stock Analysis - Frequently Asked Questions

How have TRGP shares performed this year?

Targa Resources' stock was trading at $86.87 at the start of the year. Since then, TRGP shares have increased by 55.5% and is now trading at $135.05.
View the best growth stocks for 2024 here
.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) issued its quarterly earnings data on Thursday, May, 2nd. The pipeline company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.35 by $0.13. The pipeline company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.28 billion. Targa Resources had a net margin of 6.86% and a trailing twelve-month return on equity of 24.41%.

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.

Who are Targa Resources' major shareholders?

Top institutional investors of Targa Resources include Chickasaw Capital Management LLC (1.00%), Gateway Investment Advisers LLC (0.06%), AMF Tjanstepension AB (0.06%) and SG Americas Securities LLC (0.02%). Insiders that own company stock include Jennifer R Kneale, Paul W Chung, Robert Muraro, D Scott Pryor, G Clark White, Charles R Crisp, Julie H Boushka, Regina Gregory, Joe Bob Perkins, Ershel C Redd Jr and Rene R Joyce.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Targa Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Targa Resources investors own include Energy Transfer (ET), Government Properties Income Trust (GOV), Esperion Therapeutics (ESPR), Enterprise Products Partners (EPD), AT&T (T), Targa Resources Partners (NGLS.PA) and Phillips 66 (PSX).

This page (NYSE:TRGP) was last updated on 7/15/2024 by MarketBeat.com Staff

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