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Targa Resources Stock Price, Forecast & Analysis (NYSE:TRGP)

$39.26
+1.23 (+3.23 %)
(As of 11/15/2019 04:00 PM ET)
Today's Range
$38.26
Now: $39.26
$39.31
50-Day Range
$37.98
MA: $39.74
$41.26
52-Week Range
$32.00
Now: $39.26
$48.78
Volume1.48 million shs
Average Volume1.74 million shs
Market Capitalization$9.14 billion
P/E Ratio196.30
Dividend Yield9.50%
Beta1.78
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Marketing. The company 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; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products. Read More…

Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryOil & Gas Storage & Transportation
SectorOils/Energy
CUSIP87612G10
Phone713-584-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.48 billion
Cash Flow$5.38 per share
Book Value$37.89 per share

Profitability

Net Income$1.60 million

Miscellaneous

Employees2,460
Market Cap$9.14 billion
Next Earnings Date3/6/2020 (Estimated)
OptionableOptionable

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Targa Resources (NYSE:TRGP) Frequently Asked Questions

What is Targa Resources' stock symbol?

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

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

Targa Resources announced a quarterly dividend on Wednesday, October 16th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.91 per share on Friday, November 15th. This represents a $3.64 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date of this dividend is Thursday, October 31st. View Targa Resources' Dividend History.

How were Targa Resources' earnings last quarter?

Targa Resources Corp (NYSE:TRGP) issued its earnings results on Thursday, November, 7th. The pipeline company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.12. The pipeline company earned $1.90 billion during the quarter, compared to analyst estimates of $2.25 billion. Targa Resources had a negative return on equity of 0.45% and a negative net margin of 2.31%. View Targa Resources' Earnings History.

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release their next quarterly earnings announcement on Friday, March 6th 2020. View Earnings Estimates for Targa Resources.

What price target have analysts set for TRGP?

19 brokers have issued 1-year target prices for Targa Resources' stock. Their forecasts range from $41.00 to $56.00. On average, they expect Targa Resources' stock price to reach $47.78 in the next year. This suggests a possible upside of 21.7% from the stock's current price. View Analyst Price Targets for Targa Resources.

What is the consensus analysts' recommendation for Targa Resources?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 7 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Targa Resources.

What are Wall Street analysts saying about Targa Resources stock?

Here are some recent quotes from research analysts about Targa Resources stock:
  • 1. 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. " (11/3/2019)
  • 2. Evercore ISI analysts commented, "We are not surprised by today’s outperformance given the strong quarterly print (downstream), progress at the asset level (Grand Prix fully in service), and a well-handled call. We believe eliminating multi-year guidance was the right decision (more questions than answers absent regular updates given asset sales, project announcements, etc). After underperforming the group (AMZ) by 10% since we launched in February and with confidence in the outlook reiterated, TRGP continues to look ‘attractive’ on a multiples basis (9.2x/7.9x 2020e/2021e EBITDA on our numbers, 10.7% NTM div yld). The market clearly remains skeptical given leverage (little margin for error) and commodity exposure (ex-hedges)." (8/11/2019)

Has Targa Resources been receiving favorable news coverage?

Media stories about TRGP stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Targa Resources earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned news coverage about the pipeline company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Targa Resources.

Are investors shorting Targa Resources?

Targa Resources saw a increase in short interest in October. As of October 31st, there was short interest totalling 18,300,000 shares, an increase of 8.9% from the September 30th total of 16,800,000 shares. Based on an average daily volume of 2,080,000 shares, the days-to-cover ratio is currently 8.8 days. Currently, 8.1% of the company's stock are short sold. View Targa Resources' Current Options Chain.

Who are some of Targa Resources' key competitors?

What other stocks do shareholders of Targa Resources own?

Who are Targa Resources' key executives?

Targa Resources' management team includes the folowing people:
  • Mr. Joe Bob Perkins, CEO & Director (Age 59)
  • Mr. Matthew J. Meloy, Pres (Age 41)
  • Ms. Jennifer R. Kneale, Chief Financial Officer (Age 40)
  • Mr. Paul W. Chung, Exec. VP, Gen. Counsel & Sec. (Age 59)
  • Mr. D. Scott Pryor, Pres of Logistics & Marketing (Age 56)

Who are Targa Resources' major shareholders?

Targa Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Chickasaw Capital Management LLC (2.92%), Kayne Anderson Capital Advisors LP (2.63%), CIBC Private Wealth Group LLC (1.42%), Duff & Phelps Investment Management Co. (0.69%), Massachusetts Financial Services Co. MA (0.63%) and Artemis Investment Management LLP (0.45%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, John Richard Klein and Robert B Evans. View Institutional Ownership Trends for Targa Resources.

Which major investors are selling Targa Resources stock?

TRGP stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Russell Investments Group Ltd., CIBC Private Wealth Group LLC, Tocqueville Asset Management L.P., Viking Fund Management LLC, Cadence Capital Management LLC, Miller Howard Investments Inc. NY and Spirit of America Management Corp NY. View Insider Buying and Selling for Targa Resources.

Which major investors are buying Targa Resources stock?

TRGP stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Chickasaw Capital Management LLC, Teacher Retirement System of Texas, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Gratus Capital LLC, SG Americas Securities LLC and Mizuho Securities USA LLC. Company insiders that have bought Targa Resources stock in the last two years include Chris Tong and Robert B Evans. View Insider Buying and Selling for Targa Resources.

How do I buy shares of Targa Resources?

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

What is Targa Resources' stock price today?

One share of TRGP stock can currently be purchased for approximately $39.26.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $9.14 billion and generates $10.48 billion in revenue each year. The pipeline company earns $1.60 million in net income (profit) each year or $0.20 on an earnings per share basis. Targa Resources employs 2,460 workers across the globe.View Additional Information About Targa Resources.

What is Targa Resources' official website?

The official website for Targa Resources is http://www.targaresources.com/.

How can I contact Targa Resources?

Targa Resources' mailing address is 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002. The pipeline company can be reached via phone at 713-584-1000 or via email at [email protected]


MarketBeat Community Rating for Targa Resources (NYSE TRGP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  578 (Vote Outperform)
Underperform Votes:  527 (Vote Underperform)
Total Votes:  1,105
MarketBeat's community ratings are surveys of what our community members think about Targa Resources and other stocks. Vote "Outperform" if you believe TRGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/16/2019 by MarketBeat.com Staff

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