NYSE:TRGP - Targa Resources Stock Price, Price Target & More

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$51.63 -0.67 (-1.28 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$51.63
Today's Range$51.53 - $52.63
52-Week Range$39.59 - $53.24
Volume1.78 million shs
Average Volume1.94 million shs
Market Capitalization$11.44 billion
P/E Ratio-120.07
Dividend Yield6.96%
Beta2.01
Targa Resources logoTarga 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, 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. It 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, 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. The company operates approximately 27,000 miles of natural gas pipelines, including 37 owned and operated processing plants; and owns or operates a total of 39 storage wells with a gross storage capacity of approximately 69 million barrels. As of December 31, 2017, it leased and managed approximately 640 railcars; 130 transport tractors; and 18 company-owned pressurized NGL barges. The company was founded in 2005 and is headquartered in Houston, Texas.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Natural gas transmission
Sub-IndustryOil & Gas Storage & Transportation
SectorOils/Energy
SymbolNYSE:TRGP
CUSIP87612G10
Phone713-584-1000

Debt

Debt-to-Equity Ratio0.73
Current Ratio0.84
Quick Ratio0.77

Price-To-Earnings

Trailing P/E Ratio-120.07
Forward P/E Ratio-1,032.60
P/E GrowthN/A

Sales & Book Value

Annual Sales$8.81 billion
Price / Sales1.28
Cash Flow$3.8966 per share
Price / Cash13.25
Book Value$31.33 per share
Price / Book1.65

Profitability

EPS (Most Recent Fiscal Year)($0.43)
Net Income$54 million
Net Margins1.82%
Return on Equity0.88%
Return on Assets0.42%

Miscellaneous

Employees2,130
Outstanding Shares218,830,000
Market Cap$11,444.83

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 declared a quarterly dividend on Wednesday, July 18th. Shareholders of record on Wednesday, August 1st will be paid a dividend of $0.91 per share on Wednesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend is Tuesday, July 31st. View Targa Resources' Dividend History.

How were Targa Resources' earnings last quarter?

Targa Resources Corp (NYSE:TRGP) posted its earnings results on Thursday, May, 3rd. The pipeline company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.02) by $0.01. The pipeline company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.70 billion. Targa Resources had a net margin of 1.82% and a return on equity of 0.88%. View Targa Resources' Earnings History.

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release their next quarterly earnings announcement on Thursday, August, 9th 2018. View Earnings Estimates for Targa Resources.

What price target have analysts set for TRGP?

16 analysts have issued 12 month target prices for Targa Resources' stock. Their predictions range from $46.00 to $68.00. On average, they expect Targa Resources' stock price to reach $54.2667 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price. View Analyst Ratings for Targa Resources.

What is the consensus analysts' recommendation for Targa Resources?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 9 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Who are some of Targa Resources' key competitors?

Who are Targa Resources' key executives?

Targa Resources' management team includes the folowing people:
  • Mr. Joe Bob Perkins, CEO & Director (Age 58)
  • Mr. Matthew J. Meloy, Pres (Age 40)
  • Mr. D. Scott Pryor, Pres of Logistics & Marketing (Age 55)
  • Mr. Robert M. Muraro, Chief Commercial Officer (Age 41)
  • Mr. Patrick J. McDonie, Pres of Gathering & Processing (Age 57)

Has Targa Resources been receiving favorable news coverage?

Headlines about TRGP stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Targa Resources earned a media sentiment score of 0.12 on Accern's scale. They also assigned media stories about the pipeline company an impact score of 45.84 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are Targa Resources' major shareholders?

Targa Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Miller Howard Investments Inc. NY (0.16%), Spirit of America Management Corp NY (0.13%), McQueen Ball & Associates Inc. (0.11%), Port Capital LLC (0.10%), ELCO Management Co. LLC (0.05%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.04%). Company insiders that own Targa Resources stock include Charles R Crisp, D Scott Pryor, Dan C Middlebrooks, Jeffrey J Mcparland, Joe Bob Perkins, John Richard Klein, Michael A Heim and Paul W Chung. View Institutional Ownership Trends for Targa Resources.

Which institutional investors are selling Targa Resources stock?

TRGP stock was sold by a variety of institutional investors in the last quarter, including Fjarde AP Fonden Fourth Swedish National Pension Fund, Creative Planning and Spirit of America Management Corp NY. Company insiders that have sold Targa Resources company stock in the last year include Dan C Middlebrooks and John Richard Klein. View Insider Buying and Selling for Targa Resources.

Which institutional investors are buying Targa Resources stock?

TRGP stock was acquired by a variety of institutional investors in the last quarter, including Miller Howard Investments Inc. NY, Bank of Montreal Can, Calamos Advisors LLC, NN Investment Partners Holdings N.V., Nisa Investment Advisors LLC, Grassi Investment Management, DnB Asset Management AS and State of Alaska Department of Revenue. 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, Scottrade, Fidelity and Charles Schwab.

What is Targa Resources' stock price today?

One share of TRGP stock can currently be purchased for approximately $51.63.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $11.44 billion and generates $8.81 billion in revenue each year. The pipeline company earns $54 million in net income (profit) each year or ($0.43) on an earnings per share basis. Targa Resources employs 2,130 workers across the globe.

How can I contact Targa Resources?

Targa Resources' mailing address is 811 LOUISIANA ST SUITE 2100, 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:  455 (Vote Outperform)
Underperform Votes:  418 (Vote Underperform)
Total Votes:  873
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 7/21/2018 by MarketBeat.com Staff

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