About Targa Resources (NYSE:TRGP)
Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products. The Gathering and Processing segment consists of gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas and gathering crude oil. The Logistics and Marketing segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain services, such as storing, fractionating, terminalling, transporting and marketing of NGLs and NGL products.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Transportation Services
- Sub-Industry: Oil & Gas Storage & Transportation
- Symbol: NYSE:TRGP
- CUSIP: 87612G10
- Web: www.targaresources.com
- Market Cap: $9.43919 billion
- Outstanding Shares: 215,605,000
- 50 Day Moving Avg: $46.70
- 200 Day Moving Avg: $47.68
- 52 Week Range: $40.25 - $61.83
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -729.67
- P/E Growth: -6.09
- Annual Revenue: $7.65 billion
- Price / Sales: 1.23
- Book Value: $29.97 per share
- Price / Book: 1.46
- Annual Dividend: $3.64
- Dividend Yield: 8.3%
- EBITDA: $1.02 billion
- Net Margins: -2.92%
- Return on Equity: -0.64%
- Return on Assets: -0.29%
- Debt-to-Equity Ratio: 0.57%
- Current Ratio: 0.66%
- Quick Ratio: 0.51%
- Average Volume: 1.44 million shs.
- Beta: 2.21
- Short Ratio: 3.32
Frequently Asked Questions for Targa Resources (NYSE:TRGP)
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, October 18th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.91 per share on Wednesday, November 15th. This represents a $3.64 annualized dividend and a dividend yield of 8.31%. The ex-dividend date is Tuesday, October 31st. View Targa Resources' Dividend History.
How were Targa Resources' earnings last quarter?
Targa Resources, Inc. (NYSE:TRGP) announced its quarterly earnings results on Thursday, February, 25th. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business earned $1.65 billion during the quarter, compared to analyst estimates of $1.90 billion. Targa Resources had a negative return on equity of 0.64% and a negative net margin of 2.92%. View Targa Resources' Earnings History.
When will Targa Resources make its next earnings announcement?
Where is Targa Resources' stock going? Where will Targa Resources' stock price be in 2017?
17 brokerages have issued 1 year target prices for Targa Resources' stock. Their predictions range from $47.00 to $65.00. On average, they anticipate Targa Resources' stock price to reach $54.41 in the next twelve months. View Analyst Ratings for Targa Resources.
What are 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. " (10/19/2017)
- 2. 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)
Who are some of Targa Resources' key competitors?
Some companies that are related to Targa Resources include Magellan Midstream Partners L.P. (MMP), Plains All American Pipeline, L.P. (PAA), Mplx Lp (MPLX), Cheniere Energy Partners LP (CQP), Cheniere Energy Partners LP (CQP), Spectra Energy Partners, LP (SEP), Pembina Pipeline Corp. (PBA), Buckeye Partners L.P. (BPL), Enable Midstream Partners, LP (ENBL), EQT Midstream Partners, LP (EQM), EnLink Midstream Partners, LP (ENLK), Phillips 66 Partners LP (PSXP), Shell Midstream Partners, L.P. (SHLX), Andeavor Logistics LP (ANDX), Tesoro Logistics LP (ANDX), Enbridge Energy, L.P. (EEP), Tallgrass Energy GP, LP (TEGP) and Tallgrass Energy Partners, LP (TEP).
Who are Targa Resources' key executives?
Targa Resources' management team includes the folowing people:
- James W. Whalen, Executive Chairman of the Board
- Joe Bob Perkins, Chief Executive Officer, Director
- Michael A. Heim, Vice Chairman of the Board
- Matthew J. Meloy, Chief Financial Officer, Executive Vice President
- Jeffrey J. McParland, President - Finance and Administration
- Paul W. Chung, Executive Vice President, General Counsel, Secretary
- D. Scott Pryor, Executive Vice President - Logistics and Marketing
- Patrick J. McDonie, Executive Vice President - Southern Field Gathering and Processing
- Daniel Chris Middlebrooks, Executive Vice President - Northern Field Gathering and Processing
- Robert Muraro, Executive Vice President - Commercial
Who owns Targa Resources stock?
Targa Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.01%), Meeder Asset Management Inc. (0.01%), Winslow Evans & Crocker Inc. (0.00%) and Town & Country Bank & Trust CO dba First Bankers Trust CO (0.00%). Company insiders that own Targa Resources 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. View Institutional Ownership Trends for Targa Resources.
Who sold Targa Resources stock? Who is selling Targa Resources stock?
Targa Resources' stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Meeder Asset Management Inc. and Winslow Evans & Crocker Inc.. Company insiders that have sold Targa Resources stock in the last year include Charles R Crisp, Dan C Middlebrooks, Jeffrey J Mcparland, Joe Bob Perkins, Michael A Heim and Paul W Chung. View Insider Buying and Selling for Targa Resources.
Who bought Targa Resources stock? Who is buying Targa Resources stock?
How do I buy Targa Resources stock?
Shares of Targa Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Targa Resources' stock price today?
MarketBeat Community Rating for Targa Resources (NYSE TRGP)MarketBeat's community ratings are surveys of what our community members think about Targa Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Targa Resources stock can currently be purchased for approximately $43.78.
Consensus Ratings for Targa Resources (NYSE:TRGP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 8 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.59)|
|Consensus Price Target: ||$54.41 (24.28% upside)|Consensus Price Target History for Targa Resources (NYSE:TRGP)
Analysts' Ratings History for Targa Resources (NYSE:TRGP)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Barclays PLC||Reiterated Rating||Hold||$50.00||N/A|
|10/17/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$53.00||N/A|
|10/16/2017||Jefferies Group LLC||Downgrade||Buy -> Hold||N/A|
|10/13/2017||Wells Fargo & Company||Lower Price Target||Outperform||$54.00 -> $53.00||N/A|
|10/13/2017||BMO Capital Markets||Set Price Target||Hold||$51.00||N/A|
|10/10/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$54.00 -> $52.00||N/A|
|9/17/2017||Robert W. Baird||Reiterated Rating||Buy||$53.00||Low|
|8/23/2017||Stifel Nicolaus||Set Price Target||Buy||$53.00||Low|
|8/21/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$60.00||Low|
|8/14/2017||Guggenheim||Upgrade||Neutral -> Buy||$50.00||Medium|
|7/13/2017||Deutsche Bank AG||Downgrade||Buy -> Hold||$69.00 -> $47.00||Low|
|6/5/2017||J P Morgan Chase & Co||Reiterated Rating||Neutral||$65.00 -> $53.00||Low|
|5/28/2017||Credit Suisse Group||Set Price Target||Hold||$54.00||High|
|5/5/2017||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$64.00 -> $55.00||High|
|5/2/2017||Seaport Global Securities||Upgrade||Neutral -> Buy||$63.00||Low|
|3/6/2017||Evercore ISI||Upgrade||In-Line -> Outperform||$64.00||N/A|
|8/31/2016||Wunderlich||Boost Price Target||Hold||$44.00 -> $45.00||N/A|
|5/2/2016||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||$33.00 -> $44.00||N/A|
Earnings History for Targa Resources (NYSE:TRGP)Earnings History by Quarter for Targa Resources (NYSE TRGP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/25/2016||Q4||$0.48||$0.48||$1.90 billion||$1.65 billion||View||Listen|
|11/3/2015||Q3||$0.52||$0.23||$1.99 billion||$1.63 billion||View||N/A|
|8/4/2015||Q2||$0.63||$0.27||$2.34 billion||$1.70 billion||View||N/A|
|5/5/2015||Q115||$0.63||$0.55||$1.42 billion||$1.68 million||View||N/A|
|2/13/2015||Q414||$0.65||$0.58||$1.85 billion||$2.03 billion||View||N/A|
|11/4/2014||Q314||$0.65||$0.73||$2.08 billion||$2.29 billion||View||N/A|
|8/1/2014||Q214||$0.61||$0.63||$2.06 billion||$2.06 million||View||N/A|
|5/1/2014||Q212||$0.62||$0.47||$1.99 billion||$1.99 billion||View||N/A|
|2/13/2014||Q4||$0.50||$0.48||$1.62 billion||$2.16 billion||View||N/A|
Earnings Estimates for Targa Resources (NYSE:TRGP)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Targa Resources (NYSE:TRGP)
|Dividend Growth:||21.00% (3 Year Average)|
|Payout Ratio:||-183.84% (Trailing 12 Months of Earnings) |
-551.52% (Based on This Year's Estimates)
-6,066.67% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Targa Resources (NYSE TRGP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Targa Resources (NYSE:TRGP)
Insider Ownership Percentage: 1.93%Insider Trades by Quarter for Targa Resources (NYSE:TRGP)
Institutional Ownership Percentage: 87.43%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/10/2017||Dan C Middlebrooks||Insider||Sell||2,100||$44.70||$93,870.00|| |
|3/31/2017||Jeffrey J Mcparland||Insider||Sell||200||$60.00||$12,000.00|| |
|3/1/2017||Jeffrey J Mcparland||Insider||Sell||9,600||$57.43||$551,328.00|| |
|2/3/2017||Jeffrey J Mcparland||Insider||Sell||10,800||$58.49||$631,692.00|| |
|1/20/2017||Jeffrey J Mcparland||Insider||Sell||9,600||$60.07||$576,672.00|| |
|1/20/2017||Joe Bob Perkins||CEO||Sell||50,000||$60.09||$3,004,500.00|| |
|1/18/2017||Michael A Heim||Vice Chairman||Sell||25,000||$60.00||$1,500,000.00|| |
|12/20/2016||Jeffrey J Mcparland||Insider||Sell||8,300||$56.38||$467,954.00|| |
|12/13/2016||Jeffrey J Mcparland||Insider||Sell||100||$55.00||$5,500.00|| |
|11/17/2016||Jeffrey J Mcparland||Insider||Sell||3,800||$50.12||$190,456.00|| |
|11/9/2016||Dan C Middlebrooks||Insider||Sell||2,000||$47.92||$95,840.00|| |
|11/9/2016||Paul W Chung||EVP||Sell||9,300||$47.15||$438,495.00|| |
|11/8/2016||Michael A Heim||Vice Chairman||Sell||66,248||$46.35||$3,070,594.80|| |
|11/8/2016||Paul W Chung||EVP||Sell||3,100||$47.17||$146,227.00|| |
|11/7/2016||Charles R Crisp||Director||Sell||10,000||$46.13||$461,300.00|| |
|11/7/2016||Michael A Heim||Vice Chairman||Sell||24,148||$45.67||$1,102,839.16|| |
|11/7/2016||Paul W Chung||EVP||Sell||3,100||$46.22||$143,282.00|| |
|11/2/2016||Jeffrey J Mcparland||Insider||Sell||7,200||$45.58||$328,176.00|| |
|10/10/2016||Jeffrey J Mcparland||Insider||Sell||1,800||$50.09||$90,162.00|| |
|10/10/2016||Joe Bob Perkins||CEO||Sell||8,984||$50.13||$450,367.92|| |
|10/3/2016||Jeffrey J Mcparland||Insider||Sell||7,200||$48.86||$351,792.00|| |
|9/29/2016||Jeffrey J Mcparland||Insider||Sell||100||$50.00||$5,000.00|| |
|9/29/2016||Joe Bob Perkins||CEO||Sell||1,405||$50.03||$70,292.15|| |
|9/28/2016||Jeffrey J Mcparland||Insider||Sell||100||$50.00||$5,000.00|| |
|9/22/2016||Jeffrey J Mcparland||Insider||Sell||1,000||$50.34||$50,340.00|| |
|9/22/2016||Joe Bob Perkins||CEO||Sell||7,843||$50.45||$395,679.35|| |
|9/6/2016||Jeffrey J Mcparland||Insider||Sell||25,100||$45.50||$1,142,050.00|| |
|7/27/2016||D. Scott Pryor||Insider||Sell||7,500||$37.66||$282,450.00|| |
|7/12/2016||Jeffrey J Mcparland||Insider||Sell||3,700||$45.13||$166,981.00|| |
|6/13/2016||James W Whalen||Insider||Sell||25,000||$40.00||$1,000,000.00|| |
|5/12/2016||Paul W Chung||EVP||Sell||20,640||$42.01||$867,086.40|| |
|5/12/2016||Rene R Joyce||Director||Sell||75,091||$41.87||$3,144,060.17|| |
|1/16/2015||Joe Bob Perkins||CEO||Sell||25,000||$87.28||$2,182,000.00|| |
|10/14/2014||Joe Bob Perkins||CEO||Sell||25,000||$113.05||$2,826,250.00|| |
|9/16/2014||Charles R Crisp||Director||Sell||12,000||$139.39||$1,672,680.00|| |
|7/11/2014||Joe Bob Perkins||CEO||Sell||25,000||$137.86||$3,446,500.00|| |
|4/11/2014||Joe Bob Perkins||CEO||Sell||25,000||$103.65||$2,591,250.00|| |
|4/2/2014||Charles Crisp||Director||Sell||12,000||$104.13||$1,249,560.00|| |
|4/1/2014||James Whalen||CEO||Sell||23,000||$100.00||$2,300,000.00|| |
|3/25/2014||James Whalen||CEO||Sell||23,000||$97.88||$2,251,240.00|| |
|2/28/2014||John Robert Sparger||CAO||Sell||15,000||$97.31||$1,459,650.00|| |
|2/27/2014||Michael Heim||COO||Sell||13,054||$97.16||$1,268,326.64|| |
|2/24/2014||Jeffrey Mcparland||Insider||Sell||40,000||$96.29||$3,851,600.00|| |
|2/20/2014||Matthew Meloy||CFO||Sell||15,459||$96.07||$1,485,146.13|| |
|8/9/2012||Jeffrey J Mcparland||Insider||Sell||257,874||$44.68||$11,521,810.32|| |
|8/9/2012||Matthew J Meloy||CFO||Sell||4,000||$44.32||$177,280.00|| |
Headline Trends for Targa Resources (NYSE:TRGP)
Latest Headlines for Targa Resources (NYSE:TRGP)
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Targa Resources (TRGP) Chart for Sunday, October, 22, 2017