Top-Rated StocksTop-RatedTop-Rated Dividend StocksTop-Rated DividendNYSE:TRGP Targa Resources (TRGP) Stock Forecast, Price & News $70.93 -0.56 (-0.78%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$70.55▼$72.6750-Day Range$68.05▼$77.9152-Week Range$55.56▼$80.40Volume1.40 million shsAverage Volume1.60 million shsMarket Capitalization$16.03 billionP/E Ratio18.38Dividend Yield2.82%Price Target$100.27 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Targa Resources MarketRank™ ForecastAnalyst RatingBuy3.07 Rating ScoreUpside/Downside41.7% Upside$100.27 Price TargetShort InterestHealthy1.50% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-7.39Upright™ Environmental ScoreNews Sentiment0.58Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth34.18%From $5.53 to $7.42 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.60 out of 5 starsOils/Energy Sector83rd out of 248 stocksNatural Gas Transmission Industry6th out of 18 stocks 3.5 Analyst's Opinion Consensus RatingTarga Resources has received a consensus rating of Buy. The company's average rating score is 3.07, and is based on 13 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $100.27, Targa Resources has a forecasted upside of 41.7% from its current price of $70.76.Amount of Analyst CoverageTarga Resources has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.50% of the float of Targa Resources has been sold short.Short Interest Ratio / Days to CoverTarga Resources has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month Previous Next 2.5 Dividend Strength Dividend YieldTarga Resources pays a meaningful dividend of 2.80%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTarga Resources has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Targa Resources is 51.81%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Targa Resources will have a dividend payout ratio of 26.95% next year. This indicates that Targa Resources will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTarga Resources has received a -98.19% net impact score from Upright. The largest negative impact of Targa Resources in category "GHG emissions" seems to be driven mostly by its "LNG pipes", "Natural gas pipes", and "LNG terminals" products. See details.Environmental SustainabilityThe Environmental Impact score for Targa Resources is -7.39. Previous Next 2.0 News and Social Media Coverage News SentimentTarga Resources has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Targa Resources this week, compared to 5 articles on an average week.Search Interest11 people have searched for TRGP on MarketBeat in the last 30 days. This is an increase of 22% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Targa Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.39% of the stock of Targa Resources is held by insiders.Percentage Held by Institutions88.29% of the stock of Targa Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Targa Resources are expected to grow by 34.18% in the coming year, from $5.53 to $7.42 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Targa Resources is 18.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Targa Resources is 18.33, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 47.74.Price to Book Value per Share RatioTarga Resources has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Targa Resources (NYSE:TRGP) StockTarga Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The 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 NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005, and is headquartered in Houston, TX.Read More Receive TRGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address TRGP Stock News HeadlinesJune 4, 2023 | benzinga.comTarga Resources Stock (NYSE:TRGP), Guidance and ForecastMay 26, 2023 | americanbankingnews.comCapital One Financial Comments on Targa Resources Corp.'s Q3 2023 Earnings (NYSE:TRGP)June 5, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 24, 2023 | americanbankingnews.comQ3 2023 Earnings Estimate for Targa Resources Corp. Issued By US Capital Advisors (NYSE:TRGP)May 22, 2023 | americanbankingnews.comTruist Financial Raises Targa Resources (NYSE:TRGP) Price Target to $95.00May 19, 2023 | msn.comTruist Securities Maintains Targa Resources (TRGP) Buy RecommendationMay 18, 2023 | americanbankingnews.comTarga Resources (NYSE:TRGP) Coverage Initiated at StockNews.comMay 16, 2023 | americanbankingnews.comCapital One Financial Weighs in on Targa Resources Corp.'s FY2023 Earnings (NYSE:TRGP)June 5, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 15, 2023 | americanbankingnews.comAnalysts Set Targa Resources Corp. (NYSE:TRGP) Target Price at $99.82May 14, 2023 | americanbankingnews.comEquities Analysts Offer Predictions for Targa Resources Corp.'s Q2 2023 Earnings (NYSE:TRGP)May 9, 2023 | msn.comWells Fargo Maintains Targa Resources (TRGP) Overweight RecommendationMay 9, 2023 | msn.comRBC Capital Maintains Targa Resources (TRGP) Outperform RecommendationMay 9, 2023 | seekingalpha.comTarga Resources: The Growth Thesis Continues To Play OutMay 8, 2023 | finance.yahoo.comWhile shareholders of Targa Resources (NYSE:TRGP) are in the black over 3 years, those who bought a week ago aren't so fortunateMay 8, 2023 | americanbankingnews.comRoyal Bank of Canada Lowers Targa Resources (NYSE:TRGP) Price Target to $104.00May 5, 2023 | seekingalpha.comTarga Resources GAAP EPS of $6.30 beats by $4.91, revenue of $4.52B misses by $760MMay 5, 2023 | finance.yahoo.comQ1 2023 Targa Resources Corp Earnings CallMay 4, 2023 | finance.yahoo.comTarga Resources Corp. Reports First Quarter 2023 Financial ResultsApril 30, 2023 | americanbankingnews.comUS Capital Advisors Weighs in on Targa Resources Corp.'s Q1 2023 Earnings (NYSE:TRGP)April 29, 2023 | americanbankingnews.comTarga Resources Corp. (NYSE:TRGP) to Post Q2 2023 Earnings of $1.13 Per Share, US Capital Advisors ForecastsApril 27, 2023 | americanbankingnews.comQ1 2023 Earnings Forecast for Targa Resources Corp. (NYSE:TRGP) Issued By Seaport Res PtnApril 26, 2023 | finance.yahoo.comHere is Why Growth Investors Should Buy Targa Resources, Inc. (TRGP) NowApril 26, 2023 | finance.yahoo.comWall Street Analysts Believe Targa Resources, Inc. (TRGP) Could Rally 27.4%: Here's is How to TradeApril 26, 2023 | americanbankingnews.comCapital One Financial Comments on Targa Resources Corp.'s Q1 2023 Earnings (NYSE:TRGP)April 24, 2023 | americanbankingnews.comTarga Resources' (TRGP) Overweight Rating Reaffirmed at Capital One FinancialApril 22, 2023 | americanbankingnews.comTarga Resources Corp. (NYSE:TRGP) Receives $98.55 Consensus Target Price from BrokeragesSee More Headlines TRGP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRGP Company Calendar Last Earnings5/06/2021Ex-Dividend for 5/15 Dividend4/27/2023Dividend Payable5/15/2023Today6/05/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Natural gas transmission Sub-IndustryOil & Gas Storage & Transportation SectorOils/Energy Current SymbolNYSE:TRGP CUSIP87612G10 CIK1389170 Webwww.targaresources.com Phone(713) 584-1000Fax713-584-1100Employees2,850Year FoundedN/APrice Target and Rating Average Stock Price Forecast$100.27 High Stock Price Forecast$115.00 Low Stock Price Forecast$92.00 Forecasted Upside/Downside+39.7%Consensus RatingBuy Rating Score (0-4)3.07 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$3.86 Trailing P/E Ratio18.60 Forward P/E Ratio12.98 P/E GrowthN/ANet Income$1.14 billion Net Margins5.43% Pretax Margin10.43% Return on Equity24.05% Return on Assets6.08% Debt Debt-to-Equity Ratio2.59 Current Ratio0.66 Quick Ratio0.60 Sales & Book Value Annual Sales$20.93 billion Price / Sales0.78 Cash Flow$10.21 per share Price / Cash Flow7.03 Book Value$22.01 per share Price / Book3.26Miscellaneous Outstanding Shares226,020,000Free Float222,877,000Market Cap$16.23 billion OptionableOptionable Beta2.29 Key ExecutivesMatthew J. MeloyPresident, Chief Executive Officer & DirectorG. Clark WhiteExecutive Vice President-OperationsJennifer R. KnealeChief Financial Officer & Vice PresidentRegina L. GregorySecretary, General Counsel & Executive VPJohn R. KleinSenior Vice PresidentKey CompetitorsWilliams CompaniesNYSE:WMBKinder MorganNYSE:KMIWestern Midstream PartnersNYSE:WESDCP MidstreamNYSE:DCPAntero MidstreamNYSE:AMView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 8,320 shares on 6/1/2023Ownership: 0.043%Searle & CO.Sold 3,000 shares on 6/1/2023Ownership: 0.012%ProShare Advisors LLCBought 27,660 shares on 5/26/2023Ownership: 0.030%Mint Tower Capital Management B.V.Bought 24,500 shares on 5/24/2023Ownership: 0.000%Toroso Investments LLCBought 1,056 shares on 5/23/2023Ownership: 0.005%View All Insider TransactionsView All Institutional Transactions TRGP Stock - Frequently Asked Questions Should I buy or sell Targa Resources stock right now? 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TRGP shares. View TRGP analyst ratings or view top-rated stocks. What is Targa Resources' stock price forecast for 2023? 14 Wall Street research analysts have issued twelve-month price objectives for Targa Resources' shares. Their TRGP share price forecasts range from $92.00 to $115.00. On average, they expect the company's stock price to reach $100.27 in the next year. This suggests a possible upside of 39.7% from the stock's current price. View analysts price targets for TRGP or view top-rated stocks among Wall Street analysts. How have TRGP shares performed in 2023? Targa Resources' stock was trading at $73.50 at the start of the year. Since then, TRGP stock has decreased by 2.3% and is now trading at $71.80. View the best growth stocks for 2023 here. When is Targa Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our TRGP earnings forecast. How were Targa Resources' earnings last quarter? Targa Resources Corp. (NYSE:TRGP) announced its quarterly earnings results on Thursday, May, 6th. The pipeline company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.38. The pipeline company earned $3.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. Targa Resources had a trailing twelve-month return on equity of 24.05% and a net margin of 5.43%. How often does Targa Resources pay dividends? What is the dividend yield for Targa Resources? Targa Resources announced a quarterly dividend on Thursday, April 13th. Stockholders of record on Friday, April 28th will be given a dividend of $0.50 per share on Monday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, April 27th. This is an increase from the stock's previous quarterly dividend of $0.35. Read our dividend analysis for TRGP. What ETFs hold Targa Resources' stock? ETFs with the largest weight of Targa Resources (NYSE:TRGP) stock in their portfolio include USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), Global X MLP & Energy Infrastructure ETF (MLPX), First Trust Energy AlphaDEX Fund (FXN), Pacer American Energy Independence ETF (USAI), VanEck Energy Income ETF (EINC) and Invesco S&P 500 Equal Weight Energy ETF (RYE). Is Targa Resources a good dividend stock? Targa Resources (NYSE:TRGP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.80%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 51.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRGP will have a dividend payout ratio of 26.95% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TRGP. 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. What other stocks do shareholders of Targa Resources own? Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Phillips 66 (PSX), New Residential Investment (NRZ), ALDW (ALDW) and Intel (INTC). What is Targa Resources' stock symbol? Targa Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRGP." Who are Targa Resources' major shareholders? Targa Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.30%), State Street Corp (6.76%), Tortoise Capital Advisors L.L.C. (3.63%), Wellington Management Group LLP (3.20%), Geode Capital Management LLC (2.07%) and Kayne Anderson Capital Advisors LP (1.48%). Insiders that own company stock include Chris Tong, D Scott Pryor, G Clark White, James W Whalen, Joe Bob Perkins, Julie H Boushka, Paul W Chung, Regina Gregory, Rene R Joyce and Robert Muraro. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Targa Resources' stock price today? One share of TRGP stock can currently be purchased for approximately $71.80. How much money does Targa Resources make? Targa Resources (NYSE:TRGP) has a market capitalization of $16.23 billion and generates $20.93 billion in revenue each year. The pipeline company earns $1.14 billion in net income (profit) each year or $3.86 on an earnings per share basis. How many employees does Targa Resources have? The company employs 2,850 workers across the globe. How can I contact Targa Resources? Targa Resources' mailing address is TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002. The official website for the company is www.targaresources.com. The pipeline company can be reached via phone at (713) 584-1000, via email at investorrelations@targaresources.com, or via fax at 713-584-1100. This page (NYSE:TRGP) was last updated on 6/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Targa Resources Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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