NYSE:TRGPTarga Resources Stock Price, Forecast & News

Targa Resources' stock was trading at $14.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TRGP stock has increased by 23.6% and is now trading at $17.86. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 2 sell ratings, 10 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Targa Resources.

Targa Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Targa Resources.

Targa Resources Corp (NYSE:TRGP) announced its earnings results on Thursday, May, 7th. The pipeline company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.78. The pipeline company earned $2.05 billion during the quarter, compared to analysts' expectations of $2.24 billion. Targa Resources had a negative net margin of 22.66% and a positive return on equity of 2.45%. View Targa Resources' earnings history.

Targa Resources declared a quarterly dividend on Monday, April 20th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.10 per share on Friday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Thursday, April 30th. View Targa Resources' dividend history.

20 brokerages have issued 1 year price objectives for Targa Resources' shares. Their forecasts range from $13.00 to $48.00. On average, they expect Targa Resources' stock price to reach $27.29 in the next year. This suggests a possible upside of 52.8% from the stock's current price. View analysts' price targets for Targa Resources.

Headlines about TRGP stock have trended very negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Targa Resources earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave news stories about the pipeline company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Targa Resources.

Targa Resources saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,900,000 shares, a drop of 10.7% from the June 15th total of 6,610,000 shares. Based on an average daily trading volume, of 5,850,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.6% of the shares of the stock are short sold. View Targa Resources' Current Options Chain.

Some companies that are related to Targa Resources include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Frontline (FRO), Ship Finance International (SFL), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay Tankers (TNK), Teekay (TK) and GasLog (GLOG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Targa Resources investors own include Energy Transfer LP Unit (ET), Government Properties Income Trust (GOV), Esperion Therapeutics (ESPR), Enterprise Products Partners (EPD), AT&T (T), Targa Resources Partners (NGLS.PA), Kinder Morgan (KMI), Alon USA Partners (ALDW), New Residential Investment (NRZ) and Intel (INTC).

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

Targa Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.09%), SL Advisors LLC (0.01%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Spirit of America Management Corp NY (0.00%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, John Richard Klein, Rene R Joyce and Robert B Evans. View institutional ownership trends for Targa Resources.

TRGP stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, and SL Advisors LLC. View insider buying and selling activity for Targa Resources.

TRGP stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Nelson Van Denburg & Campbell Wealth Management Group 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 activity for 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.

One share of TRGP stock can currently be purchased for approximately $17.86.

Targa Resources has a market capitalization of $4.16 billion and generates $8.67 billion in revenue each year. The pipeline company earns $-209,200,000.00 in net income (profit) each year or ($0.81) on an earnings per share basis. Targa Resources employs 2,680 workers across the globe.

The official website for Targa Resources is www.targaresources.com.

Targa Resources' mailing address is 811 LOUISIANA STREET SUITE 2100, HOUSTON TX, 77002. The pipeline company can be reached via phone at 713-584-1000 or via email at [email protected]