Targa Resources Stock Forecast, Price & News

+0.97 (+2.28 %)
(As of 07/26/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume1.25 million shs
Average Volume1.52 million shs
Market Capitalization$9.94 billion
P/E Ratio50.57
Dividend Yield0.94%
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About Targa Resources

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 Transportation. 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; and gathering, purchasing, storing, terminaling, and selling crude oil. 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. It operates approximately 28,700 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 75 million barrels. As of December 31, 2020, the company leased and managed approximately 694 railcars; 124 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

2.08 out of 5 stars

Oils/Energy Sector

105th out of 1,424 stocks

Natural Gas Transmission Industry

11th out of 74 stocks

Analyst Opinion: 2.5Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Targa Resources (NYSE:TRGP) Frequently Asked Questions

Is Targa Resources a buy right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 2 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Targa Resources stock.
View analyst ratings for Targa Resources
or view top-rated stocks.

What stocks does MarketBeat like better than Targa Resources?

Wall Street analysts have given Targa Resources a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Targa Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Targa Resources?

Targa Resources saw a drop in short interest in July. As of July 15th, there was short interest totaling 4,870,000 shares, a drop of 22.3% from the June 30th total of 6,270,000 shares. Based on an average daily volume of 2,680,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.2% of the shares of the company are short sold.
View Targa Resources' Short Interest

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Targa Resources

How can I listen to Targa Resources' earnings call?

Targa Resources will be holding an earnings conference call on Thursday, August 5th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) issued its earnings results on Thursday, May, 6th. The pipeline company reported $0.53 EPS for the quarter, beating the Zacks' consensus estimate 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 5.53% and a net margin of 3.36%.
View Targa Resources' earnings history

How has Targa Resources' stock been impacted by COVID-19 (Coronavirus)?

Targa Resources' stock was trading at $14.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TRGP shares have increased by 201.0% and is now trading at $43.49.
View which stocks have been most impacted by COVID-19

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

Targa Resources declared a quarterly dividend on Thursday, July 15th. Stockholders of record on Friday, July 30th will be paid a dividend of $0.10 per share on Monday, August 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, July 29th.
View Targa Resources' dividend history

Is Targa Resources a good dividend stock?

Targa Resources pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.94%. Targa Resources does not yet have a strong track record of dividend growth. The dividend payout ratio of Targa Resources is 38.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Targa Resources will have a dividend payout ratio of 21.98% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.
View Targa Resources' dividend history.

What price target have analysts set for TRGP?

18 brokers have issued twelve-month price targets for Targa Resources' shares. Their forecasts range from $19.00 to $57.00. On average, they expect Targa Resources' stock price to reach $42.63 in the next year. This suggests that the stock has a possible downside of 2.0%.
View analysts' price targets for Targa Resources
or view top-rated stocks among Wall Street analysts.

Who are Targa Resources' key executives?

Targa Resources' management team includes the following people:
  • Mr. Matthew J. Meloy, CEO & Director (Age 43, Pay $2.55M)
  • Ms. Jennifer R. Kneale, Chief Financial Officer (Age 42, Pay $1.12M)
  • Mr. D. Scott Pryor, Pres of Logistics & Transportation (Age 58, Pay $1.05M)
  • Mr. Patrick J. McDonie, Pres of Gathering & Processing (Age 60, Pay $1.05M)
  • Mr. Robert M. Muraro, Chief Commercial Officer (Age 44, Pay $1.05M)
  • Mr. G. Clark White, Exec. VP of Operations (Age 61)
  • Ms. Julie H. Boushka, Sr. VP & Chief Accounting Officer (Age 58)
  • Mr. Sanjay Lad, VP of Fin. & Investor Relations
  • Ms. Regina L. Gregory, Exec. VP, Gen. Counsel & Sec. (Age 50)

What is Joe Bob Perkins' approval rating as Targa Resources' CEO?

22 employees have rated Targa Resources CEO Joe Bob Perkins on Glassdoor.com. Joe Bob Perkins has an approval rating of 92% among Targa Resources' employees. This puts Joe Bob Perkins in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Targa Resources' key competitors?

What other stocks do shareholders of Targa Resources own?

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 shareholders include Chickasaw Capital Management LLC (2.00%), Eagle Global Advisors LLC (0.41%), Oregon Public Employees Retirement Fund (0.03%), New Mexico Educational Retirement Board (0.02%), State of Alaska Department of Revenue (0.02%) and Spirit of America Management Corp NY (0.01%). Company insiders that own Targa Resources stock include Chris Tong, James W Whalen, Joe Bob Perkins and Rene R Joyce.
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 Chickasaw Capital Management LLC, Eagle Global Advisors LLC, and Hodges Capital Management Inc.. Company insiders that have sold Targa Resources company stock in the last year include Chris Tong, James W Whalen, Joe Bob Perkins, and Rene R Joyce.
View insider buying and selling activity for Targa Resources
or view top insider-selling stocks.

Which institutional investors are buying Targa Resources stock?

TRGP stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, New Mexico Educational Retirement Board, State of Alaska Department of Revenue, Spirit of America Management Corp NY, and Stratos Wealth Partners LTD..
View insider buying and selling activity for Targa Resources
or or view top insider-buying stocks.

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 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 $43.49.

How much money does Targa Resources make?

Targa Resources has a market capitalization of $9.94 billion and generates $8.26 billion in revenue each year. The pipeline company earns $-1,553,900,000.00 in net income (profit) each year or $1.05 on an earnings per share basis.

How many employees does Targa Resources have?

Targa Resources employs 2,372 workers across the globe.

What is Targa Resources' official website?

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

Where are Targa Resources' headquarters?

Targa Resources is headquartered at TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002.

How can I contact Targa Resources?

Targa Resources' mailing address is TARGA RESOURCES PARTNERS LP 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]

This page was last updated on 7/27/2021 by MarketBeat.com Staff
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