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 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.
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 Ratio0.74
Current Ratio0.73
Quick Ratio0.64
Price-To-Earnings
Trailing P/E Ratio-126.09
Forward P/E Ratio-1,355.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$8.81 billion
Price / Sales1.39
Cash Flow$3.9635 per share
Price / Cash13.68
Book Value$31.33 per share
Price / Book1.73
Profitability
EPS (Most Recent Fiscal Year)($0.43)
Net Income$54 million
Net Margins2.24%
Return on Equity1.62%
Return on Assets0.76%
Miscellaneous
Employees2,130
Outstanding Shares225,560,000
Market Cap$12.18 billion
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 announced 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 annualized dividend and a yield of 6.71%. The ex-dividend date is Tuesday, July 31st. View Targa Resources' Dividend History.
How were Targa Resources' earnings last quarter?
Targa Resources Corp (NYSE:TRGP) announced its quarterly earnings results on Thursday, May, 3rd. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by $0.01. The pipeline company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.70 billion. Targa Resources had a return on equity of 1.62% and a net margin of 2.24%. View Targa Resources' Earnings History.
When is Targa Resources' next earnings date?
What price target have analysts set for TRGP?
18 analysts have issued 12 month price objectives for Targa Resources' shares. Their predictions range from $46.00 to $68.00. On average, they anticipate Targa Resources' share price to reach $55.50 in the next year. This suggests a possible upside of 2.4% from the stock's current price. View Analyst Price Targets for Targa Resources.
What is the consensus analysts' recommendation for Targa Resources?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 10 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Targa Resources.
Who are some of Targa Resources' key competitors?
Some companies that are related to Targa Resources include Williams Partners (WPZ), Kinder Morgan (KMI), TC PIPELINES LP Common Stock (TRP), National Grid (NGG), Williams Companies (WMB), Energy Transfer Equity LP Unit (ETE), Spectra Energy Partners (SEP), Western Gas Partners (WES), Western Gas Equity Partners (WGP), Enable Midstream Partners (ENBL), EQT GP (EQGP), DCP Midstream (DCP), EnLink Midstream Partners (ENLK), Antero Midstream Partners (AM) and EQT Midstream Partners (EQM).
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?
Media headlines about TRGP stock have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Targa Resources earned a news and rumor sentiment score of 0.23 on Accern's scale. They also gave media coverage about the pipeline company an impact score of 47.06 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Targa Resources.
Who are Targa Resources' major shareholders?
Targa Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.76%), PointState Capital LP (3.93%), Tortoise Capital Advisors L.L.C. (3.85%), OppenheimerFunds Inc. (3.78%), Kayne Anderson Capital Advisors LP (3.61%) and Chickasaw Capital Management LLC (3.55%). Company insiders that own Targa Resources stock include Charles R Crisp, 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 major investors are selling Targa Resources stock?
TRGP stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Bank of New York Mellon Corp, Point72 Asset Management L.P., Chickasaw Capital Management LLC, Jennison Associates LLC, FMR LLC, CIBC Private Wealth Group LLC and Massachusetts Financial Services Co. MA. View Insider Buying and Selling for Targa Resources.
Which major investors are buying Targa Resources stock?
TRGP stock was bought by a variety of institutional investors in the last quarter, including PointState Capital LP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, HITE Hedge Asset Management LLC, Tortoise Capital Advisors L.L.C., SG Americas Securities LLC, BlackRock Inc., Perella Weinberg Partners Capital Management LP and Kayne Anderson Capital Advisors LP. 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 $54.22.
How big of a company is Targa Resources?
Targa Resources has a market capitalization of $12.18 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)
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.
