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NYSE:TRGP

Targa Resources (TRGP) Stock Forecast, Price & News

$69.77
-3.19 (-4.37%)
(As of 05/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$68.65
$73.52
50-Day Range
$64.94
$80.63
52-Week Range
$37.13
$81.50
Volume
1.59 million shs
Average Volume
1.72 million shs
Market Capitalization
$15.91 billion
P/E Ratio
N/A
Dividend Yield
1.92%
Beta
2.52
30 days | 90 days | 365 days | Advanced Chart
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Targa Resources logo

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 28,400 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 76 million barrels. As of December 31, 2021, the company leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Headlines

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Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
87612G10
Employees
2,430
Year Founded
N/A

Sales & Book Value

Annual Sales
$16.95 billion
Cash Flow
$6.00 per share
Book Value
$22.62 per share

Profitability

Net Income
$71.20 million
Pretax Margin
2.11%

Debt

Price-To-Earnings

Miscellaneous

Free Float
225,480,000
Market Cap
$15.91 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 5/16 Dividend
4/28/2022
Last Earnings
5/05/2022
Dividend Payable
5/16/2022
Dividend Payable
5/16/2022
Today
5/18/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022
Ex-Dividend for 5/16 Dividend
1/01/2100

MarketRank

Overall MarketRank

2.45 out of 5 stars

Oils/Energy Sector

64th out of 386 stocks

Natural Gas Transmission Industry

4th out of 31 stocks

Analyst Opinion: 1.5Community Rank: 4.7Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













Targa Resources (NYSE:TRGP) Frequently Asked Questions

Is Targa Resources a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Targa Resources stock.
View analyst ratings for Targa Resources
or view top-rated stocks.

Are investors shorting Targa Resources?

Targa Resources saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,780,000 shares, a decline of 28.0% from the April 15th total of 3,860,000 shares. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is presently 1.6 days. Approximately 1.2% of the shares of the company are sold short.
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 4th 2022.
View our earnings forecast for Targa Resources
.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) issued its quarterly earnings results on Thursday, May, 5th. The pipeline company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.69. Targa Resources had a negative net margin of 0.22% and a positive trailing twelve-month return on equity of 8.24%. During the same quarter last year, the business posted $0.53 EPS.
View Targa Resources' earnings history
.

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

Targa Resources announced a quarterly dividend on Thursday, April 14th. Investors of record on Friday, April 29th will be given a dividend of $0.35 per share on Monday, May 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.01%.
View Targa Resources' dividend history
.

Is Targa Resources a good dividend stock?

Targa Resources pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.92%.
View Targa Resources' dividend history.

What price target have analysts set for TRGP?

11 Wall Street analysts have issued 12 month price targets for Targa Resources' stock. Their forecasts range from $62.00 to $103.00. On average, they anticipate Targa Resources' share price to reach $75.73 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
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:
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.

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.30%), BlackRock Inc. (9.70%), Blackstone Inc. (4.69%), State Street Corp (3.44%), Goldman Sachs Group Inc. (2.98%) and Invesco Ltd. (2.37%). Company insiders that own Targa Resources stock include Chris Tong, 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 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 Citigroup Inc., RR Advisors LLC, Vanguard Group Inc., Strs Ohio, Blackstone Inc., Panagora Asset Management Inc., Royal Bank of Canada, and SIR Capital Management L.P.. Company insiders that have sold Targa Resources company stock in the last year include Chris Tong, G Clark White, Joe Bob Perkins, Julie H Boushka, Paul W Chung, Regina Gregory, Rene R Joyce, and Robert Muraro.
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 acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, State Street Corp, CI Investments Inc., Russell Investments Group Ltd., Arrowstreet Capital Limited Partnership, Cbre Investment Management Listed Real Assets LLC, Goldman Sachs Group Inc., and Diameter Capital Partners LP.
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 $69.77.

How much money does Targa Resources make?

Targa Resources has a market capitalization of $15.91 billion and generates $16.95 billion in revenue each year. The pipeline company earns $71.20 million in net income (profit) each year or ($0.580010) on an earnings per share basis.

How many employees does Targa Resources have?

Targa Resources employs 2,430 workers across the globe.

What is Targa Resources' official website?

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

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, via email at [email protected], or via fax at 713-584-1100.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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