NYSE:TRGP - Targa Resources Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$40.75 +0.71 (+1.77 %)
(As of 03/19/2019 06:00 AM ET)
Previous Close$40.04
Today's Range$39.97 - $40.77
52-Week Range$33.55 - $59.21
Volume1.65 million shs
Average Volume2.63 million shs
Market Capitalization$9.46 billion
P/E Ratio203.75
Dividend Yield9.09%
Beta2.04
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.

Receive TRGP News and Ratings via Email

Sign-up to receive the latest news and ratings for TRGP and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry N/A
Sub-IndustryOil & Gas Storage & Transportation
SectorOils/Energy
CUSIP87612G10
Phone713-584-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.48 billion
Cash Flow$5.2717 per share
Book Value$32.58 per share

Profitability

Net Income$1.60 million

Miscellaneous

Employees2,130
Market Cap$9.46 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Thursday, January 17th. Stockholders of record on Thursday, January 31st will be given a dividend of $0.91 per share on Friday, February 15th. This represents a $3.64 annualized dividend and a dividend yield of 8.93%. The ex-dividend date is Wednesday, January 30th. View Targa Resources' Dividend History.

How were Targa Resources' earnings last quarter?

Targa Resources Corp (NYSE:TRGP) announced its earnings results on Thursday, May, 3rd. The pipeline company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.01. The pipeline company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.70 billion. Targa Resources had a net margin of 0.02% and a return on equity of 2.32%. View Targa Resources' Earnings History.

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Targa Resources.

What price target have analysts set for TRGP?

20 brokerages have issued 12 month price targets for Targa Resources' stock. Their forecasts range from $46.00 to $66.00. On average, they anticipate Targa Resources' stock price to reach $55.55 in the next year. This suggests a possible upside of 36.3% from the stock's current price. View Analyst Price Targets for Targa Resources.

What is the consensus analysts' recommendation for Targa Resources?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 6 hold ratings, 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Targa Resources.

Has Targa Resources been receiving favorable news coverage?

News coverage about TRGP stock has trended somewhat negative recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Targa Resources earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned headlines about the pipeline company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future.

Who are some of Targa Resources' key competitors?

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 LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), Intel (INTC), Blackstone Group (BX), Kinder Morgan (KMI), Verizon Communications (VZ), Cisco Systems (CSCO), Targa Resources Partners (NGLS) and Pfizer (PFE).

Who are Targa Resources' key executives?

Targa Resources' management team includes the folowing people:
  • Mr. Joe Bob Perkins, CEO & Director (Age 59)
  • Mr. Matthew J. Meloy, Pres (Age 41)
  • Mr. D. Scott Pryor, Pres of Logistics & Marketing (Age 56)
  • Mr. Robert M. Muraro, Chief Commercial Officer (Age 42)
  • Mr. Patrick J. McDonie, Pres of Gathering & Processing (Age 58)

Who are Targa Resources' major shareholders?

Targa Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.76%), Harvest Fund Advisors LLC (5.61%), Tortoise Capital Advisors L.L.C. (4.23%), Kayne Anderson Capital Advisors LP (3.50%), Chickasaw Capital Management LLC (2.78%) and Bank of New York Mellon Corp (2.17%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, Dan C Middlebrooks, Jeffrey J Mcparland and John Richard Klein. 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 Zimmer Partners LP, Jennison Associates LLC, HITE Hedge Asset Management LLC, Eagle Global Advisors LLC, Chickasaw Capital Management LLC, M&T Bank Corp, Harvest Fund Advisors LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold Targa Resources company stock in the last year include Charles R Crisp and John Richard Klein. View Insider Buying and Selling for Targa Resources.

Which institutional investors are buying Targa Resources stock?

TRGP stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Tortoise Capital Advisors L.L.C., RR Advisors LLC, CIBC Private Wealth Group LLC, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Yaupon Capital Management LP and Geode Capital Management LLC. 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 $40.75.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $9.46 billion and generates $10.48 billion in revenue each year. The pipeline company earns $1.60 million in net income (profit) each year or $0.20 on an earnings per share basis. Targa Resources employs 2,130 workers across the globe.

What is Targa Resources' official website?

The official website for Targa Resources is http://www.targaresources.com.

How can I contact Targa Resources?

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]


MarketBeat Community Rating for Targa Resources (NYSE TRGP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  520 (Vote Outperform)
Underperform Votes:  472 (Vote Underperform)
Total Votes:  992
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.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel