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NYSE:TRGP

Targa Resources Stock Forecast, Price & News

$32.43
+1.50 (+4.85 %)
(As of 03/1/2021 10:03 AM ET)
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Today's Range
$31.82
Now: $32.43
$32.47
50-Day Range
$26.99
MA: $29.76
$32.55
52-Week Range
$3.66
Now: $32.43
$35.05
Volume6,608 shs
Average Volume1.95 million shs
Market Capitalization$7.42 billion
P/E RatioN/A
Dividend Yield1.29%
Beta2.99
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; 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. It operates approximately 28,900 miles of natural gas pipelines, including 46 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 72 million barrels. As of December 31, 2019, the company leased and managed approximately 698 railcars; 138 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.
Targa Resources logo

Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryOil & Gas Storage & Transportation
CUSIP87612G10
Phone713-584-1000
Employees2,680
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.67 billion
Cash Flow$4.17 per share
Book Value$36.27 per share

Profitability

Net Income$-209,200,000.00

Miscellaneous

Market Cap$7.42 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.63 out of 5 stars

Oils/Energy Sector

101st out of 668 stocks

Natural Gas Transmission Industry

13th out of 36 stocks

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$32.43
+1.50 (+4.85 %)
(As of 03/1/2021 10:03 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Targa Resources (NYSE:TRGP) Frequently Asked Questions

Is Targa Resources a buy right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 4 hold ratings, 15 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.

What stocks does MarketBeat like better than Targa Resources?

Wall Street analysts have given Targa Resources a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Targa Resources wasn't one of them. MarketBeat thinks these five stocks 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 February. As of February 12th, there was short interest totaling 2,660,000 shares, a drop of 18.4% from the January 28th total of 3,260,000 shares. Based on an average trading volume of 2,050,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.2% of the shares of the stock 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, May 6th 2021.
View our earnings forecast for Targa Resources
.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) announced its earnings results on Thursday, November, 5th. The pipeline company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.09 by $0.07. The pipeline company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.90 billion. Targa Resources had a positive trailing twelve-month return on equity of 5.97% and a negative net margin of 20.83%.
View Targa Resources' earnings history
.

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

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 shares have increased by 124.4% and is now trading at $32.43.
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 Wednesday, January 20th. Stockholders of record on Monday, February 1st will be given a dividend of $0.10 per share on Tuesday, February 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, January 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 1.29%.
View Targa Resources' dividend history.

What price target have analysts set for TRGP?

20 equities research analysts have issued 1 year price targets for Targa Resources' shares. Their forecasts range from $19.00 to $40.00. On average, they anticipate Targa Resources' stock price to reach $30.11 in the next year. This suggests that the stock has a possible downside of 7.2%.
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 $2.53M)
  • Ms. Jennifer R. Kneale, Chief Financial Officer (Age 42, Pay $1.05M)
  • Mr. D. Scott Pryor, Pres of Logistics & Transportation (Age 58, Pay $1.32M)
  • Mr. Patrick J. McDonie, Pres of Gathering & Processing (Age 60, Pay $1.32M)
  • Mr. Robert M. Muraro, Chief Commercial Officer (Age 44, Pay $1.32M)
  • 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (4.87%), Price T Rowe Associates Inc. MD (3.40%), Kayne Anderson Capital Advisors LP (3.16%), Chickasaw Capital Management LLC (2.81%), Brookfield Asset Management Inc. (1.49%) and Morgan Stanley (1.09%). Company insiders that own Targa Resources stock include James W Whalen, Rene R Joyce and Robert B Evans.
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 Price T Rowe Associates Inc. MD, Bank of New York Mellon Corp, Chickasaw Capital Management LLC, Renaissance Technologies LLC, Voloridge Investment Management LLC, HITE Hedge Asset Management LLC, Paloma Partners Management Co, and Brookfield Asset Management Inc.. Company insiders that have sold Targa Resources company stock in the last year include James W Whalen, and Rene R Joyce.
View insider buying and selling activity for Targa Resources
or view top insider-selling stocks.

Which major investors are buying Targa Resources stock?

TRGP stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Mackenzie Financial Corp, Jennison Associates LLC, Miller Howard Investments Inc. NY, ExodusPoint Capital Management LP, Eagle Global Advisors LLC, Carlson Capital L P, and Charles Schwab Investment Management Inc..
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 $32.43.

How much money does Targa Resources make?

Targa Resources has a market capitalization of $7.42 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.

How many employees does Targa Resources have?

Targa Resources employs 2,680 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 3/1/2021 by MarketBeat.com Staff

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