Targa Resources Company Profile (NYSE:TRGP)

About Targa Resources (NYSE:TRGP)

Targa Resources logoTarga Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products. The Gathering and Processing segment consists of gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas and gathering crude oil. The Logistics and Marketing segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain services, such as storing, fractionating, terminalling, transporting and marketing of NGLs and NGL products.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Transportation Services
  • Sub-Industry: Oil & Gas Storage & Transportation
  • Symbol: NYSE:TRGP
  • CUSIP: 87612G10
  • Web: www.targaresources.com
Capitalization:
  • Market Cap: $9.43919 billion
  • Outstanding Shares: 215,605,000
Average Prices:
  • 50 Day Moving Avg: $46.70
  • 200 Day Moving Avg: $47.68
  • 52 Week Range: $40.25 - $61.83
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -729.67
  • P/E Growth: -6.09
Sales & Book Value:
  • Annual Revenue: $7.65 billion
  • Price / Sales: 1.23
  • Book Value: $29.97 per share
  • Price / Book: 1.46
Dividend:
  • Annual Dividend: $3.64
  • Dividend Yield: 8.3%
Profitability:
  • EBITDA: $1.02 billion
  • Net Margins: -2.92%
  • Return on Equity: -0.64%
  • Return on Assets: -0.29%
Debt:
  • Debt-to-Equity Ratio: 0.57%
  • Current Ratio: 0.66%
  • Quick Ratio: 0.51%
Misc:
  • Average Volume: 1.44 million shs.
  • Beta: 2.21
  • Short Ratio: 3.32
 

Frequently Asked Questions for Targa Resources (NYSE:TRGP)

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 Wednesday, October 18th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.91 per share on Wednesday, November 15th. This represents a $3.64 annualized dividend and a dividend yield of 8.31%. The ex-dividend date is Tuesday, October 31st. View Targa Resources' Dividend History.

How were Targa Resources' earnings last quarter?

Targa Resources, Inc. (NYSE:TRGP) announced its quarterly earnings results on Thursday, February, 25th. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business earned $1.65 billion during the quarter, compared to analyst estimates of $1.90 billion. Targa Resources had a negative return on equity of 0.64% and a negative net margin of 2.92%. View Targa Resources' Earnings History.

When will Targa Resources make its next earnings announcement?

Targa Resources is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Targa Resources.

Where is Targa Resources' stock going? Where will Targa Resources' stock price be in 2017?

17 brokerages have issued 1 year target prices for Targa Resources' stock. Their predictions range from $47.00 to $65.00. On average, they anticipate Targa Resources' stock price to reach $54.41 in the next twelve months. View Analyst Ratings for Targa Resources.

What are analysts saying about Targa Resources stock?

Here are some recent quotes from research analysts about Targa Resources stock:

  • 1. According to Zacks Investment Research, "Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. The Company operates its business through two business segments: Natural Gas Gathering and Processing and NGL Logistics and Marketing. The Natural Gas Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids and removing impurities. NGL Logistics and Marketing segment is engaged in gathering and storing; fractionating, storing, and transporting of finished NGLs. Targa also markets the natural gas liquids produced and purchased in selected United States markets. The Company also offers refinery services and wholesale propane marketing operations. Targa Resources Corp is headquartered in Houston, Texas. " (10/19/2017)
  • 2. Credit Suisse Group analysts commented, " In our view, Targa's acquisition of Outrigger's Midland and Delaware assets checks all the requisite boxes including price, location and connectivity with the added bonus of flexible earn-out provisions. By our math (Figure 2 in the full report) the acquisition entails an effective (including the first earn-out payment) 2017 EBITDA multiple of 12.0x, falling to ~7.6x by 2020. Locking the earn-out provisions to pre-determined multiples means the deal only gets more accretive for TRGP as it approaches the $1.5B total consideration ceiling. Utilizing relatively conservative performance and margin assumptions, our analysis suggests a total consideration of $824mm and ~2-4% DCF accretion through 2020. We also liked the almost exclusive equity financing of the deal which not only protects the balance sheet but lowers our leverage forecast post-2017 (2017-2019 consolidated leverage goes to 4.0x, 3.8x, 3.6x from 3.9x, 3.8x, 3.9x)." (1/24/2017)

Who are some of Targa Resources' key competitors?

Who are Targa Resources' key executives?

Targa Resources' management team includes the folowing people:

  • James W. Whalen, Executive Chairman of the Board
  • Joe Bob Perkins, Chief Executive Officer, Director
  • Michael A. Heim, Vice Chairman of the Board
  • Matthew J. Meloy, Chief Financial Officer, Executive Vice President
  • Jeffrey J. McParland, President - Finance and Administration
  • Paul W. Chung, Executive Vice President, General Counsel, Secretary
  • D. Scott Pryor, Executive Vice President - Logistics and Marketing
  • Patrick J. McDonie, Executive Vice President - Southern Field Gathering and Processing
  • Daniel Chris Middlebrooks, Executive Vice President - Northern Field Gathering and Processing
  • Robert Muraro, Executive Vice President - Commercial

Who owns Targa Resources stock?

Targa Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.01%), Meeder Asset Management Inc. (0.01%), Winslow Evans & Crocker Inc. (0.00%) and Town & Country Bank & Trust CO dba First Bankers Trust CO (0.00%). Company insiders that own Targa Resources stock include Charles R Crisp, D Scott Pryor, Dan C Middlebrooks, James W Whalen, Jeffrey J Mcparland, Joe Bob Perkins, Michael A Heim, Paul W Chung and Rene R Joyce. View Institutional Ownership Trends for Targa Resources.

Who sold Targa Resources stock? Who is selling Targa Resources stock?

Targa Resources' stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Meeder Asset Management Inc. and Winslow Evans & Crocker Inc.. Company insiders that have sold Targa Resources stock in the last year include Charles R Crisp, Dan C Middlebrooks, Jeffrey J Mcparland, Joe Bob Perkins, Michael A Heim and Paul W Chung. View Insider Buying and Selling for Targa Resources.

Who bought Targa Resources stock? Who is buying Targa Resources stock?

Targa Resources' stock was bought by a variety of institutional investors in the last quarter, including Town & Country Bank & Trust CO dba First Bankers Trust CO. View Insider Buying and Selling for Targa Resources.

How do I buy Targa Resources stock?

Shares of Targa Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Targa Resources' stock price today?

One share of Targa Resources stock can currently be purchased for approximately $43.78.


MarketBeat Community Rating for Targa Resources (NYSE TRGP)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  370 (Vote Outperform)
Underperform Votes:  338 (Vote Underperform)
Total Votes:  708
MarketBeat's community ratings are surveys of what our community members think about Targa Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Targa Resources (NYSE:TRGP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 8 Hold Ratings, 8 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.59)
Consensus Price Target: $54.41 (24.28% upside)
Consensus Price Target History for Targa Resources (NYSE:TRGP)
Price Target History for Targa Resources (NYSE:TRGP)
Analysts' Ratings History for Targa Resources (NYSE:TRGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/19/2017Barclays PLCReiterated RatingHold$50.00N/AView Rating Details
10/17/2017Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$53.00N/AView Rating Details
10/16/2017Jefferies Group LLCDowngradeBuy -> HoldN/AView Rating Details
10/13/2017Wells Fargo & CompanyLower Price TargetOutperform$54.00 -> $53.00N/AView Rating Details
10/13/2017BMO Capital MarketsSet Price TargetHold$51.00N/AView Rating Details
10/10/2017Citigroup Inc.DowngradeBuy -> Neutral$54.00 -> $52.00N/AView Rating Details
9/17/2017Robert W. BairdReiterated RatingBuy$53.00LowView Rating Details
8/23/2017Stifel NicolausSet Price TargetBuy$53.00LowView Rating Details
8/21/2017Royal Bank Of CanadaReiterated RatingBuy$60.00LowView Rating Details
8/14/2017GuggenheimUpgradeNeutral -> Buy$50.00MediumView Rating Details
7/13/2017Deutsche Bank AGDowngradeBuy -> Hold$69.00 -> $47.00LowView Rating Details
6/5/2017J P Morgan Chase & CoReiterated RatingNeutral$65.00 -> $53.00LowView Rating Details
5/28/2017Credit Suisse GroupSet Price TargetHold$54.00HighView Rating Details
5/5/2017Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$64.00 -> $55.00HighView Rating Details
5/2/2017Seaport Global SecuritiesUpgradeNeutral -> Buy$63.00LowView Rating Details
4/21/2017MacquarieInitiated CoverageOutperform$65.00MediumView Rating Details
3/6/2017Evercore ISIUpgradeIn-Line -> Outperform$64.00N/AView Rating Details
8/31/2016WunderlichBoost Price TargetHold$44.00 -> $45.00N/AView Rating Details
5/2/2016Capital One Financial CorporationUpgradeEqual Weight -> Overweight$33.00 -> $44.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Targa Resources (NYSE:TRGP)
Earnings by Quarter for Targa Resources (NYSE:TRGP)
Earnings History by Quarter for Targa Resources (NYSE TRGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017($0.06)N/AView Earnings Details
2/25/2016Q4$0.48$0.48$1.90 billion$1.65 billionViewListenView Earnings Details
11/3/2015Q3$0.52$0.23$1.99 billion$1.63 billionViewN/AView Earnings Details
8/4/2015Q2$0.63$0.27$2.34 billion$1.70 billionViewN/AView Earnings Details
5/5/2015Q115$0.63$0.55$1.42 billion$1.68 millionViewN/AView Earnings Details
2/13/2015Q414$0.65$0.58$1.85 billion$2.03 billionViewN/AView Earnings Details
11/4/2014Q314$0.65$0.73$2.08 billion$2.29 billionViewN/AView Earnings Details
8/1/2014Q214$0.61$0.63$2.06 billion$2.06 millionViewN/AView Earnings Details
5/1/2014Q212$0.62$0.47$1.99 billion$1.99 billionViewN/AView Earnings Details
2/13/2014Q4$0.50$0.48$1.62 billion$2.16 billionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Targa Resources (NYSE:TRGP)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.32$0.32$0.32
Q2 20171$0.38$0.38$0.38
Q3 20171$0.44$0.44$0.44
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Targa Resources (NYSE:TRGP)
Next Dividend:11/15/2017
Annual Dividend:$3.64
Dividend Yield:8.31%
Dividend Growth:21.00% (3 Year Average)
Payout Ratio:-183.84% (Trailing 12 Months of Earnings)
-551.52% (Based on This Year's Estimates)
-6,066.67% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Targa Resources (NYSE:TRGP)

Dividend History by Quarter for Targa Resources (NYSE TRGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/18/2017quarterly$0.918.18%10/31/201711/1/201711/15/2017
7/19/2017quarterly$0.917.85%7/28/20178/1/20178/15/2017
4/19/2017quarterly$0.916.48%4/28/20175/2/20175/16/2017
1/19/2017quarterly$0.916.06%1/30/20172/1/20172/15/2017
10/19/2016quarterly$0.917.62%10/31/201611/2/201611/15/2016
7/19/2016quarterly$0.918.73%7/29/20168/2/20168/15/2016
4/20/2016quarterly$0.919.47%4/29/20165/3/20165/16/2016
1/19/2016quarterly$0.9119.42%1/29/20162/2/20162/9/2016
10/20/2015quarterly$0.915.98%10/29/201511/2/201511/16/2015
7/21/2015quarterly$0.884.1%7/30/20158/3/20158/17/2015
4/21/2015quarterly$0.833.15%4/30/20155/4/20155/18/2015
1/21/2015quarterly$0.783.4%1/29/20152/2/20152/17/2015
10/23/2014quarterly$0.732.17%10/30/201411/3/201411/17/2014
7/15/2014quarterly$0.691.98%7/24/20147/28/20148/15/2014
4/15/2014quarterly$0.652.43%4/24/20144/28/20145/16/2014
1/14/2014quarterly$0.612.73%1/23/20141/27/20142/18/2014
10/21/2013quarterly$0.572.9%10/29/201310/31/201311/15/2013
7/16/2013quarterly$0.533.14%7/25/20137/29/20138/15/2013
4/16/2013quarterly$0.503.01%4/25/20134/29/20135/16/2013
1/15/2013quarterly$0.463.13%1/24/20131/28/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Targa Resources (NYSE:TRGP)
Insider Ownership Percentage: 1.93%
Institutional Ownership Percentage: 87.43%
Insider Trades by Quarter for Targa Resources (NYSE:TRGP)
Institutional Ownership by Quarter for Targa Resources (NYSE:TRGP)
Insider Trades by Quarter for Targa Resources (NYSE:TRGP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/10/2017Dan C MiddlebrooksInsiderSell2,100$44.70$93,870.00View SEC Filing  
3/31/2017Jeffrey J McparlandInsiderSell200$60.00$12,000.00View SEC Filing  
3/1/2017Jeffrey J McparlandInsiderSell9,600$57.43$551,328.00View SEC Filing  
2/3/2017Jeffrey J McparlandInsiderSell10,800$58.49$631,692.00View SEC Filing  
1/20/2017Jeffrey J McparlandInsiderSell9,600$60.07$576,672.00View SEC Filing  
1/20/2017Joe Bob PerkinsCEOSell50,000$60.09$3,004,500.00View SEC Filing  
1/18/2017Michael A HeimVice ChairmanSell25,000$60.00$1,500,000.00View SEC Filing  
12/20/2016Jeffrey J McparlandInsiderSell8,300$56.38$467,954.00View SEC Filing  
12/13/2016Jeffrey J McparlandInsiderSell100$55.00$5,500.00View SEC Filing  
11/17/2016Jeffrey J McparlandInsiderSell3,800$50.12$190,456.00View SEC Filing  
11/9/2016Dan C MiddlebrooksInsiderSell2,000$47.92$95,840.00View SEC Filing  
11/9/2016Paul W ChungEVPSell9,300$47.15$438,495.00View SEC Filing  
11/8/2016Michael A HeimVice ChairmanSell66,248$46.35$3,070,594.80View SEC Filing  
11/8/2016Paul W ChungEVPSell3,100$47.17$146,227.00View SEC Filing  
11/7/2016Charles R CrispDirectorSell10,000$46.13$461,300.00View SEC Filing  
11/7/2016Michael A HeimVice ChairmanSell24,148$45.67$1,102,839.16View SEC Filing  
11/7/2016Paul W ChungEVPSell3,100$46.22$143,282.00View SEC Filing  
11/2/2016Jeffrey J McparlandInsiderSell7,200$45.58$328,176.00View SEC Filing  
10/10/2016Jeffrey J McparlandInsiderSell1,800$50.09$90,162.00View SEC Filing  
10/10/2016Joe Bob PerkinsCEOSell8,984$50.13$450,367.92View SEC Filing  
10/3/2016Jeffrey J McparlandInsiderSell7,200$48.86$351,792.00View SEC Filing  
9/29/2016Jeffrey J McparlandInsiderSell100$50.00$5,000.00View SEC Filing  
9/29/2016Joe Bob PerkinsCEOSell1,405$50.03$70,292.15View SEC Filing  
9/28/2016Jeffrey J McparlandInsiderSell100$50.00$5,000.00View SEC Filing  
9/22/2016Jeffrey J McparlandInsiderSell1,000$50.34$50,340.00View SEC Filing  
9/22/2016Joe Bob PerkinsCEOSell7,843$50.45$395,679.35View SEC Filing  
9/6/2016Jeffrey J McparlandInsiderSell25,100$45.50$1,142,050.00View SEC Filing  
7/27/2016D. Scott PryorInsiderSell7,500$37.66$282,450.00View SEC Filing  
7/12/2016Jeffrey J McparlandInsiderSell3,700$45.13$166,981.00View SEC Filing  
6/13/2016James W WhalenInsiderSell25,000$40.00$1,000,000.00View SEC Filing  
5/12/2016Paul W ChungEVPSell20,640$42.01$867,086.40View SEC Filing  
5/12/2016Rene R JoyceDirectorSell75,091$41.87$3,144,060.17View SEC Filing  
1/16/2015Joe Bob PerkinsCEOSell25,000$87.28$2,182,000.00View SEC Filing  
10/14/2014Joe Bob PerkinsCEOSell25,000$113.05$2,826,250.00View SEC Filing  
9/16/2014Charles R CrispDirectorSell12,000$139.39$1,672,680.00View SEC Filing  
7/11/2014Joe Bob PerkinsCEOSell25,000$137.86$3,446,500.00View SEC Filing  
4/11/2014Joe Bob PerkinsCEOSell25,000$103.65$2,591,250.00View SEC Filing  
4/2/2014Charles CrispDirectorSell12,000$104.13$1,249,560.00View SEC Filing  
4/1/2014James WhalenCEOSell23,000$100.00$2,300,000.00View SEC Filing  
3/25/2014James WhalenCEOSell23,000$97.88$2,251,240.00View SEC Filing  
2/28/2014John Robert SpargerCAOSell15,000$97.31$1,459,650.00View SEC Filing  
2/27/2014Michael HeimCOOSell13,054$97.16$1,268,326.64View SEC Filing  
2/24/2014Jeffrey McparlandInsiderSell40,000$96.29$3,851,600.00View SEC Filing  
2/20/2014Matthew MeloyCFOSell15,459$96.07$1,485,146.13View SEC Filing  
8/9/2012Jeffrey J McparlandInsiderSell257,874$44.68$11,521,810.32View SEC Filing  
8/9/2012Matthew J MeloyCFOSell4,000$44.32$177,280.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

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Targa Resources (TRGP) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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