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
Industry Natural gas transmission
Sub-IndustryOil & Gas Storage & Transportation
SectorOils/Energy
SymbolNYSE:TRGP
CUSIP87612G10
Phone713-584-1000
Debt
Debt-to-Equity Ratio0.73
Current Ratio0.84
Quick Ratio0.77
Price-To-Earnings
Trailing P/E Ratio-115.00
Forward P/E Ratio-309.06
P/E GrowthN/A
Sales & Book Value
Annual Sales$8.81 billion
Price / Sales1.23
Cash Flow$4.0466 per share
Price / Cash12.22
Book Value$31.33 per share
Price / Book1.58
Profitability
EPS (Most Recent Fiscal Year)($0.43)
Net Income$54 million
Net Margins1.82%
Return on Equity0.88%
Return on Assets0.42%
Miscellaneous
Employees2,130
Outstanding Shares218,830,000
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, April 18th. Investors of record on Tuesday, May 1st will be given a dividend of $0.91 per share on Tuesday, May 15th. This represents a $3.64 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Monday, April 30th. View Targa Resources' Dividend History.
How were Targa Resources' earnings last quarter?
Targa Resources Corp (NYSE:TRGP) posted its quarterly earnings data on Thursday, May, 3rd. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01. The pipeline company earned $2.46 billion during the quarter, compared to analyst estimates of $2.70 billion. Targa Resources had a return on equity of 0.88% and a net margin of 1.82%. View Targa Resources' Earnings History.
When is Targa Resources' next earnings date?
What price target have analysts set for TRGP?
15 brokerages have issued 1-year price targets for Targa Resources' stock. Their forecasts range from $46.00 to $68.00. On average, they anticipate Targa Resources' stock price to reach $53.7143 in the next twelve months. 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), TC PIPELINES LP Common Stock (TRP), Kinder Morgan (KMI), National Grid (NGG), Williams Companies (WMB), Energy Transfer Equity LP Unit (ETE), Spectra Energy Partners (SEP), Western Gas Equity Partners (WGP), Enable Midstream Partners (ENBL), Western Gas Partners (WES), EQT GP (EQGP), Antero Midstream Partners (AM), DCP Midstream (DCP), EnLink Midstream Partners (ENLK) 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?
News stories about TRGP stock have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Targa Resources earned a news sentiment score of 0.19 on Accern's scale. They also gave media headlines about the pipeline company an impact score of 46.27 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Targa Resources' major shareholders?
Targa Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.58%), OppenheimerFunds Inc. (3.85%), Tortoise Capital Advisors L.L.C. (3.59%), Tortoise Capital Advisors L.L.C. (3.59%), Kayne Anderson Capital Advisors LP (3.47%) and Brookfield Asset Management Inc. (3.06%). Company insiders that own Targa Resources stock include Charles R Crisp, D Scott Pryor, 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 Blackstone Group L.P., OppenheimerFunds Inc., Boston Partners, Dimensional Fund Advisors LP, State of Wisconsin Investment Board, Infrastructure Capital Advisors LLC, Swiss National Bank and Reaves W H & Co. Inc.. Company insiders that have sold Targa Resources company stock in the last year include Dan C Middlebrooks and John Richard Klein. 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 Brookfield Asset Management Inc., Summit Trail Advisors LLC, Neuberger Berman Group LLC, Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C., Zimmer Partners LP, Point72 Asset Management L.P. and Global X Management Co. 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 $49.45.
How big of a company is Targa Resources?
Targa Resources has a market capitalization of $10.56 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 (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.
