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

$39.71
+0.55 (+1.40 %)
(As of 07/22/2019 04:24 AM ET)
Today's Range
$38.87
Now: $39.71
$39.74
50-Day Range
$36.45
MA: $39.11
$42.12
52-Week Range
$33.55
Now: $39.71
$59.21
Volume1.69 million shs
Average Volume1.83 million shs
Market Capitalization$9.23 billion
P/E Ratio198.55
Dividend Yield9.17%
Beta1.77
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, 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. Read More…

Industry, Sector and Symbol

Industry Natural gas transmission
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$5.2526 per share
Book Value$32.58 per share

Profitability

Net Income$1.60 million

Miscellaneous

Employees2,460
Market Cap$9.23 billion
Next Earnings Date8/8/2019 (Confirmed)
OptionableOptionable

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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 Wednesday, July 17th. Investors of record on Wednesday, July 31st will be given a dividend of $0.91 per share on Thursday, August 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date is Tuesday, July 30th. View Targa Resources' Dividend History.

How were Targa Resources' earnings last quarter?

Targa Resources Corp (NYSE:TRGP) posted its quarterly earnings results on Wednesday, May, 8th. The pipeline company reported ($0.30) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.14) by $0.16. The pipeline company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.44 billion. Targa Resources had a positive return on equity of 1.45% and a negative net margin of 0.58%. 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, August 8th 2019. View Earnings Estimates for Targa Resources.

What price target have analysts set for TRGP?

19 Wall Street analysts have issued 12-month price objectives for Targa Resources' shares. Their forecasts range from $45.00 to $66.00. On average, they expect Targa Resources' stock price to reach $54.3333 in the next year. This suggests a possible upside of 36.8% from the stock's current price. View Analyst Price Targets for Targa Resources.

What is the consensus analysts' recommendation for Targa Resources?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 5 hold ratings and 14 buy ratings 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 stories about TRGP stock have trended somewhat positive on Monday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by reviewing 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 five, with scores nearest to five being the most favorable. Targa Resources earned a media sentiment score of 0.6 on InfoTrie's scale. They also gave media stories about the pipeline company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Targa Resources.

Who are some of Targa Resources' key competitors?

What other stocks do shareholders of Targa Resources own?

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)
  • Ms. Jennifer R. Kneale, Chief Financial Officer (Age 40)
  • Mr. Paul W. Chung, Exec. VP, Gen. Counsel & Sec. (Age 59)
  • Mr. D. Scott Pryor, Pres of Logistics & Marketing (Age 56)

Who are Targa Resources' major shareholders?

Targa Resources' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (2.64%), Miller Howard Investments Inc. NY (0.20%), Spirit of America Management Corp NY (0.10%), Viking Fund Management LLC (0.10%), Dividend Assets Capital LLC (0.07%) and Gilman Hill Asset Management LLC (0.05%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, Dan C Middlebrooks, John Richard Klein 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 Bessemer Group Inc., Dividend Assets Capital LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, Nisa Investment Advisors LLC, Spirit of America Management Corp NY, Searle & CO., Winslow Evans & Crocker Inc. and DNB Asset Management AS. 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 major investors are buying Targa Resources stock?

TRGP stock was bought by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Miller Howard Investments Inc. NY, Viking Fund Management LLC, Gateway Investment Advisers LLC, Bristlecone Advisors LLC, Penbrook Management LLC, FDx Advisors Inc. and MHI Funds LLC. Company insiders that have bought Targa Resources stock in the last two years include Chris Tong and Robert B Evans. 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 $39.71.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $9.23 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 2,460 workers across the globe.View Additional Information About Targa Resources.

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 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 (NYSE TRGP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  541 (Vote Outperform)
Underperform Votes:  499 (Vote Underperform)
Total Votes:  1,040
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 7/22/2019 by MarketBeat.com Staff

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