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NYSE:TRGPTarga Resources Stock Price, Forecast & News

$20.50
+1.13 (+5.83 %)
(As of 06/3/2020 03:13 PM ET)
Add
Compare
Today's Range
$19.64
Now: $20.50
$20.67
50-Day Range
$7.68
MA: $13.09
$18.42
52-Week Range
$3.66
Now: $20.50
$43.47
Volume3.07 million shs
Average Volume5.33 million shs
Market Capitalization$4.78 billion
P/E RatioN/A
Dividend Yield2.19%
Beta3.23
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. 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 28,500 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 71 million barrels. As of December 31, 2018, the company leased and managed approximately 585 railcars; 136 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.00 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryOil & Gas Storage & Transportation
CUSIP87612G10
Phone713-584-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.67 billion
Cash Flow$4.42 per share
Book Value$36.27 per share

Profitability

Net Income$-209,200,000.00

Miscellaneous

Employees2,680
Market Cap$4.78 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Targa Resources (NYSE:TRGP) Frequently Asked Questions

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

Targa Resources' stock was trading at $14.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TRGP stock has increased by 41.9% and is now trading at $20.50. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Targa Resources?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 2 sell ratings, 11 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Targa Resources.

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Targa Resources.

How were Targa Resources' earnings last quarter?

Targa Resources Corp (NYSE:TRGP) released its quarterly earnings results on Thursday, November, 7th. The pipeline company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.12. The pipeline company earned $1.90 billion during the quarter, compared to the consensus estimate of $2.25 billion. Targa Resources had a positive return on equity of 2.45% and a negative net margin of 22.66%. View Targa Resources' earnings history.

How often does Targa Resources pay dividends? What is the dividend yield for Targa Resources?

Targa Resources announced a quarterly dividend on Monday, April 20th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.10 per share on Friday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 30th. View Targa Resources' dividend history.

What price target have analysts set for TRGP?

20 brokerages have issued 12 month target prices for Targa Resources' shares. Their forecasts range from $12.00 to $48.00. On average, they expect Targa Resources' stock price to reach $26.47 in the next twelve months. This suggests a possible upside of 29.1% from the stock's current price. View analysts' price targets for Targa Resources.

Has Targa Resources been receiving favorable news coverage?

Media stories about TRGP stock have trended somewhat positive on Wednesday, according to InfoTrie. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Targa Resources earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned media headlines about the pipeline company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutTarga Resources.

Are investors shorting Targa Resources?

Targa Resources saw a increase in short interest in May. As of May 15th, there was short interest totaling 11,550,000 shares, an increase of 29.3% from the April 30th total of 8,930,000 shares. Based on an average daily trading volume, of 6,000,000 shares, the short-interest ratio is currently 1.9 days. Approximately 5.1% of the shares of the company are sold short. View Targa Resources' Current Options Chain.

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 following 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)

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.09%), Harvest Fund Advisors LLC (4.81%), Invesco Ltd. (3.71%), Chickasaw Capital Management LLC (3.12%), State Street Corp (2.85%) and Kayne Anderson Capital Advisors LP (2.57%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, John Richard Klein, 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 Bank of New York Mellon Corp, Clearbridge Investments LLC, RR Advisors LLC, Wellington Management Group LLP, Cohen & Steers Inc., Wells Fargo & Company MN, Invesco Ltd., and Morgan Stanley. View insider buying and selling activity for Targa Resources.

Which major investors are buying Targa Resources stock?

TRGP stock was acquired by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Parametric Portfolio Associates LLC, State Street Corp, AQR Capital Management LLC, UBS Group AG, BlackRock Inc., Balyasny Asset Management LLC, and Vident Investment Advisory 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Targa Resources' stock price today?

One share of TRGP stock can currently be purchased for approximately $20.50.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $4.78 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. 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.

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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