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NYSE:TRGP

Targa Resources - TRGP Stock Forecast, Price & News

$75.17
+0.57 (+0.76%)
(As of 02/8/2023 05:19 PM ET)
Add
Compare
Today's Range
$74.13
$75.44
50-Day Range
$68.27
$76.05
52-Week Range
$55.56
$81.50
Volume
1.37 million shs
Average Volume
1.37 million shs
Market Capitalization
$17.02 billion
P/E Ratio
70.92
Dividend Yield
1.93%
Price Target
$91.82

Targa Resources MarketRank™ Forecast

Analyst Rating
Buy
3.08 Rating Score
Upside/​Downside
26.1% Upside
$94.80 Price Target
Short Interest
Healthy
2.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.39
Upright™ Environmental Score
News Sentiment
-0.13mentions of Targa Resources in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$530,185 Sold Last Quarter
Proj. Earnings Growth
37.64%
From $4.33 to $5.96 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Oils/Energy Sector

74th out of 236 stocks

Natural Gas Transmission Industry

6th out of 18 stocks

TRGP stock logo

About Targa Resources (NYSE:TRGP) Stock

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The 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 NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005, and is headquartered in Houston, TX.

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TRGP Stock News Headlines

Targa Resources (NYSE:TRGP) Sees Large Volume Increase
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Analyst Expectations for Targa Resources's Future
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TRGP Company Calendar

Last Earnings
5/06/2021
Ex-Dividend for 11/15 Dividend
10/28/2022
Dividend Payable
11/15/2022
Ex-Dividend for 2/15 Dividend
1/30/2023
Today
2/08/2023
Dividend Payable
2/15/2023
Next Earnings (Confirmed)
2/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
87612G10
Employees
2,430
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$94.80
High Stock Price Forecast
$108.00
Low Stock Price Forecast
$83.00
Forecasted Upside/Downside
+22.1%
Consensus Rating
Buy
Rating Score (0-4)
3.08
Research Coverage
11 Analysts

Profitability

Net Income
$71.20 million
Pretax Margin
4.58%

Debt

Sales & Book Value

Annual Sales
$16.95 billion
Cash Flow
$6.36 per share
Book Value
$22.62 per share

Miscellaneous

Free Float
223,885,000
Market Cap
$17.02 billion
Optionable
Optionable
Beta
2.30

Key Executives

  • Paul W. Chung
    Chairman & General Partner
  • Matthew J. Meloy
    President, Chief Executive Officer & Director
  • G. Clark WhiteG. Clark White
    Executive VP-Engineering & Operations
  • Jennifer R. Kneale
    Chief Financial Officer
  • Regina L. Gregory
    Secretary, General Counsel & Executive VP













TRGP Stock - Frequently Asked Questions

Should I buy or sell Targa Resources stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TRGP shares.
View TRGP analyst ratings
or view top-rated stocks.

What is Targa Resources' stock price forecast for 2023?

11 analysts have issued 12 month target prices for Targa Resources' shares. Their TRGP share price forecasts range from $83.00 to $108.00. On average, they predict the company's share price to reach $94.80 in the next year. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for TRGP
or view top-rated stocks among Wall Street analysts.

How have TRGP shares performed in 2023?

Targa Resources' stock was trading at $73.50 at the beginning of 2023. Since then, TRGP stock has increased by 2.3% and is now trading at $75.17.
View the best growth stocks for 2023 here
.

When is Targa Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our TRGP earnings forecast
.

How can I listen to Targa Resources' earnings call?

Targa Resources will be holding an earnings conference call on Wednesday, February 22nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) issued its quarterly earnings results on Thursday, May, 6th. The pipeline company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.38. The pipeline company earned $3.63 billion during the quarter, compared to analyst estimates of $2.62 billion. Targa Resources had a trailing twelve-month return on equity of 21.02% and a net margin of 2.34%.

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

Targa Resources declared a quarterly dividend on Thursday, January 19th. Investors of record on Tuesday, January 31st will be given a dividend of $0.35 per share on Wednesday, February 15th. This represents a $1.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, January 30th.
Read our dividend analysis for TRGP
.

Is Targa Resources a good dividend stock?

Targa Resources (NYSE:TRGP) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.93%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 132.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TRGP will have a dividend payout ratio of 23.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRGP.

What is Joe Bob Perkins' approval rating as Targa Resources' CEO?

22 employees have rated Targa Resources Chief Executive Officer Joe Bob Perkins on Glassdoor.com. Joe Bob Perkins has an approval rating of 92% among the company's employees. This puts Joe Bob Perkins in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 variety of retail and institutional investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (1.76%), Chickasaw Capital Management LLC (1.31%), Los Angeles Capital Management LLC (0.45%), Swiss National Bank (0.39%), Russell Investments Group Ltd. (0.38%) and Eagle Global Advisors LLC (0.33%). Insiders that own company stock include Chris Tong, D Scott Pryor, G Clark White, James W Whalen, Joe Bob Perkins, Julie H Boushka, Paul W Chung, Regina Gregory, Rene R Joyce and Robert Muraro.
View institutional ownership trends
.

How do I buy shares of Targa Resources?

Shares of TRGP stock 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 $75.17.

How much money does Targa Resources make?

Targa Resources (NYSE:TRGP) has a market capitalization of $17.02 billion and generates $16.95 billion in revenue each year. The pipeline company earns $71.20 million in net income (profit) each year or $1.06 on an earnings per share basis.

How many employees does Targa Resources have?

The company employs 2,430 workers across the globe.

How can I contact Targa Resources?

Targa Resources' mailing address is TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002. The official website for the company is www.targaresources.com. The pipeline company can be reached via phone at (713) 584-1000, via email at investorrelations@targaresources.com, or via fax at 713-584-1100.

This page (NYSE:TRGP) was last updated on 2/8/2023 by MarketBeat.com Staff