NYSE:TRGP - Targa Resources Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $42.01 +0.43 (+1.03 %) (As of 03/22/2019 07:18 AM ET)Previous Close$41.58Today's Range$41.31 - $42.1552-Week Range$33.55 - $59.21Volume2.05 million shsAverage Volume2.40 million shsMarket Capitalization$9.75 billionP/E Ratio210.05Dividend Yield8.75%Beta2.04 ProfileDiscussionAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive TRGP News and Ratings via Email Sign-up to receive the latest news and ratings for TRGP and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NYSE Industry Natural gas transmission Sub-IndustryOil & Gas Storage & Transportation SectorOils/Energy Current SymbolNYSE:TRGP Previous Symbol CUSIP87612G10 CIK1389170 Webwww.targaresources.com Phone713-584-1000Debt Debt-to-Equity Ratio0.75 Current Ratio0.51 Quick Ratio0.45Price-To-Earnings Trailing P/E Ratio210.05 Forward P/E Ratio1,400.33 P/E Growth390.88 Sales & Book Value Annual Sales$10.48 billion Price / Sales0.93 Cash Flow$5.3043 per share Price / Cash Flow7.92 Book Value$32.58 per share Price / Book1.29Profitability EPS (Most Recent Fiscal Year)$0.20 Net Income$1.60 million Net Margins0.02% Return on Equity2.32% Return on Assets1.05%Miscellaneous Employees2,460 Outstanding Shares232,140,000Market Cap$9.75 billion Next Earnings Date5/2/2019 (Estimated) OptionableOptionable 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 Thursday, January 17th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.91 per share on Friday, February 15th. This represents a $3.64 annualized dividend and a yield of 8.66%. The ex-dividend date of this dividend is Wednesday, January 30th. View Targa Resources' Dividend History. How were Targa Resources' earnings last quarter? Targa Resources Corp (NYSE:TRGP) issued its earnings results on Thursday, May, 3rd. The pipeline company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.02) by $0.01. The pipeline company earned $2.46 billion during the quarter, compared to analysts' expectations of $2.70 billion. Targa Resources had a return on equity of 2.32% and a net margin of 0.02%. 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, May 2nd 2019. View Earnings Estimates for Targa Resources. What price target have analysts set for TRGP? 20 brokers have issued 1-year target prices for Targa Resources' shares. Their forecasts range from $46.00 to $66.00. On average, they expect Targa Resources' share price to reach $55.55 in the next twelve months. This suggests a possible upside of 32.2% from the stock's current price. View Analyst Price Targets for Targa Resources. What is the consensus analysts' recommendation for Targa Resources? 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 6 hold ratings, 13 buy ratings and 1 strong buy rating 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 articles about TRGP stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Targa Resources earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the pipeline company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. Who are some of Targa Resources' key competitors? Some companies that are related to Targa Resources include Williams Companies (WMB), Energy Transfer LP Unit (ET), Spectra Energy Partners (SEP), Western Midstream Partners (WES), Western Gas Equity Partners (WGP), Tallgrass Energy (TGE), Enable Midstream Partners (ENBL), EQGP (EQGP), EnLink Midstream (ENLC), EQM Midstream Partners (EQM), DCP Midstream (DCP), EnLink Midstream Partners (ENLK), TC Pipelines (TCP), Antero Midstream Partners (AM) and Transportadora de Gas del Sur (TGS). What other stocks do shareholders of Targa Resources own? Based on aggregate information from My MarketBeat watchlists, some companies that other Targa Resources investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), Intel (INTC), Blackstone Group (BX), Kinder Morgan (KMI), Verizon Communications (VZ), Cisco Systems (CSCO), Targa Resources Partners (NGLS) and Pfizer (PFE). 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)Mr. D. Scott Pryor, Pres of Logistics & Marketing (Age 56)Mr. Robert M. Muraro, Chief Commercial Officer (Age 42)Mr. Patrick J. McDonie, Pres of Gathering & Processing (Age 58) Who are Targa Resources' major shareholders? Targa Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.76%), Harvest Fund Advisors LLC (5.61%), Tortoise Capital Advisors L.L.C. (4.23%), Kayne Anderson Capital Advisors LP (3.50%), Chickasaw Capital Management LLC (2.78%) and Bank of New York Mellon Corp (2.17%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, Dan C Middlebrooks, Jeffrey J Mcparland and John Richard Klein. View Institutional Ownership Trends for Targa Resources. Which institutional investors are selling Targa Resources stock? TRGP stock was sold by a variety of institutional investors in the last quarter, including Zimmer Partners LP, Jennison Associates LLC, HITE Hedge Asset Management LLC, Eagle Global Advisors LLC, Chickasaw Capital Management LLC, M&T Bank Corp, Harvest Fund Advisors LLC and Massachusetts Financial Services Co. MA. 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 institutional investors are buying Targa Resources stock? TRGP stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Tortoise Capital Advisors L.L.C., RR Advisors LLC, CIBC Private Wealth Group LLC, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Yaupon Capital Management LP and Geode Capital Management 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 $42.01. How big of a company is Targa Resources? Targa Resources has a market capitalization of $9.75 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. 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 STREET 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 ( )Outperform Votes: 520 (Vote Outperform)Underperform Votes: 472 (Vote Underperform)Total Votes: 992MarketBeat'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 3/22/2019 by MarketBeat.com StaffFeatured Article: What is the Gross Domestic Product (GDP)?