S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NYSE:TRGP

Targa Resources Stock Forecast, Price & News

$54.47
-2.20 (-3.88%)
(As of 11/26/2021 04:00 PM ET)
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Today's Range
$52.18
$54.88
50-Day Range
$44.12
$57.83
52-Week Range
$23.33
$58.18
Volume
846,629 shs
Average Volume
1.84 million shs
Market Capitalization
$12.47 billion
P/E Ratio
41.90
Dividend Yield
0.71%
Beta
2.92
30 days | 90 days | 365 days | Advanced Chart
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Targa Resources logo

About Targa Resources

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 storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters; 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.

Headlines

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Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
87612G10
Employees
2,372
Year Founded
N/A

Sales & Book Value

Annual Sales
$8.26 billion
Cash Flow
$5.39 per share
Book Value
$23.58 per share

Profitability

Net Income
$-1.55 billion
Pretax Margin
6.25%

Debt

Price-To-Earnings

Miscellaneous

Free Float
225,102,000
Market Cap
$12.47 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
10/28/2021
Last Earnings
11/04/2021
Dividend Payable
11/15/2021
Today
11/28/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/17/2022

MarketRank

Overall MarketRank

2.64 out of 5 stars

Oils/Energy Sector

51st out of 354 stocks

Natural Gas Transmission Industry

5th out of 29 stocks

Analyst Opinion: 2.5Community Rank: 4.7Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Targa Resources (NYSE:TRGP) Frequently Asked Questions

Is Targa Resources a buy right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 1 hold rating, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Targa Resources stock.
View analyst ratings for Targa Resources
or view top-rated stocks.

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

Targa Resources' stock was trading at $14.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TRGP stock has increased by 277.0% and is now trading at $54.47.
View which stocks have been most impacted by COVID-19
.

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release its next quarterly earnings announcement on Thursday, February 17th 2022.
View our earnings forecast for Targa Resources
.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) released its earnings results on Thursday, November, 4th. The pipeline company reported $0.66 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.41 by $0.25. The pipeline company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $3.61 billion. Targa Resources had a net margin of 2.97% and a trailing twelve-month return on equity of 7.53%.
View Targa Resources' earnings history
.

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

Targa Resources declared a quarterly dividend on Thursday, October 14th. Stockholders of record on Friday, October 29th will be given a dividend of $0.10 per share on Monday, November 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, October 28th.
View Targa Resources' dividend history
.

Is Targa Resources a good dividend stock?

Targa Resources pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.71%. Targa Resources does not yet have a strong track record of dividend growth. The dividend payout ratio of Targa Resources is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Targa Resources will have a dividend payout ratio of 17.24% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.
View Targa Resources' dividend history.

What price target have analysts set for TRGP?

18 brokers have issued 1 year target prices for Targa Resources' shares. Their forecasts range from $34.00 to $69.00. On average, they expect Targa Resources' share price to reach $51.80 in the next twelve months. This suggests that the stock has a possible downside of 4.9%.
View analysts' price targets for Targa Resources
or view top-rated stocks among Wall Street analysts.

Who are Targa Resources' key executives?

Targa Resources' management team includes the following people:
  • Paul W. Chung, Chairman & General Partner
  • Matthew J. Meloy, President, Chief Executive Officer & Director
  • G. Clark White, Executive VP-Engineering & Operations
  • Jennifer R. Kneale, Chief Financial Officer
  • Regina L. Gregory, Secretary, General Counsel & Executive VP

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

22 employees have rated Targa Resources CEO Joe Bob Perkins on Glassdoor.com. Joe Bob Perkins has an approval rating of 92% among Targa Resources' 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.94%), Tortoise Capital Advisors L.L.C. (4.29%), Deutsche Bank AG (3.38%), Goldman Sachs Group Inc. (2.96%), Neuberger Berman Group LLC (2.34%) and Kayne Anderson Capital Advisors LP (2.31%). Company insiders that own Targa Resources stock include Chris Tong, G Clark White, James W Whalen, Joe Bob Perkins, Julie H Boushka, Regina Gregory and Rene R Joyce.
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 Jennison Associates LLC, Kayne Anderson Capital Advisors LP, Invesco Ltd., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Chickasaw Capital Management LLC, Morgan Stanley, Two Sigma Advisers LP, and BlackRock Inc.. Company insiders that have sold Targa Resources company stock in the last year include Chris Tong, G Clark White, James W Whalen, Joe Bob Perkins, Julie H Boushka, Regina Gregory, and Rene R Joyce.
View insider buying and selling activity for Targa Resources
or view top insider-selling stocks.

Which institutional investors are buying Targa Resources stock?

TRGP stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Strs Ohio, Wellington Management Group LLP, American Century Companies Inc., Hudson Bay Capital Management LP, Goldman Sachs Group Inc., Verition Fund Management LLC, and Pacer Advisors Inc..
View insider buying and selling activity for Targa Resources
or or view top insider-buying stocks.

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 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 $54.47.

How much money does Targa Resources make?

Targa Resources has a market capitalization of $12.47 billion and generates $8.26 billion in revenue each year. The pipeline company earns $-1.55 billion in net income (profit) each year or $1.30 on an earnings per share basis.

How many employees does Targa Resources have?

Targa Resources employs 2,372 workers across the globe.

What is Targa Resources' official website?

The official website for Targa Resources is www.targaresources.com.

Where are Targa Resources' headquarters?

How can I contact Targa Resources?

Targa Resources' mailing address is TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002. The pipeline company can be reached via phone at (713) 584-1000, via email at [email protected], or via fax at 713-584-1100.


This page was last updated on 11/28/2021 by MarketBeat.com Staff

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