Targa Resources Stock Forecast, Price & News

-1.53 (-4.64 %)
(As of 04/20/2021 12:51 PM ET)
Today's Range
Now: $31.45
50-Day Range
MA: $32.61
52-Week Range
Now: $31.45
Volume33,726 shs
Average Volume1.80 million shs
Market Capitalization$7.19 billion
P/E RatioN/A
Dividend Yield1.20%
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 Transportation. 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; and gathering, purchasing, storing, terminaling, and selling crude oil. 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 28,700 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 75 million barrels. As of December 31, 2020, the company leased and managed approximately 694 railcars; 124 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Targa Resources logo

Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryOil & Gas Storage & Transportation
Year FoundedN/A



Sales & Book Value

Annual Sales$8.67 billion
Cash Flow$4.04 per share
Book Value$36.27 per share


Net Income$-209,200,000.00


Market Cap$7.19 billion
Next Earnings Date5/6/2021 (Confirmed)


TRGP Jan 2022 18.000 call
April 20, 2021 |  au.finance.yahoo.com
TRGP Jan 2022 47.000 call
April 18, 2021 |  au.finance.yahoo.com
Targa Resources Corp. (NYSE:TRGP) Short Interest Update
April 17, 2021 |  americanbankingnews.com
Targa Resources (NYSE:TRGP) PT Raised to $42.00
April 15, 2021 |  americanbankingnews.com
Is TRGP Stock A Buy or Sell?
April 14, 2021 |  finance.yahoo.com
Targa Resources (NYSE:TRGP) Upgraded at Wolfe Research
April 14, 2021 |  americanbankingnews.com
Targa Resources Stock Appears To Be Fairly Valued
March 30, 2021 |  finance.yahoo.com
TRGP Apr 2021 15.000 put
March 22, 2021 |  ca.finance.yahoo.com
TRGP Apr 2021 15.000 call
March 22, 2021 |  ca.finance.yahoo.com
TRGP Apr 2021 20.000 put
March 22, 2021 |  ca.finance.yahoo.com
See More Headlines


Overall MarketRank

1.64 out of 5 stars

Oils/Energy Sector

95th out of 667 stocks

Natural Gas Transmission Industry

11th out of 36 stocks

Analyst Opinion: 2.5Community Rank: 2.6Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
-1.53 (-4.64 %)
(As of 04/20/2021 12:51 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Targa Resources (NYSE:TRGP) Frequently Asked Questions

Is Targa Resources a buy right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 3 hold ratings, 17 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.

What stocks does MarketBeat like better than Targa Resources?

Wall Street analysts have given Targa Resources a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Targa Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Targa Resources?

Targa Resources saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,640,000 shares, a decrease of 29.2% from the March 15th total of 3,730,000 shares. Based on an average daily volume of 1,800,000 shares, the short-interest ratio is currently 1.5 days. Currently, 1.2% of the shares of the stock are sold short.
View Targa Resources' Short Interest

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Targa Resources

How can I listen to Targa Resources' earnings call?

Targa Resources will be holding an earnings conference call on Thursday, May 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) issued its quarterly earnings results on Thursday, February, 18th. The pipeline company reported ($0.04) EPS for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.27. The pipeline company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.29 billion. Targa Resources had a positive trailing twelve-month return on equity of 5.97% and a negative net margin of 20.83%.
View Targa Resources' earnings history

How has Targa Resources' stock been impacted by Coronavirus?

Targa Resources' stock was trading at $14.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TRGP shares have increased by 119.2% and is now trading at $31.67.
View which stocks have been most impacted by COVID-19

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

Targa Resources announced a quarterly dividend on Thursday, April 15th. Investors of record on Friday, April 30th will be given a dividend of $0.10 per share on Friday, May 14th. This represents a $0.40 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, April 29th.
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 1.20%.
View Targa Resources' dividend history.

What price target have analysts set for TRGP?

21 equities research analysts have issued 12 month target prices for Targa Resources' stock. Their forecasts range from $19.00 to $49.00. On average, they anticipate Targa Resources' stock price to reach $33.78 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
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:
  • Mr. Matthew J. Meloy, CEO & Director (Age 43, Pay $2.53M)
  • Ms. Jennifer R. Kneale, Chief Financial Officer (Age 42, Pay $1.05M)
  • Mr. D. Scott Pryor, Pres of Logistics & Transportation (Age 58, Pay $1.32M)
  • Mr. Patrick J. McDonie, Pres of Gathering & Processing (Age 60, Pay $1.32M)
  • Mr. Robert M. Muraro, Chief Commercial Officer (Age 44, Pay $1.32M)
  • Mr. G. Clark White, Exec. VP of Operations (Age 61)
  • Ms. Julie H. Boushka, Sr. VP & Chief Accounting Officer (Age 58)
  • Mr. Sanjay Lad, VP of Fin. & Investor Relations
  • Ms. Regina L. Gregory, Exec. VP, Gen. Counsel & Sec. (Age 50)

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.

Who are some of Targa Resources' key competitors?

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 Chickasaw Capital Management LLC (2.18%), Miller Howard Investments Inc. NY (0.19%), Redpoint Investment Management Pty Ltd (0.02%), Gilman Hill Asset Management LLC (0.01%), Global Retirement Partners LLC (0.01%) and Penbrook Management LLC (0.01%). Company insiders that own Targa Resources stock include James W Whalen, Joe Bob Perkins, 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 Chickasaw Capital Management LLC, Miller Howard Investments Inc. NY, Gilman Hill Asset Management LLC, Redpoint Investment Management Pty Ltd, Hodges Capital Management Inc., Global Retirement Partners LLC, Penbrook Management LLC, and Sanders Morris Harris LLC. Company insiders that have sold Targa Resources company stock in the last year include James W Whalen, Joe Bob Perkins, and Rene R Joyce.
View insider buying and selling activity for Targa Resources
or view top insider-selling stocks.

Which major investors are buying Targa Resources stock?

TRGP stock was purchased by a variety of institutional investors in the last quarter, including WealthTrust Axiom LLC, Spirit of America Management Corp NY, State of Alaska Department of Revenue, 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 $31.67.

How much money does Targa Resources make?

Targa Resources has a market capitalization of $7.24 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.

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?

Targa Resources is headquartered at TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002.

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 or via email at [email protected]

This page was last updated on 4/20/2021 by MarketBeat.com Staff
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