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NYSE:TRGP

Targa Resources Stock Forecast, Price & News

$16.02
-0.53 (-3.20 %)
(As of 10/19/2020 12:00 AM ET)
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Compare
Today's Range
$15.99
Now: $16.02
$16.77
50-Day Range
$13.58
MA: $15.70
$17.77
52-Week Range
$3.66
Now: $16.02
$42.13
Volume2.23 million shs
Average Volume3.96 million shs
Market Capitalization$3.73 billion
P/E RatioN/A
Dividend Yield2.42%
Beta2.98
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; 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 28,900 miles of natural gas pipelines, including 46 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 72 million barrels. As of December 31, 2019, the company leased and managed approximately 698 railcars; 138 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: 4.3Community Rank: 2.6Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.87 out of 5 stars

Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryOil & Gas Storage & Transportation
CUSIP87612G10
Phone713-584-1000
Employees2,680

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.67 billion
Cash Flow$4.29 per share
Book Value$36.27 per share

Profitability

Net Income$-209,200,000.00

Miscellaneous

Market Cap$3.73 billion
Next Earnings Date11/5/2020 (Confirmed)
OptionableOptionable
$16.02
-0.53 (-3.20 %)
(As of 10/19/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Targa Resources (NYSE:TRGP) Frequently Asked Questions

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

Targa Resources' stock was trading at $14.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TRGP shares have increased by 10.9% and is now trading at $16.02.
View which stocks have been most impacted by COVID-19
.

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

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 9 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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, November 5th 2020.
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, November 5th 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) released its quarterly earnings data on Thursday, August, 6th. The pipeline company reported $0.21 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.14) by $0.35. The pipeline company earned $1.52 billion during the quarter, compared to the consensus estimate of $1.63 billion. Targa Resources had a negative net margin of 22.86% and a positive return on equity of 3.89%.
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 15th. Shareholders of record on Friday, October 30th will be given a dividend of $0.10 per share on Monday, November 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%.
View Targa Resources' dividend history
.

What price target have analysts set for TRGP?

19 equities research analysts have issued twelve-month price objectives for Targa Resources' stock. Their forecasts range from $13.00 to $43.00. On average, they anticipate Targa Resources' stock price to reach $24.53 in the next year. This suggests a possible upside of 53.1% from the stock's current price.
View analysts' price targets for Targa Resources
.

Are investors shorting Targa Resources?

Targa Resources saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,530,000 shares, an increase of 20.5% from the August 31st total of 3,760,000 shares. Based on an average daily volume of 2,580,000 shares, the short-interest ratio is currently 1.8 days. Approximately 2.0% of the shares of the stock are short sold.
View Targa Resources' Short Interest
.

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, Exec. Chairman (Age 60, Pay $915.38k)
  • Mr. Matthew J. Meloy, CEO & Director (Age 42, Pay $2.53M)
  • Ms. Jennifer R. Kneale, Chief Financial Officer (Age 41, Pay $1.05M)
  • Mr. D. Scott Pryor, Pres of Logistics & Transportation (Age 57, Pay $1.32M)
  • Mr. Patrick J. McDonie, Pres of Gathering & Processing (Age 59, Pay $1.32M)

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 many different retail and institutional investors. Top institutional shareholders include Chickasaw Capital Management LLC (3.28%), Redpoint Investment Management Pty Ltd (0.04%), Envestnet Asset Management Inc. (0.03%), Gilman Hill Asset Management LLC (0.03%), Avantax Advisory Services Inc. (0.02%) and Global Retirement Partners LLC (0.02%). Company insiders that own Targa Resources stock include Chris Tong, Rene R Joyce and Robert B Evans.
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 Chickasaw Capital Management LLC, Envestnet Asset Management Inc., Gilman Hill Asset Management LLC, Hodges Capital Management Inc., Sanders Morris Harris LLC, and Global Retirement Partners LLC.
View insider buying and selling activity for Targa Resources
.

Which institutional investors are buying Targa Resources stock?

TRGP stock was acquired by a variety of institutional investors in the last quarter, including Avantax Advisory Services Inc., Redpoint Investment Management Pty Ltd, CX Institutional, Nachman Norwood & Parrott Inc, Pacer Advisors Inc., and SL Advisors 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 $16.02.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $3.73 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 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 10/19/2020 by MarketBeat.com Staff

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