NYSE:TRGPTarga Resources Stock Price, Forecast & News

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 21.3% and is now trading at $17.53. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 2 sell ratings, 10 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Targa Resources.

Targa Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Targa Resources.

Targa Resources Corp (NYSE:TRGP) posted its earnings results on Thursday, May, 7th. The pipeline company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.78. The pipeline company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.24 billion. Targa Resources had a negative net margin of 22.66% and a positive return on equity of 2.45%. View Targa Resources' earnings history.

Targa Resources announced a quarterly dividend on Monday, April 20th. Investors of record on Friday, May 1st will be paid a dividend of $0.10 per share on Friday, May 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, April 30th. View Targa Resources' dividend history.

20 brokerages have issued 1-year price objectives for Targa Resources' shares. Their forecasts range from $13.00 to $48.00. On average, they expect Targa Resources' stock price to reach $27.29 in the next twelve months. This suggests a possible upside of 55.7% from the stock's current price. View analysts' price targets for Targa Resources.

News headlines about TRGP stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Targa Resources earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned media coverage about the pipeline company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Targa Resources.

Targa Resources saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,900,000 shares, a decline of 10.7% from the June 15th total of 6,610,000 shares. Based on an average daily volume of 5,850,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.6% of the company's shares are sold short. View Targa Resources' Current Options Chain.

Some companies that are related to Targa Resources include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Frontline (FRO), Ship Finance International (SFL), Scorpio Tankers (STNG), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay Tankers (TNK), Teekay (TK) and GasLog (GLOG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Targa Resources investors own include Energy Transfer LP Unit (ET), Government Properties Income Trust (GOV), Esperion Therapeutics (ESPR), Enterprise Products Partners (EPD), AT&T (T), Targa Resources Partners (NGLS.PA), Kinder Morgan (KMI), Alon USA Partners (ALDW), New Residential Investment (NRZ) and Intel (INTC).

Targa Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRGP."

Targa Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.09%), Global Retirement Partners LLC (0.02%), SL Advisors LLC (0.01%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Spirit of America Management Corp NY (0.00%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, John Richard Klein, Rene R Joyce and Robert B Evans. View institutional ownership trends for Targa Resources.

TRGP stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, SL Advisors LLC, and Global Retirement Partners LLC. View insider buying and selling activity for Targa Resources.

TRGP stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Nelson Van Denburg & Campbell Wealth Management Group 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.

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.

One share of TRGP stock can currently be purchased for approximately $17.53.

Targa Resources has a market capitalization of $4.09 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.

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

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]