NYSE:TRGPTarga Resources Stock Price, Forecast & News

$7.21

+0.88 (+13.90 %)

(As of 04/6/2020 04:00 PM ET)

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Today's Range

$6.29

Now: $7.21▼

$7.83

50-Day Range

$4.11

MA: $22.33▼

$39.45

52-Week Range

$3.66

Now: $7.21▼

$43.47

Volume6.95 million shs

Average Volume4.33 million shs

Market Capitalization$1.68 billion

P/E RatioN/A

Dividend Yield57.50%

Beta2.45

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, 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 28,500 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 71 million barrels. As of December 31, 2018, the company leased and managed approximately 585 railcars; 136 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

Beat the Market (BTM) Rank^™

4.1 Analyst's Opinion

Consensus Rating
Targa Resources has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 6 buy ratings, 10 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.44, Targa Resources has a potential upside of 349.9% from its current price of $7.21.
Amount of Analyst Coverage
Targa Resources has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Targa Resources has received 620 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Targa Resources has received 577 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Targa Resources has received 51.80% “outperform” votes from our community.

MarketBeat'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.

1.7 Dividend Strength

Dividend Leadership
Targa Resources is a leading dividend payer. It pays a dividend yield of 57.50%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Targa Resources does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, Targa Resources will have a dividend payout ratio of 5,200.00 % in the coming year. This indicates that Targa Resources may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Targa Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,120,000.00 in company stock.
Percentage Held by Insiders
Only 1.86% of the stock of Targa Resources is held by insiders.
Percentage Held by Institutions
90.85% of the stock of Targa Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Targa Resources are expected to decrease by -136.84% in the coming year, from ($0.19) to $0.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Targa Resources is -5.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Targa Resources is -5.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Targa Resources has a P/B Ratio of 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.00 out of 5 stars

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

Webhttp://www.targaresources.com/

Phone713-584-1000

Debt

Debt-to-Equity Ratio0.88

Current Ratio0.89

Quick Ratio0.80

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$8.67 billion

Price / Sales0.19

Cash Flow$4.48 per share

Price / Cash Flow1.61

Book Value$36.27 per share

Price / Book0.20

Profitability

EPS (Most Recent Fiscal Year)($0.81)

Net Income$-209,200,000.00

Net Margins-2.41%

Return on Equity-0.37%

Return on Assets-0.17%

Miscellaneous

Employees2,680

Outstanding Shares233,109,000

Market Cap$1.68 billion

Next Earnings Date5/13/2020 (Estimated)

OptionableOptionable

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Targa Resources (NYSE:TRGP) Frequently Asked Questions

How has Targa Resources' stock been impacted by COVID-19 (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 stock has decreased by 50.1% and is now trading at $7.21. View which stocks have been mosted impacted by Coronavirus.

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

18 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 Wednesday, May 13th 2020. View our earnings forecast for Targa Resources.

How were Targa Resources' earnings last quarter?

Targa Resources Corp (NYSE:TRGP) posted its quarterly earnings data on Thursday, February, 20th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.21. The pipeline company earned $2.47 billion during the quarter, compared to analysts' expectations of $2.28 billion. Targa Resources had a negative return on equity of 0.37% and a negative net margin of 2.41%. View Targa Resources' earnings history.

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

Targa Resources announced a quarterly dividend on Thursday, January 16th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.91 per share on Tuesday, February 18th. This represents a $3.64 annualized dividend and a dividend yield of 50.49%. The ex-dividend date of this dividend is Thursday, January 30th. View Targa Resources' dividend history.

What price target have analysts set for TRGP?

18 Wall Street analysts have issued 12-month price targets for Targa Resources' shares. Their forecasts range from $8.00 to $50.00. On average, they anticipate Targa Resources' stock price to reach $32.44 in the next twelve months. This suggests a possible upside of 349.9% from the stock's current price. View analysts' price targets for Targa Resources.

Has Targa Resources been receiving favorable news coverage?

Headlines about TRGP stock have been trending very negative this week, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Targa Resources earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the pipeline company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutTarga Resources.

Are investors shorting Targa Resources?

Targa Resources saw a decrease in short interest in March. As of March 13th, there was short interest totaling 8,056,100 shares, a decrease of 13.4% from the February 27th total of 9,300,000 shares. Based on an average daily trading volume, of 2,610,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.5% of the company's stock are short sold. View Targa Resources' Current Options Chain.

Who are some of Targa Resources' key competitors?

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

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), Government Properties Income Trust (GOV), Esperion Therapeutics (ESPR), Enterprise Products Partners (EPD), AT&T (T), Targa Resources Partners (NGLS.PA), Kinder Morgan (KMI), New Residential Investment (NRZ), Alon USA Partners (ALDW) and Intel (INTC).

Who are Targa Resources' key executives?

Targa Resources' management team includes the following people:

Mr. Joe Bob Perkins, CEO & Director (Age 59)
Mr. Matthew J. Meloy, Pres (Age 41)
Ms. Jennifer R. Kneale, Chief Financial Officer (Age 40)
Mr. Paul W. Chung, Exec. VP, Gen. Counsel & Sec. (Age 59)
Mr. D. Scott Pryor, Pres of Logistics & Marketing (Age 56)

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 variety of retail and institutional investors. Top institutional shareholders include Chickasaw Capital Management LLC (3.12%), State of Alaska Department of Revenue (0.04%) and Birch Capital Management LLC (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.

Which major investors are buying Targa Resources stock?

TRGP stock was purchased by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, State of Alaska Department of Revenue, and Birch Capital Management 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 $7.21.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $1.68 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. View additional information about Targa Resources.

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]

This page was last updated on 4/6/2020 by MarketBeat.com Staff

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NYSE:TRGPTarga Resources Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

4.1 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage