NYSE:TRGP - Targa Resources Stock Price, Forecast & News

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

Targa Resources declared a quarterly dividend on Thursday, January 16th. Shareholders of record on Friday, January 31st will be given a dividend of $0.91 per share on Tuesday, February 18th. This represents a $3.64 annualized dividend and a dividend yield of 9.25%. The ex-dividend date of this dividend is Thursday, January 30th. View Targa Resources' Dividend History.

Targa Resources Corp (NYSE:TRGP) announced its earnings results on Thursday, November, 7th. The pipeline company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.12. The pipeline company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.25 billion. Targa Resources had a negative return on equity of 0.45% and a negative net margin of 2.31%. View Targa Resources' Earnings History.

Targa Resources is scheduled to release their next quarterly earnings announcement on Friday, March 6th 2020. View Earnings Estimates for Targa Resources.

18 brokers have issued 1 year price targets for Targa Resources' shares. Their forecasts range from $36.00 to $54.00. On average, they expect Targa Resources' stock price to reach $45.32 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Targa Resources.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 1 sell rating, 8 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Targa Resources.

News coverage about TRGP stock has trended neutral recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Targa Resources earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned headlines about the pipeline company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the near future. View News Stories for Targa Resources.

Targa Resources saw a drop in short interest in December. As of December 31st, there was short interest totalling 12,290,000 shares, a drop of 14.9% from the December 15th total of 14,440,000 shares. Based on an average trading volume of 1,950,000 shares, the days-to-cover ratio is currently 6.3 days. Approximately 5.4% of the shares of the company 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), Scorpio Tankers (STNG), Ship Finance International (SFL), Golar LNG (GLNG), SemGroup (SEMG), Golden Ocean Group (GOGL), Teekay Tankers (TNK), GasLog (GLOG), Nordic American Tanker (NAT) and Teekay (TK).

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), Penn Virginia (PVAHQ) and Phillips 66 (PSX).

Targa Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (2.54%), Artemis Investment Management LLP (0.15%), Advisors Capital Management LLC (0.13%), Spirit of America Management Corp NY (0.09%), Gilman Hill Asset Management LLC (0.05%) and Tocqueville Asset Management L.P. (0.05%). Company insiders that own Targa Resources stock include Charles R Crisp, Chris Tong, John Richard Klein 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 Chickasaw Capital Management LLC, Artemis Investment Management LLP, Walnut Private Equity Partners LLC, Gateway Investment Advisers LLC, Janney Montgomery Scott LLC, Tocqueville Asset Management L.P., State of Alaska Department of Revenue and Spirit of America Management Corp NY. View Insider Buying and Selling for Targa Resources.

TRGP stock was purchased by a variety of institutional investors in the last quarter, including Advisors Capital Management LLC, Sciencast Management LP, Bristlecone Advisors LLC, Gilman Hill Asset Management LLC, Three Peaks Capital Management LLC, Sanders Morris Harris LLC, DNB Asset Management AS and Penbrook 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 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 $39.35.

Targa Resources has a market capitalization of $9.16 billion and generates $10.48 billion in revenue each year. The pipeline company earns $1.60 million in net income (profit) each year or $0.20 on an earnings per share basis. Targa Resources employs 2,460 workers across the globe.View Additional Information About Targa Resources.

The official website for Targa Resources is http://www.targaresources.com/.

Targa Resources' mailing address is 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]