Top-Rated Stocks NYSE:TRGP Targa Resources - TRGP Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Targa Resources Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $76.05 +0.74 (+0.98%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$74.57▼$76.3150-Day Range$68.27▼$76.0552-Week Range$55.56▼$81.50Volume1.20 million shsAverage Volume1.22 million shsMarket Capitalization$17.22 billionP/E Ratio71.75Dividend Yield1.86%Price Target$91.64 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Targa Resources MarketRank™ ForecastAnalyst RatingBuy3.08 Rating ScoreUpside/Downside20.5% Upside$91.64 Price TargetShort InterestHealthy2.08% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-7.39Upright™ Environmental ScoreNews Sentiment1.45Based on 6 Articles This WeekInsider TradingSelling Shares$4.76 M Sold Last QuarterProj. Earnings Growth32.97%From $4.55 to $6.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.34 out of 5 starsOils/Energy Sector90th out of 245 stocksNatural Gas Transmission Industry4th out of 20 stocks 2.5 Analyst's Opinion Consensus RatingTarga Resources has received a consensus rating of Buy. The company's average rating score is 3.08, and is based on 11 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $91.64, Targa Resources has a forecasted upside of 20.5% from its current price of $76.05.Amount of Analyst CoverageTarga Resources has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.08% of the float of Targa Resources has been sold short.Short Interest Ratio / Days to CoverTarga Resources has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Targa Resources has recently increased by 2.90%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldTarga Resources pays a meaningful dividend of 1.86%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTarga Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Targa Resources is 132.08%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Targa Resources will have a dividend payout ratio of 23.14% next year. This indicates that Targa Resources will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTarga Resources has received a -98.19% net impact score from Upright. The largest negative impact of Targa Resources in category "GHG emissions" seems to be driven mostly by its "LNG pipes", "Natural gas pipes", and "LNG terminals" products. See details.Environmental SustainabilityThe Environmental Impact score for Targa Resources is -7.39. Previous Next 3.6 News and Social Media Coverage News SentimentTarga Resources has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Targa Resources this week, compared to 3 articles on an average week.Search Interest13 people have searched for TRGP on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $4,758,381.00 in company stock.Percentage Held by InsidersOnly 1.10% of the stock of Targa Resources is held by insiders.Percentage Held by Institutions88.29% of the stock of Targa Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Targa Resources are expected to grow by 32.97% in the coming year, from $4.55 to $6.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Targa Resources is 71.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.74.Price to Earnings Ratio vs. SectorThe P/E ratio of Targa Resources is 71.75, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 47.44.Price to Book Value per Share RatioTarga Resources has a P/B Ratio of 3.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Targa Resources (NYSE:TRGP) StockTarga Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005, and is headquartered in Houston, TX.Read More Receive TRGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address TRGP Stock News HeadlinesJanuary 25, 2023 | finance.yahoo.comTime to Buy these Top-Rated Growth Stocks at a Discount?January 25, 2023 | finance.yahoo.com3 Reasons Why Growth Investors Shouldn't Overlook Targa Resources, Inc. (TRGP)January 27, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.January 25, 2023 | finance.yahoo.comOnly Four Days Left To Cash In On Targa Resources' (NYSE:TRGP) DividendJanuary 19, 2023 | finance.yahoo.comTarga Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2022 Earnings WebcastJanuary 16, 2023 | 247wallst.comThese Were The Five Best And Worst Performing Energy Stocks In December 2022January 9, 2023 | finance.yahoo.comTarga Resources Corp. Completes Acquisition of 25% Interest in Grand Prix NGL PipelineJanuary 9, 2023 | finance.yahoo.comTarga (TRGP) to Purchase Grand Prix Pipeline Stake for $1BJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 9, 2023 | seekingalpha.comTarga Resources: Low Yield But Still Worth ConsiderationJanuary 4, 2023 | finance.yahoo.comTarga plans $1.75B debt raise to fund Grand Prix pipeline buyout dealJanuary 3, 2023 | finance.yahoo.comTarga buying out Blackstone's stake in pipeline system with $1.05B dealJanuary 3, 2023 | finance.yahoo.comTarga Resources Corp. Prices $1.75 Billion Offering of Senior NotesJanuary 3, 2023 | msn.comTarga Resources to Acquire Remaining Stake in Pipeline From Blackstone in $1.05 Billion DealJanuary 3, 2023 | marketwatch.comTarga Resources to Buy Blackstone's Stake in PipelineJanuary 3, 2023 | finance.yahoo.comTarga Resources Corp. to Acquire Blackstone Energy Partners’ 25% Interest in Grand Prix NGL Pipeline for $1.05 BillionDecember 6, 2022 | finance.yahoo.comTarga Resources Corp. to Participate in Capital One Securities 17th Annual Energy ConferenceNovember 30, 2022 | finance.yahoo.comThose who invested in Targa Resources (NYSE:TRGP) three years ago are up 113%November 14, 2022 | finance.yahoo.comTarga Resources Corp. to Participate in RBC Capital Markets Midstream and Energy Infrastructure ConferenceNovember 14, 2022 | finance.yahoo.comTarga (TRGP) Stock Rises 4% Despite Q3 Earnings & Sales LagNovember 9, 2022 | finance.yahoo.comTarga Resources Third Quarter 2022 Earnings: EPS: US$0.85 (vs US$0.70 in 3Q 2021)November 4, 2022 | seekingalpha.comTarga Resources: With Solid Q3 Results, This Company May Be Worth ConsideringNovember 3, 2022 | seekingalpha.comTarga Resources tops Q3 EBITDA estimates, plans $650M Permian NGL pipelineNovember 3, 2022 | finance.yahoo.comTarga Resources Corp. Reports Third Quarter 2022 Financial ResultsNovember 1, 2022 | finance.yahoo.comMorgan Stanley Says Fed Pivot Could Change Tide for Stocks; Here Are 2 ‘Strong Buys’ to ConsiderOctober 31, 2022 | finance.yahoo.comWhy Fast-paced Mover Targa Resources, Inc. (TRGP) Is a Great Choice for Value InvestorsOctober 20, 2022 | seekingalpha.comTRGP Targa Resources Corp.See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TRGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address TRGP Company Calendar Ex-Dividend for 11/15 Dividend10/28/2022Last Earnings11/03/2022Dividend Payable11/15/2022Today1/27/2023Ex-Dividend for 2/15 Dividend1/30/2023Dividend Payable2/15/2023Next Earnings (Confirmed)2/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Natural gas transmission Sub-IndustryOil & Gas Storage & Transportation SectorOils/Energy Current SymbolNYSE:TRGP CUSIP87612G10 CIK1389170 Webwww.targaresources.com Phone(713) 584-1000Fax713-584-1100Employees2,430Year FoundedN/APrice Target and Rating Average Stock Price Forecast$91.64 High Stock Price Forecast$108.00 Low Stock Price Forecast$62.00 Forecasted Upside/Downside+20.5%Consensus RatingBuy Rating Score (0-4)3.08 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.06 Trailing P/E Ratio71.75 Forward P/E Ratio16.71 P/E GrowthN/ANet Income$71.20 million Net Margins2.34% Pretax Margin4.58% Return on Equity21.02% Return on Assets5.91% Debt Debt-to-Equity Ratio2.20 Current Ratio0.74 Quick Ratio0.60 Sales & Book Value Annual Sales$16.95 billion Price / Sales1.02 Cash Flow$6.19 per share Price / Cash Flow12.28 Book Value$22.62 per share Price / Book3.36Miscellaneous Outstanding Shares226,380,000Free Float223,885,000Market Cap$17.22 billion OptionableOptionable Beta2.30 Key ExecutivesPaul W. ChungChairman & General PartnerMatthew J. MeloyPresident, Chief Executive Officer & DirectorG. Clark WhiteExecutive VP-Engineering & OperationsJennifer R. KnealeChief Financial OfficerRegina L. GregorySecretary, General Counsel & Executive VPKey CompetitorsWilliams CompaniesNYSE:WMBKinder MorganNYSE:KMIWestern Midstream PartnersNYSE:WESDCP MidstreamNYSE:DCPEnLink MidstreamNYSE:ENLCView All CompetitorsInsiders & InstitutionsRBA Wealth Management LLCBought 2,642 shares on 1/26/2023Ownership: 0.010%Inspire Investing LLCSold 192 shares on 1/26/2023Ownership: 0.002%Next Level Private LLCBought 2,942 shares on 1/26/2023Ownership: 0.001%Strategic Blueprint LLCBought 2,818 shares on 1/26/2023Ownership: 0.001%Dupont Capital Management CorpSold 922 shares on 1/26/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions TRGP Stock - Frequently Asked Questions Should I buy or sell Targa Resources stock right now? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TRGP shares. View TRGP analyst ratings or view top-rated stocks. What is Targa Resources' stock price forecast for 2023? 12 Wall Street analysts have issued 12 month price targets for Targa Resources' stock. Their TRGP share price forecasts range from $62.00 to $108.00. On average, they anticipate the company's stock price to reach $91.64 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price. View analysts price targets for TRGP or view top-rated stocks among Wall Street analysts. How have TRGP shares performed in 2023? Targa Resources' stock was trading at $73.50 at the beginning of the year. Since then, TRGP shares have increased by 3.5% and is now trading at $76.05. View the best growth stocks for 2023 here. When is Targa Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023. View our TRGP earnings forecast. How can I listen to Targa Resources' earnings call? Targa Resources will be holding an earnings conference call on Wednesday, February 22nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Targa Resources' earnings last quarter? Targa Resources Corp. (NYSE:TRGP) released its quarterly earnings data on Thursday, November, 3rd. The pipeline company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.39. The pipeline company earned $5.36 billion during the quarter, compared to analyst estimates of $6.96 billion. Targa Resources had a trailing twelve-month return on equity of 21.02% and a net margin of 2.34%. How often does Targa Resources pay dividends? What is the dividend yield for Targa Resources? Targa Resources announced a quarterly dividend on Thursday, January 19th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.35 per share on Wednesday, February 15th. This represents a $1.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, January 30th. Read our dividend analysis for TRGP. Is Targa Resources a good dividend stock? Targa Resources (NYSE:TRGP) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.86%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 132.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TRGP will have a dividend payout ratio of 23.14% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TRGP. What is Joe Bob Perkins' approval rating as Targa Resources' CEO? 22 employees have rated Targa Resources Chief Executive Officer Joe Bob Perkins on Glassdoor.com. Joe Bob Perkins has an approval rating of 92% among the company's employees. This puts Joe Bob Perkins in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 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 (ET), Government Properties Income Trust (GOV), Esperion Therapeutics (ESPR), Enterprise Products Partners (EPD), AT&T (T), Targa Resources Partners (NGLS.PA), Phillips 66 (PSX), New Residential Investment (NRZ), ALDW (ALDW) and Intel (INTC). 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 institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (1.31%), Strs Ohio (0.15%), Gateway Investment Advisers LLC (0.05%), Hennessy Advisors Inc. (0.04%), DNB Asset Management AS (0.04%) and Maryland State Retirement & Pension System (0.03%). Insiders that own company stock include Chris Tong, D Scott Pryor, G Clark White, James W Whalen, Joe Bob Perkins, Julie H Boushka, Paul W Chung, Regina Gregory, Rene R Joyce and Robert Muraro. View institutional ownership trends. How do I buy shares of Targa Resources? Shares of TRGP stock 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 $76.05. How much money does Targa Resources make? Targa Resources (NYSE:TRGP) has a market capitalization of $17.22 billion and generates $16.95 billion in revenue each year. The pipeline company earns $71.20 million in net income (profit) each year or $1.06 on an earnings per share basis. How many employees does Targa Resources have? The company employs 2,430 workers across the globe. How can I contact Targa Resources? Targa Resources' mailing address is TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002. The official website for the company is www.targaresources.com. The pipeline company can be reached via phone at (713) 584-1000, via email at investorrelations@targaresources.com, or via fax at 713-584-1100. This page (NYSE:TRGP) was last updated on 1/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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