NYSE:TRGP

Targa Resources Stock Forecast, Price & News

$46.93
+0.38 (+0.82 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$46.59
$47.20
50-Day Range
$31.04
$47.34
52-Week Range
$13.08
$48.35
Volume1.93 million shs
Average Volume4.34 million shs
Market Capitalization$10.73 billion
P/E Ratio54.57
Dividend Yield0.86%
Beta3.04
30 days | 90 days | 365 days | Advanced Chart
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About Targa Resources

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; and gathering, purchasing, storing, terminaling, and selling crude oil. 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 28,700 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 75 million barrels. As of December 31, 2020, the company leased and managed approximately 694 railcars; 124 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

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MarketRank

Overall MarketRank

2.07 out of 5 stars

Oils/Energy Sector

32nd out of 688 stocks

Natural Gas Transmission Industry

6th out of 36 stocks

Analyst Opinion: 2.4Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Targa Resources (NYSE:TRGP) Frequently Asked Questions

Is Targa Resources a buy right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 2 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Targa Resources stock.
View analyst ratings for Targa Resources
or view top-rated stocks.

What stocks does MarketBeat like better than Targa Resources?

Wall Street analysts have given Targa Resources a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Targa Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Targa Resources
.

How were Targa Resources' earnings last quarter?

Targa Resources Corp. (NYSE:TRGP) posted its earnings results on Thursday, May, 6th. The pipeline company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.38. The pipeline company earned $3.63 billion during the quarter, compared to analysts' expectations of $2.62 billion. Targa Resources had a net margin of 3.36% and a trailing twelve-month return on equity of 5.53%.
View Targa Resources' earnings history
.

How has Targa Resources' stock been impacted by Coronavirus?

Targa Resources' stock was trading at $14.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TRGP shares have increased by 224.8% and is now trading at $46.93.
View which stocks have been most impacted by COVID-19
.

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

Targa Resources announced a quarterly dividend on Thursday, April 15th. Investors of record on Friday, April 30th will be given a dividend of $0.10 per share on Friday, May 14th. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, April 29th.
View Targa Resources' dividend history
.

Is Targa Resources a good dividend stock?

Targa Resources pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.86%. Targa Resources does not yet have a strong track record of dividend growth. The dividend payout ratio of Targa Resources is 38.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Targa Resources will have a dividend payout ratio of 23.53% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.
View Targa Resources' dividend history.

What price target have analysts set for TRGP?

18 brokers have issued 1 year price objectives for Targa Resources' shares. Their forecasts range from $19.00 to $54.00. On average, they expect Targa Resources' share price to reach $40.81 in the next year. This suggests that the stock has a possible downside of 13.0%.
View analysts' price targets for Targa Resources
or view top-rated stocks among Wall Street analysts.

Who are Targa Resources' key executives?

Targa Resources' management team includes the following people:
  • Mr. Matthew J. Meloy, CEO & Director (Age 43, Pay $2.55M)
  • Ms. Jennifer R. Kneale, Chief Financial Officer (Age 42, Pay $1.12M)
  • Mr. D. Scott Pryor, Pres of Logistics & Transportation (Age 58, Pay $1.05M)
  • Mr. Patrick J. McDonie, Pres of Gathering & Processing (Age 60, Pay $1.05M)
  • Mr. Robert M. Muraro, Chief Commercial Officer (Age 44, Pay $1.05M)
  • Mr. G. Clark White, Exec. VP of Operations (Age 61)
  • Ms. Julie H. Boushka, Sr. VP & Chief Accounting Officer (Age 58)
  • Mr. Sanjay Lad, VP of Fin. & Investor Relations
  • Ms. Regina L. Gregory, Exec. VP, Gen. Counsel & Sec. (Age 50)

What is Joe Bob Perkins' approval rating as Targa Resources' CEO?

22 employees have rated Targa Resources CEO Joe Bob Perkins on Glassdoor.com. Joe Bob Perkins has an approval rating of 92% among Targa Resources' employees. This puts Joe Bob Perkins in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Targa Resources' key competitors?

What other stocks do shareholders of Targa Resources own?

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 investors include BlackRock Inc. (5.69%), Blackstone Group Inc. (4.89%), Tortoise Capital Advisors L.L.C. (4.17%), Goldman Sachs Group Inc. (3.28%), Kayne Anderson Capital Advisors LP (2.89%) and Neuberger Berman Group LLC (2.71%). Company insiders that own Targa Resources stock include Chris Tong, James W Whalen, Joe Bob Perkins and Rene R Joyce.
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 Price T Rowe Associates Inc. MD, Millennium Management LLC, Chickasaw Capital Management LLC, Holocene Advisors LP, Renaissance Technologies LLC, Kayne Anderson Capital Advisors LP, Point72 Asset Management L.P., and Geode Capital Management LLC. Company insiders that have sold Targa Resources company stock in the last year include Chris Tong, James W Whalen, Joe Bob Perkins, and Rene R Joyce.
View insider buying and selling activity for Targa Resources
or view top insider-selling stocks.

Which institutional investors are buying Targa Resources stock?

TRGP stock was acquired by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Zimmer Partners LP, Jennison Associates LLC, BlackRock Inc., Cohen & Steers Inc., UBS Group AG, Morgan Stanley, and Edgestream Partners L.P..
View insider buying and selling activity for Targa Resources
or or view top insider-buying stocks.

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 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 $46.93.

How much money does Targa Resources make?

Targa Resources has a market capitalization of $10.73 billion and generates $8.26 billion in revenue each year. The pipeline company earns $-1,553,900,000.00 in net income (profit) each year or $1.05 on an earnings per share basis.

How many employees does Targa Resources have?

Targa Resources employs 2,372 workers across the globe.

What is Targa Resources' official website?

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

Where are Targa Resources' headquarters?

Targa Resources is headquartered at TARGA RESOURCES PARTNERS LP 1000 LOUISIANA STREET SUITE 4300, HOUSTON TX, 77002.

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 6/13/2021 by MarketBeat.com Staff
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