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S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
Small areas reopen near Fukushima nuclear plant, few return
What’s At Stake In April is Shocking (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Gas prices increase in NJ, around nation amid higher demand
What’s At Stake In April is Shocking (Ad)pixel
Lanterns and crescents: more retailers court Ramadan buyers
Shipbuilder Austal executives accused of inflating earnings
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
Small areas reopen near Fukushima nuclear plant, few return
What’s At Stake In April is Shocking (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Gas prices increase in NJ, around nation amid higher demand
What’s At Stake In April is Shocking (Ad)pixel
Lanterns and crescents: more retailers court Ramadan buyers
Shipbuilder Austal executives accused of inflating earnings
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
Small areas reopen near Fukushima nuclear plant, few return
What’s At Stake In April is Shocking (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Gas prices increase in NJ, around nation amid higher demand
What’s At Stake In April is Shocking (Ad)pixel
Lanterns and crescents: more retailers court Ramadan buyers
Shipbuilder Austal executives accused of inflating earnings
NYSE:TRGP

Targa Resources - TRGP Stock Forecast, Price & News

$72.95
+1.34 (+1.87%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$71.62
$73.05
50-Day Range
$66.85
$79.24
52-Week Range
$55.56
$81.50
Volume
2.26 million shs
Average Volume
1.87 million shs
Market Capitalization
$16.53 billion
P/E Ratio
18.75
Dividend Yield
1.92%
Price Target
$97.91

Targa Resources MarketRank™ Forecast

Analyst Rating
Buy
3.08 Rating Score
Upside/​Downside
34.2% Upside
$97.91 Price Target
Short Interest
Healthy
1.71% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.39
Upright™ Environmental Score
News Sentiment
1.23mentions of Targa Resources in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
25.00%
From $5.76 to $7.20 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.25 out of 5 stars

Oils/Energy Sector

9th out of 239 stocks

Natural Gas Transmission Industry

1st out of 18 stocks


TRGP stock logo

About Targa Resources (NYSE:TRGP) Stock

Targa 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.

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TRGP Stock News Headlines

"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast.
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast.
Analyst Expectations for Targa Resources's Future
Time to Buy these Top-Rated Growth Stocks at a Discount?
See More Headlines
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TRGP Company Calendar

Last Earnings
5/06/2021
Ex-Dividend for 2/15 Dividend
1/30/2023
Dividend Payable
2/15/2023
Today
4/01/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
87612G10
Employees
2,850
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$97.91
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$87.00
Forecasted Upside/Downside
+34.2%
Consensus Rating
Buy
Rating Score (0-4)
3.08
Research Coverage
13 Analysts

Profitability

Net Income
$1.14 billion
Pretax Margin
7.95%

Debt

Sales & Book Value

Annual Sales
$20.93 billion
Cash Flow
$10.42 per share
Book Value
$22.01 per share

Miscellaneous

Free Float
224,146,000
Market Cap
$16.53 billion
Optionable
Optionable
Beta
2.29

Key Executives

  • Paul W. Chung
    Chairman & General Partner
  • Matthew J. Meloy
    President, Chief Executive Officer & Director
  • G. Clark WhiteG. Clark White
    Executive VP-Engineering & Operations
  • Jennifer R. Kneale
    Chief Financial Officer
  • Regina L. Gregory
    Secretary, General Counsel & Executive VP













TRGP Stock - Frequently Asked Questions

Should I buy or sell Targa Resources stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 12 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?

13 analysts have issued 12-month price targets for Targa Resources' shares. Their TRGP share price forecasts range from $87.00 to $115.00. On average, they expect the company's share price to reach $97.91 in the next year. This suggests a possible upside of 34.2% 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 on January 1st, 2023. Since then, TRGP shares have decreased by 0.7% and is now trading at $72.95.
View the best growth stocks for 2023 here
.

Are investors shorting Targa Resources?

Targa Resources saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 3,800,000 shares, a drop of 15.6% from the February 28th total of 4,500,000 shares. Based on an average daily volume of 1,580,000 shares, the short-interest ratio is currently 2.4 days. Approximately 1.7% of the shares of the company are short sold.
View Targa Resources' Short Interest
.

When is Targa Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our TRGP earnings forecast
.

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 (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.38. The pipeline company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Targa Resources had a trailing twelve-month return on equity of 25.20% and a net margin of 5.46%.

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

Targa Resources declared a quarterly dividend on Thursday, January 19th. Investors of record on Tuesday, January 31st will be given a dividend of $0.35 per share on Wednesday, February 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.92%. 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 1.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRGP will have a dividend payout ratio of 19.44% 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?
What is Targa Resources' stock symbol?

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

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 $72.95.

How much money does Targa Resources make?

Targa Resources (NYSE:TRGP) has a market capitalization of $16.53 billion and generates $20.93 billion in revenue each year. The pipeline company earns $1.14 billion in net income (profit) each year or $3.89 on an earnings per share basis.

How many employees does Targa Resources have?

The company employs 2,850 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 4/2/2023 by MarketBeat.com Staff