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NYSE:TRGPTarga Resources Stock Price, Forecast & News

$17.53
+0.43 (+2.51 %)
(As of 07/14/2020 12:05 PM ET)
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Today's Range
$16.72
Now: $17.53
$17.58
50-Day Range
$17.27
MA: $19.89
$24.23
52-Week Range
$3.66
Now: $17.53
$43.47
Volume65,733 shs
Average Volume3.14 million shs
Market Capitalization$4.09 billion
P/E RatioN/A
Dividend Yield2.24%
Beta3.25
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.6Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.84 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryOil & Gas Storage & Transportation
CUSIP87612G10
Phone713-584-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.67 billion
Cash Flow$3.87 per share
Book Value$36.27 per share

Profitability

Net Income$-209,200,000.00

Miscellaneous

Employees2,680
Market Cap$4.09 billion
Next Earnings Date8/13/2020 (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 (COVID-19) reached pandemic status according to the World Health Organization. Since then, TRGP shares have increased by 21.3% and is now trading at $17.53. View which stocks have been most impacted by Coronavirus.

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

20 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 8 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 Thursday, August 13th 2020. 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, 7th. The pipeline company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.78. The pipeline company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.24 billion. Targa Resources had a negative net margin of 22.66% and a positive return on equity of 2.45%. 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 Monday, April 20th. Investors of record on Friday, May 1st will be paid a dividend of $0.10 per share on Friday, May 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, April 30th. View Targa Resources' dividend history.

What price target have analysts set for TRGP?

20 brokerages have issued 1-year price objectives for Targa Resources' shares. Their forecasts range from $13.00 to $48.00. On average, they expect Targa Resources' stock price to reach $27.29 in the next twelve months. This suggests a possible upside of 55.7% from the stock's current price. View analysts' price targets for Targa Resources.

Has Targa Resources been receiving favorable news coverage?

News headlines about TRGP stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Targa Resources earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned media coverage about the pipeline company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Targa Resources.

Are investors shorting Targa Resources?

Targa Resources saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,900,000 shares, a decline of 10.7% from the June 15th total of 6,610,000 shares. Based on an average daily volume of 5,850,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.6% of the company's shares are sold short. View Targa Resources' Current Options Chain.

Who are some of Targa Resources' key competitors?

What other stocks do shareholders of Targa Resources own?

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 many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.09%), Global Retirement Partners LLC (0.02%), SL Advisors LLC (0.01%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Spirit of America Management Corp NY (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 selling Targa Resources stock?

TRGP stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, SL Advisors LLC, and Global Retirement Partners LLC. View insider buying and selling activity for Targa Resources.

Which major investors are buying Targa Resources stock?

TRGP stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Nelson Van Denburg & Campbell Wealth Management Group 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 $17.53.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $4.09 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.

What is Targa Resources' official website?

The official website for Targa Resources is 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 7/14/2020 by MarketBeat.com Staff

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