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Targa Resources Stock Price, News & Analysis (NYSE:TRGP)

$38.93
+0.07 (+0.18 %)
(As of 10/16/2019 04:00 PM ET)
Today's Range
$38.62
Now: $38.93
$39.35
50-Day Range
$32.37
MA: $38.92
$43.19
52-Week Range
$32.00
Now: $38.93
$57.61
Volume1.04 million shs
Average Volume2.33 million shs
Market Capitalization$9.06 billion
P/E Ratio194.65
Dividend Yield9.37%
Beta1.77
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.48 billion
Cash Flow$5.18 per share
Book Value$32.58 per share

Profitability

Net Income$1.60 million

Miscellaneous

Employees2,460
Market Cap$9.06 billion
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable

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Targa Resources (NYSE:TRGP) Frequently Asked Questions

What is Targa Resources' stock symbol?

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

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

Targa Resources declared a quarterly dividend on Wednesday, July 17th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.91 per share on Thursday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 9.35%. The ex-dividend date is Tuesday, July 30th. View Targa Resources' Dividend History.

How were Targa Resources' earnings last quarter?

Targa Resources Corp (NYSE:TRGP) posted its quarterly earnings data on Thursday, August, 8th. The pipeline company reported ($0.18) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.15. The pipeline company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.36 billion. Targa Resources had a negative return on equity of 0.17% and a negative net margin of 1.81%. View Targa Resources' Earnings History.

When is Targa Resources' next earnings date?

Targa Resources is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Targa Resources.

What price target have analysts set for TRGP?

18 analysts have issued 12 month price targets for Targa Resources' stock. Their predictions range from $41.00 to $56.00. On average, they expect Targa Resources' share price to reach $48.00 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price. View Analyst Price Targets for Targa Resources.

What is the consensus analysts' recommendation for Targa Resources?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last year. There are currently 6 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Targa Resources.

What are Wall Street analysts saying about Targa Resources stock?

Here are some recent quotes from research analysts about Targa Resources stock:
  • 1. According to Zacks Investment Research, "Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. The Company operates its business through two business segments: Natural Gas Gathering and Processing and NGL Logistics and Marketing. The Natural Gas 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 natural gas liquids and removing impurities. NGL Logistics and Marketing segment is engaged in gathering and storing; fractionating, storing, and transporting of finished NGLs. Targa also markets the natural gas liquids produced and purchased in selected United States markets. The Company also offers refinery services and wholesale propane marketing operations. Targa Resources Corp is headquartered in Houston, Texas. " (10/11/2019)
  • 2. Evercore ISI analysts commented, "We are not surprised by today’s outperformance given the strong quarterly print (downstream), progress at the asset level (Grand Prix fully in service), and a well-handled call. We believe eliminating multi-year guidance was the right decision (more questions than answers absent regular updates given asset sales, project announcements, etc). After underperforming the group (AMZ) by 10% since we launched in February and with confidence in the outlook reiterated, TRGP continues to look ‘attractive’ on a multiples basis (9.2x/7.9x 2020e/2021e EBITDA on our numbers, 10.7% NTM div yld). The market clearly remains skeptical given leverage (little margin for error) and commodity exposure (ex-hedges)." (8/11/2019)

Has Targa Resources been receiving favorable news coverage?

News headlines about TRGP stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Targa Resources earned a news sentiment score of -1.2 on InfoTrie's scale. They also assigned news stories about the pipeline company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Targa Resources.

Are investors shorting Targa Resources?

Targa Resources saw a decrease in short interest in the month of September. As of September 30th, there was short interest totalling 17,190,000 shares, a decrease of 8.3% from the August 30th total of 18,740,000 shares. Based on an average daily volume of 2,310,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 7.6% of the shares of the company 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 folowing 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)

Who are Targa Resources' major shareholders?

Targa Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (2.92%), CIBC Private Wealth Group LLC (1.42%), Duff & Phelps Investment Management Co. (0.69%), Artemis Investment Management LLP (0.45%), Spirit of America Management Corp NY (0.09%) and Viking Fund Management LLC (0.07%). 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.

Which major investors are selling Targa Resources stock?

TRGP stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Viking Fund Management LLC, Spirit of America Management Corp NY, Gateway Investment Advisers LLC, Walnut Private Equity Partners LLC, Canton Hathaway LLC, Wiley BROS. Aintree Capital LLC and Diversified Trust Co. View Insider Buying and Selling for Targa Resources.

Which major investors are buying Targa Resources stock?

TRGP stock was purchased by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Artemis Investment Management LLP, Three Peaks Capital Management LLC, Duff & Phelps Investment Management Co., State of Alaska Department of Revenue, Wiley BROS. Aintree Capital LLC, Osborn Williams & Donohoe LLC and DNB Asset Management AS. 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.

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 $38.93.

How big of a company is Targa Resources?

Targa Resources has a market capitalization of $9.06 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.

What is Targa Resources' official website?

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

How can I contact Targa Resources?

Targa Resources' mailing address is 811 LOUISIANA ST SUITE 2100, HOUSTON TX, 77002. The pipeline company can be reached via phone at 713-584-1000 or via email at [email protected]


MarketBeat Community Rating for Targa Resources (NYSE TRGP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  565 (Vote Outperform)
Underperform Votes:  514 (Vote Underperform)
Total Votes:  1,079
MarketBeat's community ratings are surveys of what our community members think about Targa Resources and other stocks. Vote "Outperform" if you believe TRGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/16/2019 by MarketBeat.com Staff

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