Targa Resources Corp.

NYSE:TRGP

$204.3 USD

$2.91 (1.44%)

Volume
820.47K
Average Volume
1.77M
Market Capitalization
$44.55B
P/E Ratio
35.49
Dividend Yield
1.35%
Price Target
$140.00
Year High
$209.87
Year Low
$81.03
Payout Ratio
$0.45
Current Ratio
$0.77

Industry, Sector & symbol

Stock Exchange New York Stock Exchange
CEO Mr. Matthew J. Meloy
Industry Oil & Gas Midstream
Sector Energy
Current Symbol TRGP
CUSIP 87612G101
CIK 0001389170
Web https://www.targaresources.com
Phone 713 584 1000
Currency USD
Employees 3182
Country US

Liquidity

Debt-to-Equity Ratio 5.45
Payout Ratio 0.45
Current Ratio 0.77
Quick Ratio 0.61
Cash Ratio 0.05

Sales & Book Value

Annual Sales $16.06B
Price / Sales 2.73
Cash Flow 1.46
Price / Cash Flow 138.96
Price / Book 17.38

Price Target and Rating

Average Stock Price Forecast $140.00
High Stock Price Forecast $225.00
Low Stock Price Forecast $45.00
Forecast Upside/Downside 45.93%
Consensus Rating Sell
Rating Score(0-5) 2
Research Coverage 10 Analysts

Profitability

EPS (Most Recent Fiscal Year) $3.66
Trailing P/E Ratio 35.49
PEG Ratio 2.15
P/E Growth 2.15
Net Income $1.35B
Net Margin 7.73%
Pretax Margin 11.50%
Return on Equity 48.10%
Return on Assets 5.76%

Financials Score

AltmanZ Score 2.70
Piotroski Score 5.00
Working Capital -599.1M
Total Assets 21.9B
Ebit 2.63B
Market Cap 44.55B
Total Liabilities 17.45B

Poll Results

About Targa Resources Corp. (NYSE:TRGP) Stock

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. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It 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, storing, terminaling, purchasing, and selling crude oil. The company 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 reta ... ilers, and other end-users. In addition, it 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. The company operates approximately 28,400 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 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

3 No-Brainer Energy Stocks to Buy With $1,000 Right Now

2024-11-21 05:28:00

3 No-Brainer Energy Stocks to Buy With $1,000 Right Now

Targa Resources, Inc. (TRGP) Is Up 1.96% in One Week: What You Should Know

2024-11-19 13:01:22

Does Targa Resources, Inc. (TRGP) have what it takes to be a top stock pick for momentum investors? Let's find out.

Targa Resources: The Price Is Not Always Right (Rating Downgrade)

2024-11-13 10:44:54

TRGP's price performance over the last several months has been incredibly strong, pushing it out past my price target for 2026. The new growth projects announced by the company will likely cause the company to increase debt levels in 2025, although still at manageable levels. Targa Resources will become a full taxpayer by 2027, negativity will impact FCF.

Targa Resources Q3 Earnings Beat on Permian Volume Strength

2024-11-12 08:05:31

TRGP's adjusted EBITDA for the third quarter totaled $1.1 billion, up from $840.2 million in the prior-year period.

Targa Resources Corp. to Participate in BofA Securities Global Energy Conference

2024-11-11 17:00:00

HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the BofA Securities Global Energy Conference in Houston, TX on Wednesday, November 13, 2024.

Frequently Asked Questions

What is the current Targa Resources Corp. (TRGP) stock price?

Targa Resources Corp.(NYSE:TRGP) stock price is $204.3 in the last trading session. During the trading session, TRGP stock reached the peak price of $209.87 while $81.03 was the lowest point it dropped to. The percentage change in TRGP stock occurred in the recent session was 1.44% while the dollar amount for the price change in TRGP stock was $2.91.

TRGP's industry and sector of operation?

The NYSE listed TRGP is part of Oil & Gas Midstream industry that operates in the broader Energy sector.

Who are the executives of TRGP?

Mr. William A Byers | Executive Vice President & Chief Financial Officer
Mr. D. Scott Pryor | President of Logistics & Transportation
Mr. Robert M. Muraro | Chief Commercial Officer
Mr. Sanjay Lad C.F.A. | Vice President of Finance & Investor Relations
Mr. Patrick J. McDonie | President of Gathering & Processing

How many employees does TRGP have?

Number of TRGP employees currently stands at 3182. TRGP operates from 811 Louisiana Street, Houston, TX 77002, US.

Link for TRGP official website?

Official Website of TRGP is: https://www.targaresources.com

How do I contact TRGP?

TRGP could be contacted at phone #713 584 1000 and can also be accessed through its website. TRGP operates from 811 Louisiana Street, Houston, TX 77002, US.

How many shares of TRGP are traded daily?

The average number of TRGP shares traded daily for last 3 months was 1.77M.

What is the market cap of TRGP currently?

The market value of TRGP currently stands at $44.55B with its latest stock price at $204.3