Targa Resources IncTRGP

TRGP current price
$169.20+112.12%

Capital at risk.

1W
+2.66%
1M
+6.80%
3M
+33.75%
6M
+59.36%
1Y
+112.12%
MAX
+150.18%
Calendar
event
Ex dividend date
31 Oct 2024
calendar_clock
Next Dividend Payment
15 Nov 2024
About Targa Resources Inc
Ticker
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TRGP
Trading on
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NYSE
ISIN
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US87612G1013
Industry
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Oil & Gas Midstream
Sector
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Energy
CEO
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Matthew J. Meloy
Headquarters
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811 Louisiana Street, Houston, TX, United States, 77002
Employees
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3,182
Website
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targaresources.com
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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. It is also involved in the purchase and resale of NGL products; and sale 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. As of December 31, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Metrics
BasicAdvanced
Market cap
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$37.1B
P/E ratio
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34.81
EPS
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$4.86
Dividend Yield
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1.82%
Beta
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2.25
Forward P/E ratio
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21.93
EBIDTA
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$3.77B
Ex dividend date
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2024-10-31
Price & volume
Market cap
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$37.1B
Average daily volume
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1.7M
90-day return
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33.75%
30-day return
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6.80%
7-day return
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2.66%
Dividends
Dividend per share
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$2.50
Dividend yield
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1.82%
Forward dividend per share
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$3.00
Forward dividend yield
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$0.02
Payout ratio
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72.18%
Valuation
P/E ratio
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34.81
Forward P/E
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21.93
PEG ratio
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1.15
Trailing P/E
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34.81
Price to sales
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2.28
Price to book
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14.67
Earnings
EPS
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$4.86
EPS estimate (current quarter)
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$1.27
EPS estimate (next quarter)
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$1.39
EBITDA
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$3.77B
Revenues (TTM)
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$16.3B
Revenues per share (TTM)
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$73.06
Technicals
Beta
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2.25
52-week High
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$178.59
52-week Low
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$79.24
50-day moving average
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$155.17
200-day moving average
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$125.11
Short ratio
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1.86
Short %
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1.79%
Management effectiveness
ROE (TTM)
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29.88%
ROA (TTM)
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7.39%
Profit margin
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6.72%
Gross profit margin
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$4.05B
Operating margin
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17.61%
Growth
Quarterly earnings growth (YoY)
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7.60%
Quarterly revenue growth (YoY)
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4.70%
Share stats
Outstanding Shares
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$219M
Float
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$215M
Insiders %
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1.45%
Institutions %
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92.69%
Analyst Insights & forecasts
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96% Buy

0% Hold

4% Sell

Based on information from 22 analysts.

Average price target

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$171.03
Earnings per share (EPS) forecast
windowbar_chart_4_bars
Actual
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Expected
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Surprise
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$1.44
$1.24
16.13%
Q2 • 23Beat
$0.97
$1.20
19.17%
Q3 • 23Beat
$1.26
$1.46
13.70%
Q4 • 23Beat
$1.22
$1.30
6.15%
Q1 • 24Beat
$1.33
$1.27
4.72%
Q2 • 24Current
QuarterlyAnnual
Financial Performance
windowbar_chart_4_bars
Income StatementBalance SheetCash Flow
windowbar_chart_4_bars
Revenue
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Net income
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Profit margin
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$4.6B
$275M
5.99%
Q1 • 24
$3.62B
$299M
8.25%
Q2 • 24
21.29%
8.47%
37.81%
QoQ growth
QuarterlyAnnual
Totals assets
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Total liabilities
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Debt to assets
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$20.8B
$16.3B
78.04%
Q1 • 24
$21.3B
$16.9B
79.55%
Q2 • 24
2.01%
3.98%
1.93%
QoQ growth
QuarterlyAnnual
Operating
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Investing
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Financing
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Free cash flow
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$876M
$-678M
$-231M
$207M
Q1 • 24
$905M
$-750M
$-102M
$164M
Q2 • 24
3.21%
10.61%
55.63%
20.52%
QoQ growth
QuarterlyAnnual
Sentiment analysis

-1.5

Extreme greed

+1.5

0.83

Last 30 days

Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Past performance is no guarantee of future results. Your return may be affected by currency fluctuations and applicable fees and charges. The value of your investment may go up as well as down. When investing, your capital at risk.

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FAQs

How much is a Targa Resources Inc share?
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Targa Resources Inc shares are currently traded for $169.20 per share.

How many shares does Targa Resources Inc have?
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Targa Resources Inc currently has $219M shares.

Does Targa Resources Inc pay dividends?
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Yes, Targa Resources Inc does pay dividends.

What is Targa Resources Inc 52 week high?
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Targa Resources Inc 52 week high is $178.59.

What is Targa Resources Inc 52 week low?
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Targa Resources Inc 52 week low is $79.24.

What is the 200-day moving average of Targa Resources Inc?
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Targa Resources Inc 200-day moving average is $125.11.

Who is Targa Resources Inc CEO?
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The CEO of Targa Resources Inc is Matthew J. Meloy.

How many employees Targa Resources Inc has?
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Targa Resources Inc has 3,182 employees.

What is the market cap of Targa Resources Inc?
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The market cap of Targa Resources Inc is $37.1B.

What is the P/E of Targa Resources Inc?
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The current P/E of Targa Resources Inc is 34.81.

What is the EPS of Targa Resources Inc?
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The EPS of Targa Resources Inc is $4.86.

What is the PEG Ratio of Targa Resources Inc?
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The PEG Ration of Targa Resources Inc is 1.15.

What do analysts say about Targa Resources Inc?
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According to the analysts Targa Resources Inc is considered a buy.