Targa Resources/TRGP

$115.95

1.88%
-
1D1W1MYTD1YMAX

About Targa Resources

Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.

Ticker

TRGP

Sector

Energy

Trading on

NYSE

Industry

Natural Gas Utilities

CEO

Matthew Meloy

Employees

3,182

Headquarters

Houston, United States

Targa Resources Metrics

BasicAdvanced
$25.13B
Market cap
30.78
P/E ratio
$3.67
EPS
2.17
Beta
$1.85
Dividend rate
2.66%
Dividend yield
$25.13B
2.17377
$117.61
$67.36
1.78M
$1.85
0.795
0.66
450.166
472.822
50.63%
413.838
3.88%
7.85%
30.62%
10.45%
30.785
1.565
9.175
64.582
62.995
3.04%
1.64%
2.66%
-23.27%
-5.61%
24.81%
15.2%

What the Analysts think about Targa Resources

Analyst Ratings

Majority rating from 22 analysts.
Buy

Price Targets

Average projection from 20 analysts.
3.54% upside
High $134.18
Low $95.00
$115.95
Current price
$120.05
Average price target

Targa Resources Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
7.06% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$4.24B
8.8%
Net income
$299.6M
36.18%
Profit margin
7.06%
25.18%

Targa Resources Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 14.16%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.03
$1.44
$0.97
$1.26
-
Expected
$1.40
$1.24
$1.20
$1.46
$1.30
Surprise
-97.86%
16.35%
-19.01%
-14.16%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Targa Resources stock?

Targa Resources (TRGP) has a market cap of $25.33B as of April 24, 2024.

What is the P/E ratio for Targa Resources stock?

The price to earnings (P/E) ratio for Targa Resources (TRGP) stock is 31.03 as of April 24, 2024.

Does Targa Resources stock pay dividends?

Yes, the Targa Resources (TRGP) stock pays dividends to shareholders. As of April 24, 2024, the dividend rate is $1.85 and the yield is 2.64%. Targa Resources has a payout ratio of 50.63% on a trailing twelve-month basis.

When is the next Targa Resources dividend payment date?

The next Targa Resources (TRGP) dividend payment is scheduled for May 15, 2024.

What is the beta indicator for Targa Resources?

Targa Resources (TRGP) has a beta rating of 2.18. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Targa Resources stock price target?

The target price for Targa Resources (TRGP) stock is $120.05, which is 3.48% above the current price of $116.01. This is an average based on projections from 20 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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