Targa Resources Inc (TRGP)

NYSE
Currency in USD
215.72
+2.77(+1.30%)
Closed
After Hours
216.52+0.80(+0.37%)
TRGP Scorecard
Full Analysis
Has raised its dividend for 3 consecutive years
Trading near 52-week High
Fair Value
Day's Range
210.14217.02
52 wk Range
82.13217.02
Key Statistics
Edit
Prev. Close
212.95
Open
212.68
Day's Range
210.14-217.02
52 wk Range
82.13-217.02
Volume
1.85M
Average Volume (3m)
1.7M
1-Year Change
161.51%
Book Value / Share
11.75
Fair Value
unlockUnlock
Fair Value Upside
unlockUnlock
TRGP Scorecardpro icon
Company’s Health
pro lockUnlock
Fair Value
pro lockUnlock Price
Fair Pricepro lock
Upsidepro lock
Price Target
202.62
Downside
-6.07%
Members' Sentiments
Bearish
Bullish
ProTips
RSI suggests the stock is in overbought territory
Show more

Targa Resources Inc Company Profile

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.

Targa Resources Inc SWOT Analysis


Permian Powerhouse
Targa Resources Corp.'s strategic focus on the Permian Basin positions it for substantial growth, with analysts projecting significant cash flow inflection starting in 2025.
Financial Fortitude
TRGP delivered robust Q3 2024 results, exceeding expectations with a five-year revenue CAGR of 9%. The company raised its full-year 2024 adjusted EBITDA guidance above $4.05 billion.
Shareholder Rewards
Discover Targa's commitment to shareholder returns, including a 33% dividend increase for 2025 and accelerated share buybacks, supported by 14 years of consistent dividend payments.
Analyst Outlook
Explore varied analyst perspectives on TRGP, with price targets ranging from $138 to $202, reflecting diverse views on the company's growth potential and market positioning.
Read full SWOT analysis

Targa Resources Inc Earnings Call Summary for Q2/2024

  • Record Q2 with $984M adjusted EBITDA; appointed Will Byers as new CFO
  • Participating in Blackcomb pipeline JV; cost under $200M; expects low double-digit volume growth
  • New $1B share repurchase program; repaid $500M term loan; 3.6x consolidated net leverage ratio
  • Daytona pipeline operational in Q3; no significant transportation capex for 2025
  • Forecasts growth into 2025; plans to return 40-50% of adjusted cash flow to equity holders
Last Updated: 08/04/2024, 10:14 PM
Read Full Transcript

Compare TRGP to Peers and Sector

Metrics to compare
TRGP
Peers
Sector
Relationship
P/E Ratio
38.2x20.4x4.8x
PEG Ratio
0.850.540.00
Price/Book
18.3x2.7x1.1x
Price / LTM Sales
2.9x4.5x1.1x
Upside (Analyst Target)
−4.3%−0.7%26.2%
Fair Value Upside
Unlock−9.6%8.2%Unlock

Analyst Ratings

20 Buy
2 Hold
1 Sell
Ratings:
23 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 202.62

(-6.07% Downside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 5.56
Dividend Yield
1.39%
Industry Median 5.40%
Annualized payout
3
Paid quarterly
5-Years Growth
-5.45%
Growth Streak

Earnings

Latest Release
Nov 05, 2024
EPS / Forecast
1.56 / 1.56
Revenue / Forecast
3.85B / 4.31B
EPS Revisions
Last 90 days

People Also Watch

71.77
PLTR
+3.65%
237.44
AVGO
+3.50%
170.86
VST
-1.80%
612.77
META
+0.24%
426.50
TSLA
+3.06%

FAQ

What Is the Targa Resources (TRGP) Stock Price Today?

The Targa Resources stock price today is 215.72

What Stock Exchange Does Targa Resources Trade On?

Targa Resources is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Targa Resources?

The stock symbol for Targa Resources is "TRGP."

Does Targa Resources Pay Dividends? What’s The Current Dividend Yield?

The Targa Resources dividend yield is 1.39%.

What Is the Targa Resources Market Cap?

As of today, Targa Resources market cap is 47.04B.

What is Targa Resources Earnings Per Share?

The Targa Resources EPS is 5.56.

What Is the Next Targa Resources Earnings Date?

Targa Resources will release its next earnings report on Feb 19, 2025.

From a Technical Analysis Perspective, Is TRGP a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.