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Targa Resources Corp. (TRGP)

112.92 +1.14 (+1.02%)
At close: 4:00 PM EDT
112.92 0.00 (0.00%)
After hours: 4:56 PM EDT
Loading Chart for TRGP
DELL
  • Previous Close 111.78
  • Open 112.03
  • Bid --
  • Ask --
  • Day's Range 112.00 - 113.94
  • 52 Week Range 67.36 - 117.61
  • Volume 1,370,630
  • Avg. Volume 1,788,540
  • Market Cap (intraday) 25.129B
  • Beta (5Y Monthly) 2.22
  • PE Ratio (TTM) 30.85
  • EPS (TTM) 3.66
  • Earnings Date May 2, 2024
  • Forward Dividend & Yield 3.00 (2.68%)
  • Ex-Dividend Date Apr 29, 2024
  • 1y Target Est 119.30

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.

www.targaresources.com

3,182

Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News: TRGP

Performance Overview: TRGP

Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

TRGP
30.74%
S&P 500
4.14%

1-Year Return

TRGP
50.59%
S&P 500
19.55%

3-Year Return

TRGP
258.35%
S&P 500
18.68%

5-Year Return

TRGP
241.51%
S&P 500
70.99%

Compare To: TRGP

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Statistics: TRGP

Valuation Measures

As of 4/18/2024
  • Market Cap

    24.87B

  • Enterprise Value

    37.74B

  • Trailing P/E

    30.54

  • Forward P/E

    23.47

  • PEG Ratio (5yr expected)

    1.36

  • Price/Sales (ttm)

    1.57

  • Price/Book (mrq)

    9.08

  • Enterprise Value/Revenue

    2.35

  • Enterprise Value/EBITDA

    9.53

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.38%

  • Return on Assets (ttm)

    8.16%

  • Return on Equity (ttm)

    32.93%

  • Revenue (ttm)

    16.06B

  • Net Income Avi to Common (ttm)

    828.2M

  • Diluted EPS (ttm)

    3.66

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    141.7M

  • Total Debt/Equity (mrq)

    282.69%

  • Levered Free Cash Flow (ttm)

    211.2M

Research Analysis: TRGP

Analyst Price Targets

95.00 Low
119.30 Average
112.92 Current
134.18 High
 

Fair Value

Near Fair Value
% Return
112.92 Current
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Research Reports: TRGP

  • TRGP: Lowering target price to $91.00

    TARGA RESOURCES CORP has an Investment Rating of SELL; a target price of $91.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Medium.

    Rating
    Bearish
    Price Target
     
  • TRGP: Raising target price to $92.00

    TARGA RESOURCES CORP has an Investment Rating of SELL; a target price of $92.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Bearish
    Price Target
     
  • TRGP: Raising target price to $91.00

    TARGA RESOURCES CORP has an Investment Rating of SELL; a target price of $91.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Medium.

    Rating
    Bearish
    Price Target
     
  • Analyst Report: Targa Resources Corp.

    Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

    Rating
    Bearish
    Price Target
     

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