TRGP - Targa Resources Corp.

NYSE - NYSE Delayed Price. Currency in USD
43.50
+0.76 (+1.78%)
At close: 4:02PM EST
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Previous Close42.74
Open43.22
Bid43.02 x 800
Ask0.00 x 2900
Day's Range43.05 - 43.72
52 Week Range33.55 - 59.21
Volume1,887,582
Avg. Volume2,779,440
Market Cap9.974B
Beta (3Y Monthly)1.31
PE Ratio (TTM)35.54
EPS (TTM)1.22
Earnings DateFeb 13, 2019 - Feb 18, 2019
Forward Dividend & Yield3.64 (8.52%)
Ex-Dividend Date2018-10-30
1y Target Est57.20
Trade prices are not sourced from all markets
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  • GlobeNewswire3 days ago

    Targa Resources Corp. Announces Quarterly Dividends

    Targa Resources Corp. (“TRC”, “Targa” or the “Company”) (TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares for the fourth quarter of 2018. TRC announced today that its board of directors has declared a quarterly cash dividend of 91.00¢ per share, or $3.64 per common share on an annualized basis, for the fourth quarter of 2018. This cash dividend will be paid February 15, 2019 on all outstanding common shares to holders of record as of the close of business on January 31, 2019.

  • GlobeNewswire5 days ago

    Targa Resources Partners LP Announces Monthly Distribution on Preferred Units

    Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE:NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for January 2019. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for January 2019. This cash distribution will be paid February 15, 2019 on all outstanding Series A Preferred Units to holders of record as of the close of business on January 31, 2019.

  • GlobeNewswire9 days ago

    Targa Resources Partners LP Prices Upsized $1.5 Billion Offering of Senior Notes

    Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (TRGP), and the Partnership’s subsidiary Targa Resources Partners Finance Corporation announced today the pricing of an upsized offering of $1.5 billion aggregate principal amount of senior unsecured notes consisting of the originally announced $750.0 million of senior unsecured notes due 2027 (the “2027 Notes”) and an additional $750.0 million of senior unsecured notes due 2029 (the “2029 Notes”). The Partnership intends to use the net proceeds from the offering to redeem its outstanding senior notes due 2019 in full and the remainder for general partnership purposes, which may include repaying borrowings under its credit facilities or other indebtedness, working capital and funding growth investments and acquisitions.

  • The Wall Street Journal9 days ago

    [$$] Junk-Bond Sale Ends 40-Day Market Drought

    A long freeze in the junk bond market thawed Thursday as midstream energy company Targa Resources Partners LP became the first business to sell below-investment-grade bonds since November. Targa, which has credit ratings at the upper end of the speculative-grade spectrum, sold $1.5 billion of eight and 10-year bonds, twice the amount initially expected. In another sign of a strengthening corporate debt market, investment-grade Anheuser-Busch InBev SA also sold $15.5 billion of bonds Thursday, the largest since October, as the beer giant moved to repay existing debt.

  • Moody's10 days ago

    Targa Resources Partners LP -- Moody's rates Targa Resources Partners' new notes Ba3

    TRP is wholly owned by Targa Resources Corp. (Targa). Targa and TRP's other ratings and Targa's stable outlook remained unchanged. TRP's proposed and existing senior notes are unsecured and the creditors have a subordinated claim to TRP's assets behind the senior secured revolving credit facility and the accounts receivable securitization facility.

  • GlobeNewswire10 days ago

    Targa Resources Partners LP Announces $750.0 Million Offering of Senior Notes

    Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (TRGP), and the Partnership’s subsidiary Targa Resources Partners Finance Corporation announced today that, subject to market conditions, they intend to sell in an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States pursuant to Regulation S under the Securities Act, $750.0 million in aggregate principal amount of senior unsecured notes due 2027. The Partnership intends to use the net proceeds from the offering for general partnership purposes, which may include partial or full redemption of its outstanding senior notes due 2019 or other senior notes, repaying borrowings under its credit facilities or other indebtedness, working capital and funding growth investments and acquisitions.

  • Financial Times10 days ago

    [$$] First high-yield corporate bond deal in weeks comes to market

    set to sell $1.5bn of debt on Thursday in the first high-yield bond deal since November last year. Targa, which carries ratings at the upper end of high-yield issuers, initially came to market with a $750m bond with an 8½-year maturity, but strong investor demand saw the company double the size of the transaction, adding a $750m 10-year tranche, according to people familiar with the deal. There had been no new sales of high-yield bonds for 41 days, marking the longest drought on record, according to data company Dealogic, which has records back to 1995.

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  • Shares of Targa Resources Continued to Slide in December, Dropping 19%
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    Shares of Targa Resources Continued to Slide in December, Dropping 19%

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    Targa Resources Corp (TRGP): Are Hedge Funds Right About This Stock?

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  • GlobeNewswirelast month

    Targa Resources Partners LP Announces Monthly Distribution on Preferred Units

    Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE:NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for December 2018. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for December 2018.

  • Why Targa Resources Stock Tanked 15% in November
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    Why Targa Resources Stock Tanked 15% in November

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  • GlobeNewswire2 months ago

    Targa Resources Corp. to Participate in Wells Fargo Annual Midstream and Utility Symposium

    Targa Resources Corp. (TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the Wells Fargo Annual Midstream and Utility Symposium on Wednesday, December 5, 2018 and Thursday, December 6, 2018  in New York City. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to http://ir.targaresources.com/trc/events.cfm. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America.

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  • Here’s What We Think About Targa Resources Corp’s (NYSE:TRGP) CEO Pay
    Simply Wall St.2 months ago

    Here’s What We Think About Targa Resources Corp’s (NYSE:TRGP) CEO Pay

    Joe Perkins became the CEO of Targa Resources Corp (NYSE:TRGP) in 2012. This analysis aims first to contrast CEO compensation with other large companies. Then we’ll look at a snap Read More...

  • GlobeNewswire2 months ago

    Targa Resources Corp. to Participate in Jefferies Global Energy Conference

    Targa Resources Corp. (TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the Jefferies Global Energy Conference on Wednesday, November 28, 2018 in Houston, Texas. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America.

  • Are Analysts Bullish on Targa Resources?
    Market Realist2 months ago

    Are Analysts Bullish on Targa Resources?

    On November 19, U.S. Capital Advisors raised its rating for Targa Resources (TRGP) to “overweight” from “hold.” However, U.S. Capital Advisors cut its target price for the stock from $61 to $59. Among the 22 Reuters-surveyed analysts covering Targa Resources, eight rated the stock as a “strong buy,” six rated it as a “buy,” and eight rated it as a “hold.”