Commodity Channel Index
|Bid||17.85 x 1000|
|Ask||18.16 x 900|
|Day's Range||17.33 - 18.33|
|52 Week Range||3.66 - 43.47|
|Beta (5Y Monthly)||3.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.40 (2.17%)|
|Ex-Dividend Date||Apr 30, 2020|
|1y Target Est||19.75|
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 https://www.targaresources.com/investors/events. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary midstream energy assets.
Crude oil was on fire today. WTI, the leading U.S. oil price benchmark, rose as much at 12.5% by 2:45 p.m. EDT on Monday and closed above $32 a barrel. Several soared more than 10%, including many midstream companies, known more for paying high-yielding dividends.
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 May 2020. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of $0.1875 per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for May 2020. This cash distribution will be paid June 15, 2020 on all outstanding Series A Preferred Units to holders of record as of the close of business on May 29, 2020.
Shares of offshore drilling specialist Transocean (NYSE: RIG), midstream operator Targa Resources (NYSE: TRGP), and oil and gas producer Ovintiv (NYSE: OVV) spent a large part of trading on May 12 up more than 10%. Transocean shares finished trading up 13.5%, while Targa and Ovintiv shares closed up around 8%. The last big news for any of the three came last week, when Targa Resources reported on May 7, reporting solid results and a big increase in adjusted EBITDA, helping reassure investors after having gutted its dividend earlier this year.
Ladies and gentlemen, thank you for standing by, and welcome to the Targa Resources First Quarter 2020 Earnings Conference Call. Good morning, and welcome to the First Quarter 2020 Earnings Call for Targa Resources Corp. The first quarter earnings release for Targa Resources, along with the first quarter earnings supplement presentation are available on the Investors section of our website at targaresources.com.
Does the May share price for Targa Resources Corp. (NYSE:TRGP) reflect what it's really worth? Today, we will estimate...
Shares of Targa Resources (NYSE: TRGP) surged 15% by 11:15 a.m. EDT on Thursday. Targa Resources delivered strong first-quarter results despite all the turbulence in the oil market during that period.
HOUSTON, May 07, 2020 -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported first quarter 2020 results. First Quarter 2020 Financial Results.
Targa Resources (TRGP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Targa Resources' (TRGP) infrastructure assets in the Permian shale play is expected to have placed it well for significant volume growth in the to-be-reported quarter.
HOUSTON, April 28, 2020 -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") will report its first quarter 2020 financial results before the market opens for.
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 with respect to the first quarter of 2020. TRC announced today that its board of directors has declared a quarterly cash dividend of $0.10 per common share, or $0.40 per common share on an annualized basis, for the first quarter of 2020. This cash dividend will be paid May 15, 2020 on all outstanding common shares to holders of record as of the close of business on May 1, 2020.
If you're interested in Targa Resources Corp. (NYSE:TRGP), then you might want to consider its beta (a measure of...
When oil and gas prices fall, the companies with the most to lose tend to be producers. Increasingly, so-called midstream companies are having to cut their budgets and dividends to keep on sound financial footing. On Monday, DCP Midstream (ticker: DCP), a company that operates natural gas processing facilities and pipelines, announced that it would cut its dividend in half “in response to extraordinary and volatile market conditions.”
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Targa is also reducing its estimated 2020 net growth capital expenditures to approximately $800 to $900 million from its previously communicated range of $1.2 billion to $1.3 billion, which represents a 32 percent reduction at the midpoint of both ranges. The vast majority of spending is for major ongoing growth capital projects where the capital is already predominantly spent. Targa is also working through numerous internal initiatives to respond to the current environment, including continuing to identify and implement significant cost reduction measures for other capital expenditures, and operating and general and administrative expenses.
Energy stocks are reacting to much lower projected levels of global demand for oil amid the coronavirus outbreak.
HOUSTON, March 02, 2020 -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) today announced it has completed the 2019 tax packages for the holders.