TRGP - Targa Resources Corp.

NYSE - Nasdaq Real Time Price. Currency in USD
47.44
+0.04 (+0.08%)
As of 12:43PM EDT. Market open.
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Previous Close47.40
Open46.82
Bid47.34 x 4000
Ask47.34 x 900
Day's Range46.68 - 47.46
52 Week Range39.59 - 52.08
Volume724,782
Avg. Volume2,147,606
Market Cap10.412B
Beta2.07
PE Ratio (TTM)131.78
EPS (TTM)0.36
Earnings DateAug 1, 2018 - Aug 6, 2018
Forward Dividend & Yield3.64 (7.82%)
Ex-Dividend Date2018-04-30
1y Target Est53.65
Trade prices are not sourced from all markets
  • GlobeNewswire19 hours ago

    Targa Resources Corp. to Present at the J.P. Morgan Energy Conference

    Targa Resources Corp. (TRGP) ("Targa" or the "Company") announced today that Joe Bob Perkins, Chief Executive Officer, will present at the J.P. Morgan Energy Conference in New York City at 9:20 a.m. Eastern Time (8:20 a.m. Central Time) on Wednesday, June 20, 2018. Representatives from the Company will also participate in investor meetings on Tuesday, June 19 and Wednesday, June 20 at the conference. The webcast and related presentation material can be accessed live through the Events and Presentations section of the Company's website at www.targaresources.com, or by going to http://ir.targaresources.com/trc/events.cfm.

  • GlobeNewswire4 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 June 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 June 2018. This cash distribution will be paid July 16, 2018 on all outstanding Series A Preferred Units to holders of record as of the close of business on June 29, 2018.

  • GlobeNewswire4 days ago

    Targa NGL Pipeline Company Launches Open Season

    Targa Resources Corp. (TRGP) ("Targa" or the "Company") announced today that Targa NGL Pipeline Company LLC, a wholly owned subsidiary of the Company, has launched an open season commencing June 15, 2018 and closing July 6, 2018 to gauge shipper interest in firm interstate transportation service for natural gas liquids (“NGLs”) from Coal and Hughes Counties, Oklahoma to Mont Belvieu, Texas. This open season will provide an opportunity for shippers to secure firm capacity for NGL transportation for the term of their transportation service agreements (“TSAs”).

  • Targa Resources: 58% of the Analysts Have a ‘Buy’ Rating
    Market Realist4 days ago

    Targa Resources: 58% of the Analysts Have a ‘Buy’ Rating

    Of the analysts surveyed by Reuters, 58% of the analysts rate Targa Resources (TRGP) stock as a “buy,” while 42% rate it as a “hold.” The mean target price for Targa Resources provided by the surveyed analysts is $53.6. The mean target price implies an upside of 12% in a year from Targa Resources’ current price of $47.93.

  • 3 Permian Basin Stocks Poised to Profit From the Region’s Fast-Paced Growth
    Motley Fool5 days ago

    3 Permian Basin Stocks Poised to Profit From the Region’s Fast-Paced Growth

    With oil production in the Permian on pace to double, it’s fueling big-time growth for these companies.

  • Targa Resources: Analyzing the Short Interest
    Market Realist5 days ago

    Targa Resources: Analyzing the Short Interest

    The short interest in Targa Resources (TRGP) as a percentage of its float is 5.34%—marginally higher than 5.27% in mid-May. According to data on June 11, Targa Resources had 11.5 million shares shorted on May 31, which represents a 1.4% rise from 11.3 million shares shorted on May 15. Targa Resources’ short interest percentage is higher than its five-year average of 4.3%.

  • Targa Resources Is Trading above a 7% Yield
    Market Realist5 days ago

    Targa Resources Is Trading above a 7% Yield

    Currently, Targa Resources (TRGP) is trading at a yield of 7.2%—higher than most of its midstream peers. Enterprise Products Partners (EPD), Williams Companies (WMB), Kinder Morgan (KMI), and ONEOK (OKE) are trading at yields of 5.8%, 5.1%, 4.7%, and 4.6%, respectively. The Alerian MLP Index yields ~7.8%.

  • Will Targa Resources Regain Upward Momentum?
    Market Realist5 days ago

    Will Targa Resources Regain Upward Momentum?

    So far, Targa Resources (TRGP) stock has fallen nearly 2% in 2018. In comparison, Kinder Morgan (KMI) has fallen 11%, ONEOK (OKE) has risen 26%, and Enterprise Products Partners (EPD) has risen 7% in 2018. The Energy Select Sector SPDR ETF (XLE) has risen 4% YTD (year-to-date). Targa Resources has underperformed ONEOK, Enterprise Products Partners, and XLE YTD.

  • Benzinga7 days ago

    Barclays Downgrades Targa, DCP Midstream On Decelerating Permian Volumes; Enable Midstream Upgraded

    Analyst Christine Cho downgraded shares of Targa Resources Corp (NYSE: TRGP) from Overweight to Equal-weight and lowered the price target from $57 to $52. Cho also downgraded DCP Midstream LP (NYSE: DCP) from Equal-weight to Underweight and reduced the price target from $46 to $39.

  • ACCESSWIRE12 days ago

    Initiating Free Research Reports on Targa Resources and Three Other Oil & Gas Pipelines Equities

    LONDON, UK / ACCESSWIRE / June 7, 2018 / If you want a free Stock Review on TRGP sign up now at www.wallstequities.com/registration. Gains were broad based as eight out of nine sectors finished the trading session in green. WallStEquities.com has initiated research reports on the following Oil & Gas Pipelines stocks: Shell Midstream Partners L.P. (NYSE: SHLX), Spectra Energy Partners LP (NYSE: SEP), Tallgrass Energy GP LP (NYSE: TEGP), and Targa Resources Corp. (NYSE: TRGP).

  • OKE Saw Most Buying by Institutional Investors among Peers
    Market Realist13 days ago

    OKE Saw Most Buying by Institutional Investors among Peers

    Capital Research Global Investors added a major position in ONEOK (OKE) during the first quarter. It bought 7.2 million shares of OKE valued at $412.4 million. BlackRock Institutional Trust Company was the second biggest institutional buyer in the c corp. It bought 3.1 million shares of OKE. Among the top ten institutional investors in OKE, 14.4 million positions were added. The Vanguard Group continues to be the largest holder in OKE with an addition of 2.9 million positions during the quarter. It currently holds 10.7% in the C corporation.

  • WES, DCP, OKE, TRGP: What Do Technical Indicators Hint?
    Market Realist14 days ago

    WES, DCP, OKE, TRGP: What Do Technical Indicators Hint?

    All four peers including DCP Midstream (DCP), Western Gas Partners (WES), ONEOK (OKE), and Targa Resources (TRGP) continue to trade above their long-term 200-day moving averages as of May 29. TRGP recently went below its short-term 50-day moving average, which might indicate a negative sentiment in TRGP stock.

  • Why OKE Has the Lowest Distribution Yield among Peers
    Market Realist14 days ago

    Why OKE Has the Lowest Distribution Yield among Peers

    ONEOK (OKE) has the lowest distribution yield of 4.8% among selected peers, which could be attributed to the partnership’s strong distribution growth guidance supported by its strong earnings growth potential and impressive distribution coverage.

  • WES, OKE, DCP, TRGP: How Their Leverage Positions Stack Up
    Market Realist15 days ago

    WES, OKE, DCP, TRGP: How Their Leverage Positions Stack Up

    DCP Midstream (DCP) and Targa Resources (TRGP) saw slight increases in their leverage during the first quarter of 2018 compared to the previous quarter. On the other hand, ONEOK (OKE) saw a slight improvement in its leverage position due to a significant improvement in OKE’s earnings.

  • DCP, TRGP, WES, and OKE: How Do Throughput Volumes Stack Up?
    Market Realist15 days ago

    DCP, TRGP, WES, and OKE: How Do Throughput Volumes Stack Up?

    The Permian region, which is currently the most prolific basin in the US, continues to experience strong drilling activity. According to Baker Hughes (BHI), the rig count in the region increased to 478 as of May 25 compared to 443 by the end of the first quarter, which represents an increase of 35 rigs. Moreover, the Permian region currently has the most DUCs (drilled but uncompleted wells).

  • Gathering and Processing Midstream Players Are Outperforming AMLP
    Market Realist18 days ago

    Gathering and Processing Midstream Players Are Outperforming AMLP

    In this series, we’ll do a comparative analysis of four mid-to-large-sized G&P midstream companies. The four companies we’ve chosen include DCP Midstream (DCP), Western Gas Partners (WES), ONEOK (OKE), and Targa Resources (TRGP). We’ll try to find out whether these midstream companies can gain upward momentum amid a strong crude oil outlook and increase in US drilling activity. Let’s start with an analysis of their recent market performance.

  • Short Interest in Enterprise Products Partners Falls
    Market Realist19 days ago

    Short Interest in Enterprise Products Partners Falls

    Short interest in Enterprise Products Partners (EPD) as a percentage of its float is 0.6%, lower than its percentage of 0.7% at the end of April. According to May 24 data, Enterprise Products Partners had 9.1 million shares shorted on May 15, representing a 15.7% fall from its 10.1 million shares shorted on April 30. Enterprise Products Partners’ short interest percentage is lower than its five-year average of 1.2%.

  • Why the Short Interest in Kinder Morgan Fell in May
    Market Realist21 days ago

    Why the Short Interest in Kinder Morgan Fell in May

    The short interest in Kinder Morgan (KMI) as a percentage of its float is 2.5%, which is lower than the short interest of 2.7% at the end of April. According to data released on May 24, the total number of Kinder Morgan shares shorted was 47.9 million on May 15, which is 8.4% lower than 52.3 million shares shorted on April 30. The current short interest in Kinder Morgan as a percentage of its float is lower than the five-year average of 3.3%.

  • Sanchez Midstream & Targa Expand JV, Eye Eagle Ford Growth
    Zacks25 days ago

    Sanchez Midstream & Targa Expand JV, Eye Eagle Ford Growth

    Sanchez Midstream (SNMP) expects the JV expansion to enable it process its Comanche volumes smoothly.

  • ACCESSWIRE25 days ago

    Blog Exposure - Sanchez Midstream Partners’ Expanded Joint Venture with Targa Resources in South Texas

    LONDON, UK / ACCESSWIRE / May 25, 2018 / If you want access to our free research report on Sanchez Midstream Partners L.P. (NYSE: SNMP), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SNMP as the Company's latest news hit the wire. On May 23, 2018, the Company announced that it has signed a deal with Targa Resources Corp. (NYSE: TRGP) (''Targa''), pursuant to which both parties have merged their respective 50% interests in the entities that own the high pressure Carnero Gathering Line and Raptor Gas Processing Facility to form an expanded 50/50 joint venture (JV) in South Texas.

  • GlobeNewswire27 days ago

    Sanchez Midstream Partners Announces Expansion of Midstream Joint Venture with Targa Resources in South Texas

    Sanchez Midstream Partners LP (NYSE American:SNMP) (“SNMP” or the “Partnership”) today announced that the Partnership has executed a series of agreements with Targa Resources Corp. (“Targa”) (TRGP) pursuant to which the parties have merged their respective 50 percent interests in the entities that own the high pressure Carnero Gathering Line and Raptor Gas Processing Facility to form an expanded 50/50 joint venture in South Texas (the “Carnero JV”).

  • What Did Institutional Investors Do with Their Positions in EPD?
    Market Realist29 days ago

    What Did Institutional Investors Do with Their Positions in EPD?

    The number of institutional holders in Enterprise Products Partners (EPD) fell to 1,063 by the end of the first quarter compared to 1,069 in the previous quarter.

  • 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 May 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 May 2018. This cash distribution will be paid June 15, 2018 on all outstanding Series A Preferred Units to holders of record as of the close of business on May 31, 2018.

  • ACCESSWIRElast month

    Today’s Free Research Report Coverage on Targa Resources and Three More Oil & Gas Stocks

    LONDON, UK / ACCESSWIRE / May 16, 2018 / If you want a free Stock Review on TRGP sign up now at www.wallstequities.com/registration. On Tuesday, shares in Houston, Texas-based Spectra Energy Partners L.P. recorded a trading volume of 492,781 shares.

  • Why the Trans Mountain Expansion Is Key for Kinder Morgan
    Market Realistlast month

    Why the Trans Mountain Expansion Is Key for Kinder Morgan

    Kinder Morgan (KMI) has a capital project backlog of $12 billion over five years, largely consisting of projects for which Kinder Morgan has secured commercial contracts. Notably, $5.7 billion (48%) of this $12 billion relates to Kinder Morgan Canada’s Trans Mountain expansion project.