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Targa Resources (TRGP)
NYSE:TRGP
Holding TRGP?
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TRGP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$77.97 - $154.87
Previous Close$152.83
Volume4.28M
Average Volume (3M)1.66M
Market Cap
$33.48B
Enterprise Value$48.16B
Total Cash (Recent Filing)$166.40M
Total Debt (Recent Filing)$12.97B
Price to Earnings (P/E)32.0
Beta0.66
Next Earnings
Oct 31, 2024EPS Estimate
$1.54Last Dividend Ex-Date
Jul 31, 2024Dividend Yield1.64%
Share Statistics
EPS (TTM)4.77
Shares Outstanding219,079,714
10 Day Avg. Volume1,858,943
30 Day Avg. Volume1,657,750
Standard Deviation0.19
R-Squared0.38
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)13.57
Price to Sales (P/S)2.06
Price to Cash Flow (P/CF)9.30
P/FCF Ratio9.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.96
Enterprise Value/Gross Profit11.88
Enterprise Value/Ebitda9.13
Forecast
1Y Price Target
$149.62Price Target Upside-2.10% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering14
Targa Resources News
Bulls Say, Bears Say
Bulls Say
Capital AllocationTRGP's impressive performance signals investor willingness to ascribe it a more robust valuation following the successful roll-out of its capital allocation framework.
Financial PerformanceTRGP delivered a beat with adjusted EBITDA higher than estimated, indicating strong financial performance.
Growth ProspectsTRGP's multi-year growth outlook is even more of a catalyst than investors originally anticipated.
Bears Say
EarningsSlight sequential decrease in earnings expected due to January weather impacts as per management's guidance.
Financial Performance2Q24 EBITDA commentary was softer on marketing seasonality, opex, and commodity realizations.
Operational ChallengesGas egress constraints in the Permian and weak Waha basis could impact future results.
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Ownership Overview
11.26% Insiders
31.65% Mutual Funds
48.96% Other Institutional Investors
8.13% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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TRGP FAQ
What was Targa Resources’s price range in the past 12 months?
Targa Resources lowest stock price was $77.97 and its highest was $154.87 in the past 12 months.
What is Targa Resources’s market cap?
Currently, no data Available
When is Targa Resources’s upcoming earnings report date?
Targa Resources’s upcoming earnings report date is Oct 31, 2024 which is 9 days ago.
How were Targa Resources’s earnings last quarter?
Targa Resources released its earnings results on Aug 01, 2024. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.283 by $0.067.
Is Targa Resources overvalued?
According to Wall Street analysts Targa Resources’s price is currently Overvalued.
Does Targa Resources pay dividends?
Targa Resources pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.64%. See more information on Targa Resources dividends here
What is Targa Resources’s EPS estimate?
Targa Resources’s EPS estimate is $1.54.
How many shares outstanding does Targa Resources have?
Targa Resources has 219,079,710 shares outstanding.
What happened to Targa Resources’s price movement after its last earnings report?
Targa Resources reported an EPS of $1.35 in its last earnings report, beating expectations of $1.283. Following the earnings report the stock price went up 0.606%.
Which hedge fund is a major shareholder of Targa Resources?
Among the largest hedge funds holding Targa Resources’s share is Blackstone Inc.. It holds Targa Resources’s shares valued at 990M.
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Targa Resources Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$149.62 (-2.10% Downside)
$149.62 (-2.10% Downside)
Blogger Sentiment
Bullish
TRGP Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $11.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 4.1%
Last 30 Days ▲ 4.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
83.20%
12-Months-Change
Fundamentals
Return on Equity
41.41%
Trailing 12-Months
Asset Growth
9.26%
Trailing 12-Months
Company Description
Targa Resources
Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities; and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value added services such as storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters; storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005 and is headquartered in Houston, TX.
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TRGP Company Deck
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TRGP Earnings Call
Q2 2024
0:00 / 0:00
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TRGP Revenue Breakdown
83.08% Logistics and Transportation
15.21% Gathering and Processing
1.72% Other
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TRGP Stock 12 Month Forecast
Average Price Target
$149.62
▼(-2.10% Downside)
Technical Analysis
Best Analysts Covering TRGP
1 Year
1 Year Success Rate
17/17 ratings generated profit
1 Year Average Return
+46.05%
reiterated a buy rating 2 months ago
Copying Robert Kad's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +46.05% per trade.
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