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Targa Resources (TRGP)
NYSE:TRGP
TRGP Stock Chart & Stats
Day’s Range― - ―
52-Week Range$93.49 - $218.51
Previous CloseN/A
Volume271.93K
Average Volume (3M)1.43M
Market Cap
$44.78B
Enterprise Value$48.58B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)37.0
Beta0.85
Next Earnings
Feb 20, 2025EPS Estimate
1.93Last Dividend Ex-Date
Jan 31, 2025Dividend Yield1.46%
Share Statistics
EPS (TTM)5.55
Shares Outstanding218,063,400
10 Day Avg. Volume1,231,010
30 Day Avg. Volume1,429,275
Standard Deviation0.19
R-Squared0.40
Alpha0.03
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.76
Price to Cash Flow (P/CF)20.70
P/FCF Ratio0.00
Enterprise Value/Market Cap1.08
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit11.98
Enterprise Value/Ebitda12.07
Forecast
1Y Price Target
$222.08Price Target Upside6.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
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Bulls Say, Bears Say
Bulls Say
Financial PerformanceTRGP reported record adjusted EBITDA and now expects FY24 results to surpass the high end of its guidance range.
Shareholder ReturnsTRGP repurchased $168 million of equity and will raise its dividend per share to $4.00 in FY25, indicating strong capital returns.
Bears Say
Cash Flow ConcernsFree cash flow after dividend was negative, contrasting with the positive consensus expectations.
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Ownership Overview
1.57% Insiders
30.27% Mutual Funds
19.35% Other Institutional Investors
20.22% 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 $93.49 and its highest was $218.51 in the past 12 months.
What is Targa Resources’s market cap?
Targa Resources’s market cap is $44.78B.
When is Targa Resources’s upcoming earnings report date?
Targa Resources’s upcoming earnings report date is Feb 20, 2025 which is today.
How were Targa Resources’s earnings last quarter?
Targa Resources released its earnings results on Nov 05, 2024. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.562 by $0.198.
Is Targa Resources overvalued?
According to Wall Street analysts Targa Resources’s price is currently Undervalued.
Does Targa Resources pay dividends?
Targa Resources pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.46%. See more information on Targa Resources dividends here
What is Targa Resources’s EPS estimate?
Targa Resources’s EPS estimate is 1.93.
How many shares outstanding does Targa Resources have?
Targa Resources has 218,063,400 shares outstanding.
What happened to Targa Resources’s price movement after its last earnings report?
Targa Resources reported an EPS of $1.76 in its last earnings report, beating expectations of $1.562. Following the earnings report the stock price went up 4.846%.
Which hedge fund is a major shareholder of Targa Resources?
Currently, no hedge funds are holding shares in TRGP
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Targa Resources Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$222.08 (6.03% Upside)
$222.08 (6.03% Upside)
Blogger Sentiment
Bullish
TRGP Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 6.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $10.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 4.4%
Last 30 Days ▲ 4.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
120.47%
12-Months-Change
Fundamentals
Return on Equity
48.48%
Trailing 12-Months
Asset Growth
8.49%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted Targa Resources' strong financial performance with record volumes and adjusted EBITDA. The company has a robust growth outlook, supported by strategic investments and a strong balance sheet. While there were some operational challenges impacting LPG exports, the overall sentiment is positive due to significant growth in the Permian and increased shareholder returns.Read More>---
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
$222.08
▲(6.03% Upside)
Technical Analysis
Best Analysts Covering TRGP
1 Year
1 Year Success Rate
19/19 ratings generated profit
1 Year Average Return
+52.18%
reiterated a buy rating 4 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 +52.18% per trade.
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