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Targa Resources Corp. (TRGP)

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155.50 +2.26 (+1.47%)
At close: 4:00 PM EDT
153.00 -2.50 (-1.61%)
After hours: 6:14 PM EDT
Loading Chart for TRGP
DELL
  • Previous Close 153.24
  • Open 154.60
  • Bid 153.00 x 800
  • Ask 157.68 x 1400
  • Day's Range 153.12 - 156.18
  • 52 Week Range 77.97 - 157.68
  • Volume 1,026,758
  • Avg. Volume 1,662,701
  • Market Cap (intraday) 34.067B
  • Beta (5Y Monthly) 2.25
  • PE Ratio (TTM) 32.74
  • EPS (TTM) 4.75
  • Earnings Date Oct 31, 2024 - Nov 4, 2024
  • Forward Dividend & Yield 3.00 (1.96%)
  • Ex-Dividend Date Jul 31, 2024
  • 1y Target Est 155.28

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

www.targaresources.com

3,182

Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News: TRGP

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Performance Overview: TRGP

Trailing total returns as of 10/3/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

TRGP
82.23%
S&P 500
19.50%

1-Year Return

TRGP
90.87%
S&P 500
32.92%

3-Year Return

TRGP
226.66%
S&P 500
30.82%

5-Year Return

TRGP
359.88%
S&P 500
97.39%

Compare To: TRGP

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Statistics: TRGP

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Valuation Measures

Annual
As of 10/2/2024
  • Market Cap

    33.57B

  • Enterprise Value

    47.05B

  • Trailing P/E

    32.26

  • Forward P/E

    21.01

  • PEG Ratio (5yr expected)

    1.10

  • Price/Sales (ttm)

    2.11

  • Price/Book (mrq)

    13.61

  • Enterprise Value/Revenue

    2.89

  • Enterprise Value/EBITDA

    12.44

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    6.72%

  • Return on Assets (ttm)

    7.39%

  • Return on Equity (ttm)

    29.88%

  • Revenue (ttm)

    16.26B

  • Net Income Avi to Common (ttm)

    1.06B

  • Diluted EPS (ttm)

    4.75

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    166.4M

  • Total Debt/Equity (mrq)

    313.79%

  • Levered Free Cash Flow (ttm)

    155.08M

Research Analysis: TRGP

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 3.56B
Earnings 298.5M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

138.00 Low
155.28 Average
155.50 Current
182.00 High
 

Company Insights: TRGP

Research Reports: TRGP

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  • Targa Is Executing Well After a String of Solid Deals

    Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

    Rating
    Price Target
     
  • Targa Is Executing Well After a String of Solid Deals

    Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

    Rating
    Price Target
     
  • Targa Is Executing Well After a String of Solid Deals

    Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

    Rating
    Price Target
     
  • Targa Is Executing Well After a String of Solid Deals

    Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

    Rating
    Price Target
     

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