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Targa Resources (TRGP)
NYSE:TRGP
Targa Resources (TRGP) Stock Price & Analysis
817 Followers
TRGP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$65.73 - $117.34
Previous Close$114.43
Volume1.51M
Average Volume (3M)1.72M
Market Cap
$25.37B
Enterprise Value$39.43B
Total Cash (Recent Filing)$141.70M
Total Debt (Recent Filing)$12.33B
Price to Earnings (P/E)23.5
Beta0.80
Next Earnings
Aug 01, 2024EPS Estimate
$1.26Last Dividend Ex-Date
Apr 29, 2024Dividend Yield1.97%
Share Statistics
EPS (TTM)4.87
Shares Outstanding221,716,505
10 Day Avg. Volume1,480,131
30 Day Avg. Volume1,723,173
Standard Deviation0.19
R-Squared0.38
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)64.34
Price to Sales (P/S)5.98
Price to Cash Flow (P/CF)6.50
P/FCF Ratio26.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.62
Enterprise Value/Gross Profit7.32
Enterprise Value/Ebitda12.00
Forecast
1Y Price Target
$124.50Price Target Upside7.72% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Targa Resources News
PremiumCompany Announcements
Targa Resources Emphasizes Commitment to Transparency
Bulls Say, Bears Say
Bulls Say
Expansion And GrowthTarga Resources announced the construction of another processing plant and a new Train 11 Frac, indicating growth and expansion.
Financial ResilienceTarga Resources underlined its commitment to maintaining/growing its Free Cash Flow with two large project announcements on unchanged capex guidance.
Market ConfidenceTRGP repurchased a significant amount of equity, suggesting confidence in the company's value.
Bears Say
Capital ExpendituresHigher than expected capital expenditures for 2024 may affect the short-term cash position.
Financial GuidanceTRGP did not provide a FY25 adjusted EBITDA marker, which might lead to uncertainty about the performance expectations for that year.
Financial PerformanceSequentially lower EBITDA reflects management’s expectation of a weather impact on volumes and increased opex.
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Ownership Overview
11.20% Insiders
29.35% Mutual Funds
42.62% Other Institutional Investors
16.82% 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 $65.73 and its highest was $117.34 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 Aug 01, 2024 which is in 77 days.
How were Targa Resources’s earnings last quarter?
Targa Resources released its earnings results on May 02, 2024. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.312 by -$0.072.
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 1.97%. See more information on Targa Resources dividends here
What is Targa Resources’s EPS estimate?
Targa Resources’s EPS estimate is $1.26.
How many shares outstanding does Targa Resources have?
Targa Resources has 221,716,500 shares outstanding.
What happened to Targa Resources’s price movement after its last earnings report?
Targa Resources reported an EPS of $1.24 in its last earnings report, missing expectations of $1.312. Following the earnings report the stock price went up 0.516%.
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 820M.
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Targa Resources Stock Smart Score
Outperform
1
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5
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7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$124.50 (7.72% Upside)
$124.50 (7.72% Upside)
Blogger Sentiment
Bullish
TRGP Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 3.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $18.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 0.1%
Last 30 Days ▲ 0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
67.77%
12-Months-Change
Fundamentals
Return on Equity
41.65%
Trailing 12-Months
Asset Growth
9.57%
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
Q1 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
$124.50
▲(7.72% Upside)
Technical Analysis
Best Analysts Covering TRGP
1 Year
1 Year Success Rate
24/25 ratings generated profit
1 Year Average Return
+30.88%
reiterated a buy rating 10 days ago
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