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TRGP - Targa Resources Share Price

$32.28 0.1  0.3%

Last Trade - 03/03/21

Sector
Energy
Size
Large Cap
Market Cap £5.27bn
Enterprise Value £12.54bn
Revenue £5.92bn
Position in Universe 1107th / 6643
Bullish
Bearish
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Momentum
Relative Strength (%)
1m +13.7%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -5.91%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
6,659 6,691 8,815 10,484 8,671 8,260 8,692 9,538 +4.4%
+68.4 +77.7 +26.9
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the fiscal year ended 31 December 2020, TargaResources Corp revenues decreased 5% to $8.26B. Net lossapplicable to common stockholders increased from $334M to$1.68B. Revenues reflect Gathering and processing segmentdecrease of 37% to $1.15B, Logistics and Transportationsegment decrease of 1% to $6.88B. Dividend per sharedecreased from $3.64 to $1.21.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for TRGP
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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EPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
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Profile Summary

Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products. The Gathering and Processing segment consists of gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas and gathering crude oil. The Logistics and Marketing segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain services, such as storing, fractionating, terminalling, transporting and marketing of NGLs and NGL products.

Directors
Last Annual December 31st, 2020
Last Interim December 31st, 2020
Incorporated October 27, 2005
Public Since December 7, 2010
No. of Shareholders: 207
No. of Employees: 2,372
Sector Energy
Industry Oil & Gas Related Equipment and Services
Index
Exchange New York Stock Exchange
Shares in Issue 228,654,246
Free Float (0.0%)
Eligible for
ISAs
SIPPs
TRGP Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for TRGP
Upcoming Events for TRGP
Wednesday 5th May, 2021 Estimate
Q1 2021 Targa Resources Corp Earnings Release
Frequently Asked Questions for Targa Resources
What is the Targa Resources share price?

As of 03/03/21, shares in Targa Resources are trading at $32.28, giving the company a market capitalisation of £5.27bn. This share price information is delayed by 15 minutes.

How has the Targa Resources share price performed this year?

Shares in Targa Resources are currently trading at $32.28 and the price has moved by -5.13% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Targa Resources price has moved by -26.98% over the past year.

What are the analyst and broker recommendations for Targa Resources?

Of the analysts with advisory recommendations for Targa Resources, there are there are currently 5 "buy" , 8 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Targa Resources is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Targa Resources next release its financial results?

Targa Resources is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-12-31
What is the Targa Resources dividend yield?

The Targa Resources dividend yield is 3.76% based on the trailing twelve month period.

Does Targa Resources pay a dividend?

Last year, Targa Resources paid a total dividend of 1.21, and it currently has a trailing dividend yield of 3.76%. Looking ahead, Targa Resources has not announced an ex-dividend date yet.

When does Targa Resources next pay dividends?

Targa Resources has yet to annouce their ex-dividend date. The historic dividend yield on Targa Resources shares is currently 3.76%.

How do I buy Targa Resources shares?

To buy shares in Targa Resources you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Targa Resources?

Shares in Targa Resources are currently trading at $32.28, giving the company a market capitalisation of £5.27bn.

Where are Targa Resources shares listed? Where are Targa Resources shares listed?

Here are the trading details for Targa Resources:

Country of listing: United States
Exchange: NYQ
Ticker Symbol: TRGP
What kind of share is Targa Resources?

Based on an overall assessment of its quality, value and momentum, Targa Resources is currently classified as a Turnaround. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Targa Resources share price forecast 2021?

Shares in Targa Resources are currently priced at $32.28. At that level they are trading at 24.37% premium to the analyst consensus target price of 0.00.

Analysts covering Targa Resources currently have a consensus Earnings Per Share (EPS) forecast of 0.668 for the next financial year.

How can I tell whether the Targa Resources share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Targa Resources. Over the past six months, the relative strength of its shares against the market has been 71.66%. At the current price of $32.28, shares in Targa Resources are trading at 49.07% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Targa Resources PE Ratio?

The Targa Resources PE ratio based on its reported earnings over the past 12 months is 85.57. The shares are currently trading at $32.28.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Targa Resources?

Targa Resources's management team is headed by:

Joe Perkins - DRC
James Whalen - DRC
Matthew Meloy - CEO
Paul Chung - CHM
Charles Crisp - IND
D. Scott Pryor - CEX
Patrick McDonie - CEX
Clark White - EVP
Robert Muraro - OTH
Jennifer Kneale - CFO
Beth Bowman - IND
Julie Boushka - SVP
Lindsey Cooksen - DRC
Who are the major shareholders of Targa Resources?

Here are the top five shareholders of Targa Resources based on the size of their shareholding:

The Vanguard Group, Inc. Investment Advisor/Hedge Fund
Percentage owned: 10.17% (23.3m shares)
Harvest Fund Advisors LLC Investment Advisor/Hedge Fund
Percentage owned: 4.87% (11.1m shares)
BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 4.2% (9.60m shares)
Tortoise Capital Advisors, LLC Investment Advisor
Percentage owned: 4.14% (9.46m shares)
T. Rowe Price Associates, Inc. Investment Advisor
Percentage owned: 3.41% (7.79m shares)
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