Top-Rated StocksTop-RatedTop-Rated Dividend StocksTop-Rated DividendPositive News SentimentPositive NewsNYSE:TRGP Targa Resources (TRGP) Stock Price, News & Analysis → Alex's 'Next Magnificent Seven' Stocks (From The Oxford Club) (Ad) Free TRGP Stock Alerts $116.72 +0.19 (+0.16%) (As of 06/4/2024 ET) Add Compare Share Share Today's Range$114.51▼$116.9750-Day Range$111.05▼$118.2352-Week Range$69.44▼$119.68Volume1.59 million shsAverage Volume1.65 million shsMarket Capitalization$25.88 billionP/E Ratio24.02Dividend Yield2.57%Price Target$121.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Targa Resources alerts: Email Address Targa Resources MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside4.1% Upside$121.50 Price TargetShort InterestHealthy1.92% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-7.39Upright™ Environmental ScoreNews Sentiment1.71Based on 6 Articles This WeekInsider TradingSelling Shares$3.69 M Sold Last QuarterProj. Earnings Growth30.77%From $5.33 to $6.97 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.76 out of 5 starsOils/Energy Sector11th out of 235 stocksNatural Gas Transmission Industry1st out of 17 stocks 2.5 Analyst's Opinion Consensus RatingTarga Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 12 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageTarga Resources has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Targa Resources' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.92% of the float of Targa Resources has been sold short.Short Interest Ratio / Days to CoverTarga Resources has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Targa Resources has recently decreased by 6.49%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldTarga Resources pays a meaningful dividend of 2.54%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTarga Resources has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Targa Resources is 61.73%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Targa Resources will have a dividend payout ratio of 43.04% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.Read more about Targa Resources' dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTarga Resources has received a -98.19% net impact score from Upright. The largest negative impact of Targa Resources in category "GHG emissions" seems to be driven mostly by its "LNG pipes", "Natural gas pipes", and "LNG terminals" products. See details.Environmental SustainabilityThe Environmental Impact score for Targa Resources is -7.39. Previous Next 3.2 News and Social Media Coverage News SentimentTarga Resources has a news sentiment score of 1.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Targa Resources this week, compared to 6 articles on an average week.Search InterestOnly 7 people have searched for TRGP on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.MarketBeat Follows12 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Targa Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,693,763.00 in company stock.Percentage Held by InsidersOnly 1.44% of the stock of Targa Resources is held by insiders.Percentage Held by Institutions92.13% of the stock of Targa Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Targa Resources' insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Targa Resources are expected to grow by 30.77% in the coming year, from $5.33 to $6.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Targa Resources is 24.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.73.Price to Earnings Ratio vs. SectorThe P/E ratio of Targa Resources is 24.02, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.80.Price to Earnings Growth RatioTarga Resources has a PEG Ratio of 0.69. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTarga Resources has a P/B Ratio of 5.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Targa Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad The Oxford ClubAlex's "Next Magnificent Seven" StocksToday Alex Green is releasing his new breakdown of AI's "Next Magnificent Seven." So please make some time to watch it.Watch Alex's "Next Magnificent Seven" presentation now. About Targa Resources Stock (NYSE:TRGP)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.Read More TRGP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRGP Stock News HeadlinesMay 15, 2024 | insidertrades.comTarga Resources Corp. (NYSE:TRGP) Insider Sells $2,262,600.00 in StockMay 14, 2024 | insidertrades.comInsider Selling: Targa Resources Corp. (NYSE:TRGP) Director Sells 3,000 Shares of StockMay 11, 2024 | insidertrades.comJulie H. Boushka Sells 2,691 Shares of Targa Resources Corp. (NYSE:TRGP) StockMay 26, 2024 | fool.comThis Little-Known Dividend Stock Is Crushing the S&P 500 This Year (and Could Have Plenty of Fuel to Continue Rising in 2025)May 24, 2024 | theglobeandmail.com2 Breakout Energy Stocks With More Room to RunMay 22, 2024 | markets.businessinsider.comBank of America Securities Reaffirms Their Buy Rating on Targa Resources (TRGP)May 20, 2024 | globenewswire.comTarga Resources Corp. to Participate in 21st Annual Energy Infrastructure CEO & Investor ConferenceMay 14, 2024 | finance.yahoo.comInsider Sale at Targa Resources Corp (TRGP): Director REDD ERSHEL C JR Sells 3,000 SharesMay 10, 2024 | finance.yahoo.comWe Think Targa Resources Corp.'s (NYSE:TRGP) CEO Compensation Looks FairMay 10, 2024 | finance.yahoo.comInsider Sale: Director Charles Crisp Sells 7,000 Shares of Targa Resources Corp (TRGP)May 3, 2024 | markets.businessinsider.comAnalysts Offer Insights on Energy Companies: Cheniere Energy (LNG) and Targa Resources (TRGP)May 3, 2024 | markets.businessinsider.comScotiabank Keeps Their Buy Rating on Targa Resources (TRGP)May 3, 2024 | finance.yahoo.comTarga Resources Corp. (NYSE:TRGP) Q1 2024 Earnings Call TranscriptMay 3, 2024 | finance.yahoo.comQ1 2024 Targa Resources Corp Earnings CallMay 3, 2024 | finance.yahoo.comTarga Resources Corp (TRGP) Q1 2024 Earnings Call Transcript Highlights: Record Performance ...May 3, 2024 | finance.yahoo.comTarga Resources First Quarter 2024 Earnings: Revenues Beat Expectations, EPS LagsMay 3, 2024 | finance.yahoo.comDecoding Targa Resources Corp (TRGP): A Strategic SWOT InsightMay 2, 2024 | investorplace.comTRGP Stock Earnings: Targa Resources Misses EPS, Beats Revenue for Q1 2024May 2, 2024 | finance.yahoo.comTarga to Proceed with Permian Basin Apex Pipeline After AllMay 2, 2024 | msn.comTarga Resources tops Q1 estimates as transport volumes hit quarterly recordMay 2, 2024 | finance.yahoo.comSector Update: Energy Stocks Edge Higher Pre-Bell ThursdayMay 2, 2024 | finance.yahoo.comTarga Resources Corp. (TRGP) Q1 2024 Earnings: A Detailed ReviewMay 2, 2024 | finance.yahoo.comTarga Resources beats first-quarter core profit estimates on higher transportation volumesMay 2, 2024 | investing.comTarga Resources reports mixed Q1 results, maintains 2024 guidanceMay 2, 2024 | globenewswire.comTarga Resources Corp. Reports First Quarter 2024 Financial ResultsSee More Headlines Receive TRGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 5/15 Dividend4/29/2024Last Earnings5/02/2024Dividend Payable5/15/2024Today6/04/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Natural gas transmission Sub-IndustryOil & Gas Storage & Transportation Current SymbolNYSE:TRGP CUSIP87612G10 CIK1389170 Webwww.targaresources.com Phone(713) 584-1000Fax713-584-1100Employees3,182Year FoundedN/APrice Target and Rating Average Stock Price Target$121.50 High Stock Price Target$130.00 Low Stock Price Target$108.00 Potential Upside/Downside+4.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$4.86 Trailing P/E Ratio24.02 Forward P/E Ratio21.90 P/E Growth0.69Net Income$828.20 million Net Margins6.86% Pretax Margin10.51% Return on Equity24.41% Return on Assets5.44% Debt Debt-to-Equity Ratio2.73 Current Ratio0.70 Quick Ratio0.62 Sales & Book Value Annual Sales$16.06 billion Price / Sales1.61 Cash Flow$9.65 per share Price / Cash Flow12.10 Book Value$20.67 per share Price / Book5.65Miscellaneous Outstanding Shares221,720,000Free Float218,524,000Market Cap$25.88 billion OptionableOptionable Beta2.21 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Matthew J. Meloy (Age 46)CEO & Director Comp: $3.33MMs. Jennifer R. Kneale (Age 44)Chief Financial Officer Comp: $1.73MMr. D. Scott Pryor (Age 61)President of Logistics & Transportation Comp: $1.46MMr. Patrick J. McDonie (Age 63)President of Gathering & Processing Comp: $1.46MMr. Robert M. Muraro (Age 47)Chief Commercial Officer Comp: $1.46MMs. Julie H. Boushka (Age 60)Senior VP & Chief Accounting Officer Mr. Sanjay LadVice President of Finance & Investor RelationsMr. Gerald R. Shrader (Age 64)Executive VP, General Counsel & Secretary Mr. Denny LathamExecutive VP of Permian & General PartnerMr. Joel ThomasSenior VP of Finance & TreasurerMore ExecutivesKey CompetitorsWilliams CompaniesNYSE:WMBKinder MorganNYSE:KMICheniere EnergyNYSE:LNGFrontlineNYSE:FROScorpio TankersNYSE:STNGView All CompetitorsInsiders & InstitutionsDekaBank Deutsche GirozentraleBought 11,098 shares on 6/4/2024Ownership: 0.028%Teachers Retirement System of The State of KentuckySold 1,003 shares on 5/28/2024Ownership: 0.008%Cetera Investment AdvisersBought 21,200 shares on 5/24/2024Ownership: 0.014%Cetera Advisors LLCBought 4,035 shares on 5/24/2024Ownership: 0.003%Burney Co.Sold 1,033 shares on 5/22/2024Ownership: 0.046%View All Insider TransactionsView All Institutional Transactions Should I Buy Targa Resources Stock? TRGP Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Targa Resources Corp.: 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. Recent developments in the company's Gathering and Processing segment have shown promising growth potential. The current stock price of Targa Resources Corp. is favorable for investors looking for potential value opportunities. Targa Resources Corp. has been actively expanding its presence in the midstream sector, which could lead to increased revenue streams. The company's focus on developing a diversified portfolio of assets provides stability and growth opportunities for investors. Cons Investors should be bearish about investing in Targa Resources Corp. for these reasons: Despite recent developments, there may still be uncertainties in the energy market that could impact Targa Resources Corp.'s performance. Fluctuations in commodity prices could affect the company's profitability and stock performance. Regulatory changes in the midstream sector could pose challenges for Targa Resources Corp.'s operations and growth prospects. Investors should consider the potential risks associated with investing in a company operating in the energy industry, which is subject to market volatility. Competitive pressures in the midstream sector could impact Targa Resources Corp.'s market position and financial performance. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Targa Resources pros and cons to contact@marketbeat.com. TRGP Stock Analysis - Frequently Asked Questions Should I buy or sell Targa Resources stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Targa Resources in the last twelve months. There are currently 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TRGP shares. View TRGP analyst ratings or view top-rated stocks. What is Targa Resources' stock price target for 2024? 12 Wall Street research analysts have issued 1-year target prices for Targa Resources' shares. Their TRGP share price targets range from $108.00 to $130.00. On average, they anticipate the company's share price to reach $121.50 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price. View analysts price targets for TRGP or view top-rated stocks among Wall Street analysts. How have TRGP shares performed in 2024? Targa Resources' stock was trading at $86.87 at the beginning of the year. Since then, TRGP stock has increased by 34.4% and is now trading at $116.72. View the best growth stocks for 2024 here. When is Targa Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our TRGP earnings forecast. How were Targa Resources' earnings last quarter? Targa Resources Corp. (NYSE:TRGP) posted its earnings results on Thursday, May, 2nd. The pipeline company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by $0.13. The pipeline company earned $4.56 billion during the quarter, compared to analysts' expectations of $4.28 billion. Targa Resources had a trailing twelve-month return on equity of 24.41% and a net margin of 6.86%. How often does Targa Resources pay dividends? What is the dividend yield for Targa Resources? Targa Resources declared a quarterly dividend on Thursday, April 11th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.75 per share on Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Monday, April 29th. This is an increase from the stock's previous quarterly dividend of $0.50. Read our dividend analysis for TRGP. Is Targa Resources a good dividend stock? Targa Resources (NYSE:TRGP) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.54%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 61.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRGP will have a dividend payout ratio of 43.04% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TRGP. What ETFs hold Targa Resources' stock? ETFs with the largest weight of Targa Resources (NYSE:TRGP) stock in their portfolio include USCF Midstream Energy Income Fund (UMI), Goldman Sachs ETF Trust Goldman (GPOW), Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX), Invesco S&P 500 Equal Weight Energy ETF (RSPG), VanEck Energy Income ETF (EINC), Invesco S&P 500 Equal Weight Energy ETF (RYE) and Pacer American Energy Independence ETF (USAI). What is Joe Bob Perkins' approval rating as Targa Resources' CEO? 22 employees have rated Targa Resources Chief Executive Officer Joe Bob Perkins on Glassdoor.com. Joe Bob Perkins has an approval rating of 92% among the company's employees. This puts Joe Bob Perkins in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Targa Resources own? Based on aggregate information from My MarketBeat watchlists, some companies that other Targa Resources investors own include Energy Transfer (ET), Government Properties Income Trust (GOV), Esperion Therapeutics (ESPR), Enterprise Products Partners (EPD), AT&T (T), Targa Resources Partners (NGLS.PA), Phillips 66 (PSX), New Residential Investment (NRZ), ALDW (ALDW) and Intel (INTC). Who are Targa Resources' major shareholders? Targa Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.18%), Blackstone Inc. (4.37%), Kayne Anderson Capital Advisors LP (1.22%), Chickasaw Capital Management LLC (1.00%), Jennison Associates LLC (0.90%) and Bank of New York Mellon Corp (0.78%). Insiders that own company stock include Charles R Crisp, D Scott Pryor, Ershel C Redd Jr, G Clark White, Jennifer R Kneale, Joe Bob Perkins, Julie H Boushka, Paul W Chung, Regina Gregory, Rene R Joyce and Robert Muraro. View institutional ownership trends. How do I buy shares of Targa Resources? Shares of TRGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:TRGP) was last updated on 6/4/2024 by MarketBeat.com Staff From Our PartnersWas the Great Financial Crisis fun?The Great Financial Crisis, which actually started in the summer of 2007 and did not end until March of 2009, ...Brooks Enterprises| SponsoredAlex's "Next Magnificent Seven" StocksToday Alex Green is releasing his new breakdown of AI's "Next Magnificent Seven." 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