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Targa Resources Inc (TRGP)

NYSE
Currency in USD
190.48
+2.69(+1.43%)
Real-time Data
TRGP Scorecard
Full Analysis
Has raised its dividend for 3 consecutive years
Trading near 52-week High
Fair Value
Day's Range
188.47191.09
52 wk Range
81.03191.09
Prev. Close
187.79
Open
188.62
Day's Range
188.47-191.09
52 wk Range
81.03-191.09
Volume
795,281
Average Vol. (3m)
1,707,446
1-Year Change
125.22%
Book Value / Share
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Fair Value
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Fair Value Upside
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TRGP Scorecardpro icon
Company’s Health
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Fair Value
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Price Target
177.88
Downside
-6.79%
Members' Sentiments
Bearish
Bullish
ProTips
2 analysts have revised their earnings upwards for the upcoming period
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Targa Resources Inc Company Profile

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.

InvestingPro Research for Targa Resources Inc


Industry Dynamics
Delve into how TRGP aligns with industry trends, including increased natural gas demand for AI and data centers, positioning itself for long-term value creation
Financial Outlook
Analysts project a shift to positive free cash flow by 2025, with price targets ranging from $128 to $202, signaling potential for increased shareholder returns
Strategic Expansion
Explore TRGP's multifaceted growth strategy, focusing on infrastructure expansion and potential acquisitions to strengthen its market position
Permian Powerhouse
Targa Resources Corp. leverages its strong position in the Permian Basin to drive growth, capitalizing on increasing natural gas and NGL demand
Read full SWOT analysis

Compare TRGP to Peers and Sector

Metrics to compare
TRGP
Peers
Sector
Relationship
P/E Ratio
33.8x17.0x4.6x
PEG Ratio
0.740.460.00
Price / Book
16.2x2.3x1.1x
Price / LTM Sales
2.6x4.0x1.2x
Upside (Analyst Target)
−6.8%14.8%30.1%
Fair Value Upside
Unlock5.3%9.1%Unlock

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 5.56
Dividend Yield
1.60%
Industry Median 5.41%
Annualized Payout
3
Paid quarterly
5-Years Growth
-5.45%
Growth Streak

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FAQ

What Is the Targa Resources (TRGP) Stock Price Today?

The Targa Resources stock price today is 190.48

What Stock Exchange Does Targa Resources Trade On?

Targa Resources is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Targa Resources?

The stock symbol for Targa Resources is "TRGP."

Does Targa Resources Pay Dividends? What’s The Current Dividend Yield?

The dividend yield is 1.60%.

What Is the Targa Resources Market Cap?

As of today, Targa Resources market cap is 41.58B.

What is Targa Resources Earnings Per Share?

The Targa Resources EPS is 5.56.

What Is the Next Targa Resources Earnings Date?

Targa Resources will release its next earnings report on Feb 20, 2025.

From a Technical Analysis Perspective, Is TRGP a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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