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Targa Resources Inc (TRGP)

NYSE
Currency in USD
Disclaimer
162.52
-0.88(-0.54%)
Closed
After Hours
160.82-1.70(-1.05%)
TRGP Scorecard
Full Analysis
Has raised its dividend for 3 consecutive years
Fair Value
Day's Range
160.20163.47
52 wk Range
81.03163.71
Prev. Close
162.52
Open
163.22
Day's Range
160.2-163.47
52 wk Range
81.03-163.71
Volume
1,521,398
Average Volume (3m)
1,685,869
1-Year Change
90.08%
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
153.07
Downside
-5.81%
Members' Sentiments
Bearish
Bullish
ProTips
2 analysts have revised their earnings upwards for the upcoming period
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InvestingPro Research for Targa Resources Inc


Permian Powerhouse
Targa Resources Corp. leverages its strong position in the Permian Basin to drive robust financial performance and exceed market expectations
Strategic Growth
Explore TRGP's increased capital expenditure and its pipeline of expansion projects set to accelerate earnings growth in late 2024 and beyond
Financial Evolution
Delve into TRGP's anticipated shift to positive free cash flow by 2025, potentially leading to enhanced shareholder returns and financial flexibility
Market Outlook
Analyst price targets range from $122 to $153, with an average of $133.80, reflecting confidence in TRGP's growth strategy and market position

Targa Resources 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.

Compare TRGP to Peers and Sector

Metrics to compare
TRGP
Peers
Sector
Relationship
P/E Ratio
33.4x14.2x4.8x
PEG Ratio
1.160.230.00
Price/Book
14.4x1.9x1.1x
Price / LTM Sales
2.2x4.4x1.2x
Upside (Analyst Target)
−7.6%12.0%29.8%
Fair Value Upside
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FAQ

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

The Targa Resources stock price today is 162.52.

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 1.85%.

What Is the Targa Resources Market Cap?

As of today, Targa Resources market cap is 35.60B.

What is Targa Resources Earnings Per Share?

The Targa Resources EPS is 4.78.

What Is the Next Targa Resources Earnings Date?

Targa Resources will release its next earnings report on 30 Oct 2024.
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