TAR Stock Overview
Together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
My Notes
Capture your thoughts, links and company narrative
Targa Resources Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$168.40 |
| 52 Week High | US$200.90 |
| 52 Week Low | US$74.26 |
| Beta | 2.28 |
| 1 Month Change | -12.59% |
| 3 Month Change | 24.05% |
| 1 Year Change | 116.40% |
| 3 Year Change | 258.68% |
| 5 Year Change | 352.69% |
| Change since IPO | 819.72% |
Recent News & Updates
Recent updates
Shareholder Returns
| TAR | DE Oil and Gas | DE Market | |
|---|---|---|---|
| 7D | -1.4% | 2.7% | 0.3% |
| 1Y | 116.4% | -36.3% | 6.9% |
Return vs Industry: TAR exceeded the German Oil and Gas industry which returned -37.7% over the past year.
Return vs Market: TAR exceeded the German Market which returned 7.2% over the past year.
Price Volatility
| TAR volatility | |
|---|---|
| TAR Average Weekly Movement | 4.5% |
| Oil and Gas Industry Average Movement | 5.4% |
| Market Average Movement | 4.9% |
| 10% most volatile stocks in DE Market | 11.8% |
| 10% least volatile stocks in DE Market | 2.4% |
Stable Share Price: TAR has not had significant price volatility in the past 3 months compared to the German market.
Volatility Over Time: TAR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 3,182 | Matt Meloy | www.targaresources.com |
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.
Targa Resources Corp. Fundamentals Summary
| TAR fundamental statistics | |
|---|---|
| Market cap | €37.18b |
| Earnings (TTM) | €1.18b |
| Revenue (TTM) | €15.59b |
31.5x
P/E Ratio2.4x
P/S RatioIs TAR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TAR income statement (TTM) | |
|---|---|
| Revenue | US$16.22b |
| Cost of Revenue | US$10.68b |
| Gross Profit | US$5.54b |
| Other Expenses | US$4.31b |
| Earnings | US$1.23b |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.65 |
| Gross Margin | 34.14% |
| Net Profit Margin | 7.59% |
| Debt/Equity Ratio | 313.2% |
How did TAR perform over the long term?
See historical performance and comparisonDividends
1.7%
Current Dividend Yield49%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 06:01 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Targa Resources Corp. is covered by 40 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ethan Bellamy | Baird |
| Theresa Chen | Barclays |
| Richard Gross | Barclays |