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TRGP

Targa Resources NYSE:TRGP Stock Report

Last Price

US$73.31

Market Cap

US$16.6b

7D

1.4%

1Y

34.6%

Updated

27 Nov, 2022

Data

Company Financials +
TRGP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends3/6

TRGP Stock Overview

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America.

Targa Resources Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Targa Resources
Historical stock prices
Current Share PriceUS$73.31
52 Week HighUS$81.50
52 Week LowUS$47.57
Beta2.33
1 Month Change9.16%
3 Month Change3.09%
1 Year Change34.59%
3 Year Change100.68%
5 Year Change65.86%
Change since IPO196.80%

Recent News & Updates

Targa Resources: With Solid Q3 Results, This Company May Be Worth Considering

Nov 04

Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Nov 02
Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Recent updates

Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Nov 02
Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Sep 22
Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Aug 26
Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Is Targa Resources Corp. (NYSE:TRGP) Trading At A 27% Discount?

Aug 01
Is Targa Resources Corp. (NYSE:TRGP) Trading At A 27% Discount?

Is Targa Resources (NYSE:TRGP) Using Too Much Debt?

May 09
Is Targa Resources (NYSE:TRGP) Using Too Much Debt?

Estimating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Apr 18
Estimating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Revenue Downgrade: Here's What Analysts Forecast For Targa Resources Corp. (NYSE:TRGP)

Mar 22
Revenue Downgrade: Here's What Analysts Forecast For Targa Resources Corp. (NYSE:TRGP)

Party Time: Brokers Just Made Major Increases To Their Targa Resources Corp. (NYSE:TRGP) Earnings Forecasts

Mar 01
Party Time: Brokers Just Made Major Increases To Their Targa Resources Corp. (NYSE:TRGP) Earnings Forecasts

Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Jan 17
Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources (NYSE:TRGP) Has A Somewhat Strained Balance Sheet

Dec 27
Targa Resources (NYSE:TRGP) Has A Somewhat Strained Balance Sheet

Is Targa Resources Corp. (NYSE:TRGP) Trading At A 25% Discount?

Oct 01
Is Targa Resources Corp. (NYSE:TRGP) Trading At A 25% Discount?

Does Targa Resources (NYSE:TRGP) Have A Healthy Balance Sheet?

Sep 10
Does Targa Resources (NYSE:TRGP) Have A Healthy Balance Sheet?

Is There An Opportunity With Targa Resources Corp.'s (NYSE:TRGP) 21% Undervaluation?

Jun 25
Is There An Opportunity With Targa Resources Corp.'s (NYSE:TRGP) 21% Undervaluation?

We Think Targa Resources' (NYSE:TRGP) Robust Earnings Are Conservative

May 13
We Think Targa Resources' (NYSE:TRGP) Robust Earnings Are Conservative

Brokers Are Upgrading Their Views On Targa Resources Corp. (NYSE:TRGP) With These New Forecasts

May 10
Brokers Are Upgrading Their Views On Targa Resources Corp. (NYSE:TRGP) With These New Forecasts

Targa Resources (NYSE:TRGP) Has A Somewhat Strained Balance Sheet

Apr 09
Targa Resources (NYSE:TRGP) Has A Somewhat Strained Balance Sheet

Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 63% Above Its Share Price

Mar 22
Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 63% Above Its Share Price

How Many Targa Resources Corp. (NYSE:TRGP) Shares Have Insiders Sold, In The Last Year?

Mar 02
How Many Targa Resources Corp. (NYSE:TRGP) Shares Have Insiders Sold, In The Last Year?

Is Targa Resources Corp.'s (NYSE:TRGP) 1.3% Dividend Sustainable?

Feb 10
Is Targa Resources Corp.'s (NYSE:TRGP) 1.3% Dividend Sustainable?

Targa Resources' (NYSE:TRGP) Stock Price Has Reduced 43% In The Past Three Years

Jan 26
Targa Resources' (NYSE:TRGP) Stock Price Has Reduced 43% In The Past Three Years

Does Targa Resources (NYSE:TRGP) Have A Healthy Balance Sheet?

Jan 08
Does Targa Resources (NYSE:TRGP) Have A Healthy Balance Sheet?

Market Sentiment Around Loss-Making Targa Resources Corp. (NYSE:TRGP)

Dec 24
Market Sentiment Around Loss-Making Targa Resources Corp. (NYSE:TRGP)

Estimating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Dec 09
Estimating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

How Much Are Targa Resources Corp. (NYSE:TRGP) Insiders Taking Off The Table?

Nov 24
How Much Are Targa Resources Corp. (NYSE:TRGP) Insiders Taking Off The Table?

Shareholder Returns

TRGPUS Oil and GasUS Market
7D1.4%0.6%1.3%
1Y34.6%59.5%-18.5%

Return vs Industry: TRGP underperformed the US Oil and Gas industry which returned 59.5% over the past year.

Return vs Market: TRGP exceeded the US Market which returned -18.5% over the past year.

Price Volatility

Is TRGP's price volatile compared to industry and market?
TRGP volatility
TRGP Average Weekly Movement6.6%
Oil and Gas Industry Average Movement8.0%
Market Average Movement7.4%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market3.3%

Stable Share Price: TRGP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TRGP's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20052,430Matt Meloyhttps://www.targaresources.com

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages 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

How do Targa Resources's earnings and revenue compare to its market cap?
TRGP fundamental statistics
Market CapUS$16.60b
Earnings (TTM)US$243.50m
Revenue (TTM)US$21.82b

68.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRGP income statement (TTM)
RevenueUS$21.82b
Cost of RevenueUS$18.13b
Gross ProfitUS$3.69b
Other ExpensesUS$3.45b
EarningsUS$243.50m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.08
Gross Margin16.91%
Net Profit Margin1.12%
Debt/Equity Ratio235.5%

How did TRGP perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

131%

Payout Ratio