Targa Resources Corp. (TRGP)

$207.69

+4.85

(+2.39%)▲

Market is closed - opens 8 PM, 22 Nov 2024

Performance

  • $203.09
    $208.14
    $207.69
    downward going graph

    2.22%

    Downside

    Day's Volatility :2.43%

    Upside

    0.21%

    downward going graph
  • $81.03
    $207.69
    $207.69
    downward going graph

    60.99%

    Downside

    52 Weeks Volatility :60.99%

    Upside

    0.0%

    downward going graph

Returns

PeriodTarga Resources Corp.Sector (Energy)S&P500
3 Months
42.53%
8.5%
5.3%
6 Months
71.61%
2.6%
11.2%
1 Year
131.66%
13.9%
30.4%
3 Years
276.96%
76.2%
26.0%

Highlights

Market Capitalization
44.4B
Book Value
$11.79
Dividend Share
2.75
Dividend Yield
1.47%
Earnings Per Share (EPS)
5.54
PE Ratio
36.75
PEG Ratio
1.21
Wall Street Target Price
194.603
Profit Margin
7.77%
Operating Margin TTM
18.91%
Return On Assets TTM
7.81%
Return On Equity TTM
33.89%
Revenue TTM
16.2B
Revenue Per Share TTM
73.22
Quarterly Revenue Growth YOY
-1.2%
Gross Profit TTM
4.0B
EBITDA
4.0B
Diluted Eps TTM
5.54
Quarterly Earnings Growth YOY
0.8
EPS Estimate Current Year
6.4
EPS Estimate Next Year
7.93
EPS Estimate Current Quarter
1.55
EPS Estimate Next Quarter
1.76

Analyst Recommendation

Buy
    96%Buy
    3%Hold
    0
    0%Sell
Based on 28 Wall street analysts offering stock ratings for Targa Resources Corp.(by analysts ranked 0 to 5 stars)
Based on 28 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
27
27
27
Hold
1
1
1
Sell
00
00
00

Analyst Forecast

What analysts predicted

Downside of 7.08%

Current $207.69
Target $192.98

Company Financials

FY18Y/Y Change
Revenue
10.5B
↑ 18.93%
Net Income
1.6M
↓ 97.04%
Net Profit Margin
0.02%
↓ 0.59%
FY19Y/Y Change
Revenue
8.7B
↓ 17.29%
Net Income
41.2M
↑ 2475.0%
Net Profit Margin
0.48%
↑ 0.46%
FY20Y/Y Change
Revenue
8.3B
↓ 4.74%
Net Income
-1.3B
↓ 3316.02%
Net Profit Margin
-16.04%
↓ 16.52%
FY21Y/Y Change
Revenue
16.9B
↑ 105.2%
Net Income
422.1M
↓ 131.86%
Net Profit Margin
2.49%
↑ 18.53%
FY22Y/Y Change
Revenue
20.9B
↑ 23.48%
Net Income
896.8M
↑ 112.46%
Net Profit Margin
4.28%
↑ 1.79%
FY23Y/Y Change
Revenue
16.1B
↓ 23.27%
Net Income
1.3B
↑ 50.08%
Net Profit Margin
8.38%
↑ 4.1%
Q2 FY23Q/Q Change
Revenue
3.4B
↓ 24.71%
Net Income
329.3M
↓ 33.74%
Net Profit Margin
9.67%
↓ 1.32%
Q3 FY23Q/Q Change
Revenue
3.9B
↑ 14.48%
Net Income
220.0M
↓ 33.19%
Net Profit Margin
5.65%
↓ 4.02%
Q4 FY23Q/Q Change
Revenue
4.2B
↑ 8.6%
Net Income
299.6M
↑ 36.18%
Net Profit Margin
7.08%
↑ 1.43%
Q1 FY24Q/Q Change
Revenue
4.6B
↑ 8.64%
Net Income
275.2M
↓ 8.14%
Net Profit Margin
5.99%
↓ 1.09%
Q2 FY24Q/Q Change
Revenue
3.6B
↓ 21.29%
Net Income
298.5M
↑ 8.47%
Net Profit Margin
8.25%
↑ 2.26%
Q3 FY24Q/Q Change
Revenue
3.9B
↑ 6.44%
Net Income
387.4M
↑ 29.78%
Net Profit Margin
10.06%
↑ 1.81%
FY18Y/Y Change
Total Assets
16.9B
↑ 17.72%
Total Liabilities
9.2B
↑ 24.35%
FY19Y/Y Change
Total Assets
18.8B
↑ 11.08%
Total Liabilities
10.1B
↑ 9.45%
FY20Y/Y Change
Total Assets
15.9B
↓ 15.62%
Total Liabilities
9.7B
↓ 4.18%
FY21Y/Y Change
Total Assets
15.2B
↓ 4.2%
Total Liabilities
9.3B
↓ 4.05%
FY22Y/Y Change
Total Assets
19.6B
↑ 28.61%
Total Liabilities
14.6B
↑ 57.09%
FY23Y/Y Change
Total Assets
20.7B
↑ 5.68%
Total Liabilities
16.1B
↑ 10.18%
Q2 FY23Q/Q Change
Total Assets
19.5B
↑ 2.29%
Total Liabilities
14.9B
↑ 2.11%
Q3 FY23Q/Q Change
Total Assets
20.2B
↑ 3.74%
Total Liabilities
15.8B
↑ 5.97%
Q4 FY23Q/Q Change
Total Assets
22.0B
↑ 9.1%
Total Liabilities
17.4B
↑ 10.15%
Q1 FY24Q/Q Change
Total Assets
20.8B
↓ 5.36%
Total Liabilities
16.3B
↓ 6.59%
Q2 FY24Q/Q Change
Total Assets
21.3B
↑ 2.01%
Total Liabilities
16.9B
↑ 3.98%
Q3 FY24Q/Q Change
Total Assets
21.9B
↑ 3.01%
Total Liabilities
17.4B
↑ 3.13%
FY18Y/Y Change
Operating Cash Flow
1.1B
↑ 21.77%
Investing Cash Flow
-3.1B
↑ 66.27%
Financing Cash Flow
2.1B
↑ 106.29%
FY19Y/Y Change
Operating Cash Flow
1.4B
↑ 21.49%
Investing Cash Flow
-3.1B
↓ 2.38%
Financing Cash Flow
1.8B
↓ 15.1%
FY20Y/Y Change
Operating Cash Flow
1.7B
↑ 25.52%
Investing Cash Flow
-738.1M
↓ 75.97%
Financing Cash Flow
-1.1B
↓ 161.46%
FY21Y/Y Change
Operating Cash Flow
2.3B
↑ 32.01%
Investing Cash Flow
-473.2M
↓ 35.89%
Financing Cash Flow
-1.9B
↑ 74.84%
FY22Y/Y Change
Operating Cash Flow
2.4B
↑ 3.38%
Investing Cash Flow
-4.1B
↑ 776.94%
Financing Cash Flow
1.8B
↓ 195.58%
Q2 FY23Q/Q Change
Operating Cash Flow
676.8M
↓ 42.14%
Investing Cash Flow
-593.8M
↑ 23.5%
Financing Cash Flow
-125.4M
↓ 81.99%
Q3 FY23Q/Q Change
Operating Cash Flow
407.3M
↓ 39.82%
Investing Cash Flow
-599.2M
↑ 0.91%
Financing Cash Flow
162.0M
↓ 229.19%

Technicals Summary

Sell

Neutral

Buy

Targa Resources Corp. is currently in a favorable trading position ( BUY ) according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Targa Resources Corp.
Targa Resources Corp.
25.43%
71.61%
131.66%
276.96%
426.99%
Enbridge Inc.
Enbridge Inc.
3.01%
16.34%
26.37%
8.41%
13.32%
Enterprise Products Partners L.p.
Enterprise Products Partners L.p.
9.62%
10.84%
19.74%
44.43%
21.01%
Oneok Inc.
Oneok Inc.
16.88%
36.32%
69.12%
82.69%
58.44%
Williams Companies, Inc.
Williams Companies, Inc.
12.88%
40.5%
63.28%
112.68%
157.57%
Kinder Morgan, Inc.
Kinder Morgan, Inc.
13.18%
41.84%
63.55%
73.81%
38.89%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Targa Resources Corp.
Targa Resources Corp.
35.47
36.75
1.21
6.4
0.34
0.08
0.01
11.79
Enbridge Inc.
Enbridge Inc.
20.56
20.47
1.72
2.79
0.1
0.03
0.06
27.08
Enterprise Products Partners L.p.
Enterprise Products Partners L.p.
11.66
11.89
3.07
2.69
0.21
0.06
0.07
13.08
Oneok Inc.
Oneok Inc.
23.25
23.96
3.81
5.11
0.17
0.06
0.04
28.91
Williams Companies, Inc.
Williams Companies, Inc.
24.52
24.83
9.69
1.94
0.21
0.04
0.03
10.17
Kinder Morgan, Inc.
Kinder Morgan, Inc.
24.58
24.85
2.06
1.17
0.08
0.04
0.04
13.69
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Targa Resources Corp.
Targa Resources Corp.
Buy
$43.4B
426.99%
35.47
7.77%
Enbridge Inc.
Enbridge Inc.
Buy
$93.6B
13.32%
20.56
13.73%
Enterprise Products Partners L.p.
Enterprise Products Partners L.p.
Buy
$68.3B
21.01%
11.66
10.33%
Oneok Inc.
Oneok Inc.
Buy
$65.7B
58.44%
23.25
14.05%
Williams Companies, Inc.
Williams Companies, Inc.
Hold
$70.5B
157.57%
24.52
27.75%
Kinder Morgan, Inc.
Kinder Morgan, Inc.
Hold
$61.7B
38.89%
24.58
16.77%

Insights on Targa Resources Corp.

  • Increasing Revenue

    Revenue is up for the last 2 quarters, 3.61B → 3.85B (in $), with an average increase of 6.1% per quarter

  • Increasing Net Profit

    Netprofit is up for the last 3 quarters, 275.2M → 387.4M (in $), with an average increase of 15.4% per quarter

Institutional Holdings

  • Vanguard Group Inc

    12.39%

  • BlackRock Inc

    9.47%

  • State Street Corp

    6.72%

  • Wellington Management Company LLP

    6.64%

  • Blackstone Inc

    3.52%

  • Morgan Stanley - Brokerage Accounts

    3.16%

Corporate Announcements

  • Targa Resources Corp. Dividends March,2024

    In the quarter ending March,2024. Targa Resources Corp. has declared dividend of $0.50

    Read More

Company Information

targa resources is a growth-oriented provider of midstream services and is one of the largest independent midstream energy companies in north america. we own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets. targa offers a dynamic work environment where you can learn, develop and grow. we encourage employee input and active involvement towards our continuous performance improvement in all areas of our business.with people as our priority, we are committed to safety and to providing the support required to help employees achieve their goals.

Organization
Targa Resources Corp.
Employees
3182
CEO
Mr. Matthew J. Meloy
Industry
Energy Minerals

FAQs