Targa Resources, Inc. (TRGP): Price and Financial Metrics

Targa Resources, Inc. (TRGP): $111.51

0.46 (+0.41%)

POWR Rating

Component Grades

Momentum

B

Stability

C

Sentiment

Quality

B

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Industry: MLPs - Oil & Gas

Industry

A

Ranked

#20 of 24

in industry

TRGP Price/Volume Stats

Current price $111.51 52-week high $112.50
Prev. close $111.05 52-week low $67.36
Day low $110.56 Volume 451,859
Day high $111.81 Avg. volume 1,711,258
50-day MA $96.49 Dividend yield 1.79%
200-day MA $86.62 Market Cap 24.81B

TRGP Stock Price Chart Interactive Chart >

TRGP POWR Grades

  • Quality is the dimension where TRGP ranks best; there it ranks ahead of 67.28% of US stocks.
  • TRGP's strongest trending metric is Growth; it's been moving up over the last 26 weeks.
  • TRGP ranks lowest in Value; there it ranks in the 8th percentile.

TRGP Stock Summary

  • The capital turnover (annual revenue relative to shareholder's equity) for TRGP is 6.53 -- better than 93.77% of US stocks.
  • Of note is the ratio of TARGA RESOURCES CORP's sales and general administrative expense to its total operating expenses; only 7.72% of US stocks have a lower such ratio.
  • Over the past twelve months, TRGP has reported earnings growth of 111.74%, putting it ahead of 90.47% of US stocks in our set.
  • Stocks with similar financial metrics, market capitalization, and price volatility to TARGA RESOURCES CORP are PAA, WES, CUBE, WPC, and UDR.
  • TRGP's SEC filings can be seen here. And to visit TARGA RESOURCES CORP's official web site, go to www.targaresources.com.

TRGP Valuation Summary

  • TRGP's EV/EBIT ratio is 14; this is 68.67% higher than that of the median Energy stock.
  • TRGP's EV/EBIT ratio has moved up 1.1 over the prior 159 months.

Below are key valuation metrics over time for TRGP.

Stock Date P/S P/B P/E EV/EBIT
TRGP 2023-12-28 1.2 7.7 22.0 14.0
TRGP 2023-12-27 1.2 7.7 22.2 14.1
TRGP 2023-12-26 1.2 7.8 22.3 14.1
TRGP 2023-12-22 1.2 7.7 22.1 14.0
TRGP 2023-12-21 1.2 7.8 22.2 14.1
TRGP 2023-12-20 1.2 7.6 21.9 13.9

TRGP Growth Metrics

    Its 4 year cash and equivalents growth rate is now at 369%.
  • Its 2 year cash and equivalents growth rate is now at -63.78%.
  • Its 2 year revenue growth rate is now at 117.04%.
Over the past 34 months, TRGP's revenue has gone up $12,509,200,000.

The table below shows TRGP's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-12-31 20,929.8 2,380.8 896.8
2022-09-30 21,816.6 2,347.4 243.5
2022-06-30 20,916.2 2,383 210.8
2022-03-31 18,276.3 2,371.3 -127.5
2021-12-31 16,949.8 2,302.9 -16.1
2021-09-30 14,081.1 2,447.6 318.6

TRGP's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • TRGP has a Quality Grade of B, ranking ahead of 91.16% of graded US stocks.
  • TRGP's asset turnover comes in at 0.745 -- ranking 5th of 105 Utilities stocks.
  • ENBL, WTRG, and CLNE are the stocks whose asset turnover ratios are most correlated with TRGP.

The table below shows TRGP's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 0.745 0.203 0.040
2021-03-31 0.620 0.237 0.039
2020-12-31 0.517 0.288 -0.068
2020-09-30 0.488 0.288 -0.079
2020-06-30 0.456 0.264 -0.085
2020-03-31 0.467 0.243 -0.088

Targa Resources, Inc. (TRGP) Company Bio


Targa Resources Corporation provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. The company was founded in 2005 and is based in Houston, Texas.


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Latest TRGP News From Around the Web

Below are the latest news stories about TARGA RESOURCES CORP that investors may wish to consider to help them evaluate TRGP as an investment opportunity.

Boasting A 37% Return On Equity, Is Targa Resources Corp. (NYSE:TRGP) A Top Quality Stock?

Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

Yahoo | December 27, 2023

Insider Sell Alert: Chief Commercial Officer Robert Muraro Sells 2,500 Shares of Targa ...

In the dynamic landscape of the stock market, insider transactions often provide valuable insights into the internal perspectives of a company's health and future prospects.

Yahoo | December 7, 2023

Targa Resources Corp. to Participate in Investor Conferences

HOUSTON, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the following investor conferences in New York City, NY: Mizuho Power, Energy & Infrastructure Conference on Tuesday, December 5, 2023; andWells Fargo Midstream and Utilities Symposium on Wednesday, December 6, 2023. A copy of the slides used for the conference meetings will be available in the Inve

Yahoo | December 1, 2023

Citadel Stock Holdings: 12 Biggest Energy Stocks

In this piece, we will take a look at Citadel Investment’s latest stock holdings and the top 12 energy stocks in its portfolio. If you want to skip our introduction to the multi billionaire dollar hedge fund and what its founder believes is in store for the markets and the economy, then take a look […]

Yahoo | November 20, 2023

20 Biggest Midstream Companies Heading into 2024

In this article, we will take a look at the 20 biggest midstream companies heading into 2024. If you want to skip our detailed analysis, you can go directly to 5 Biggest Midstream Companies Heading into 2024. According to a report by Research and Markets, the oil and gas midstream market was valued at $27.5 billion […]

Yahoo | November 16, 2023

Read More 'TRGP' Stories Here

TRGP Price Returns

1-mo 14.86%
3-mo 29.11%
6-mo 31.62%
1-year 60.62%
3-year 272.98%
5-year 219.31%
YTD 29.11%
2023 21.01%
2022 43.71%
2021 100.15%
2020 -32.48%
2019 23.98%

TRGP Dividends

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