Targa Resources, Inc. (TRGP): Price and Financial Metrics
Targa Resources, Inc. (TRGP)
Today's Latest Price: $26.99 USD
Updated Jan 27 6:40pm
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POWR Components:
Trade Grade Buy & Hold Grade Peer Grade Industry Rank
Industry Rank:
Ranked of 44 in MLPs - Oil & Gas
See all "A" rated Strong Buy stocks
TRGP Stock Summary
- With a one year PEG ratio of 0.11, Targa Resources Corp is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than just 1.78% of US stocks.
- Of note is the ratio of Targa Resources Corp's sales and general administrative expense to its total operating expenses; only 3.89% of US stocks have a lower such ratio.
- In terms of twelve month growth in earnings before interest and taxes, Targa Resources Corp is reporting a growth rate of -2,980.41%; that's higher than only 0.73% of US stocks.
- If you're looking for stocks that are quantitatively similar to Targa Resources Corp, a group of peers worth examining would be IDEX, ASRT, GPL, CORR, and PARR.
- Visit TRGP's SEC page to see the company's official filings. To visit the company's web site, go to www.targaresources.com.
TRGP Stock Price Chart Interactive Chart >
TRGP Price/Volume Stats
| Current price | $26.99 | 52-week high | $40.17 |
| Prev. close | $27.59 | 52-week low | $3.66 |
| Day low | $26.65 | Volume | 2,357,500 |
| Day high | $27.73 | Avg. volume | 2,104,988 |
| 50-day MA | $26.69 | Dividend yield | 1.48% |
| 200-day MA | $19.35 | Market Cap | 6.18B |
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.
TRGP Price Forecast Based on DCF Valuation
| Current Price | DCF Fair Value Target: | Forecasted Gain: |
| $26.99 | $29.09 | 8% |
We started the process of determining a valid price forecast for Targa Resources Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Targa Resources Corp ranked in the 52th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 8.5% on a DCF basis. The most interesting components of our discounted cash flow analysis for Targa Resources Corp ended up being:
- 44% of the company's capital comes from equity, which is greater than merely 16.69% of stocks in our cash flow based forecasting set.
- Targa Resources Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.32. This coverage rate is greater than that of only 13.02% of stocks we're observing for the purpose of forecasting via discounted cash flows.
- As a business, Targa Resources Corp experienced a tax rate of about 18% over the past twelve months; relative to its sector (Energy), this tax rate is higher than 77.09% of stocks generating free cash flow.
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | 6% |
| 1% | 7% |
| 2% | 8% |
| 3% | 9% |
| 4% | 10% |
| 5% | 11% |
Want more companies with a valuation profile/forecast similar to that of Targa Resources Corp? See DLNG, EPD, PEIX, IMO, and GLNG.
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