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


Targa Resources, Inc. (TRGP)

Today's Latest Price: $26.99 USD

0.60 (-2.17%)

Updated Jan 27 6:40pm

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Overall POWR Rating


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 >

Price chart for TRGP

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 PriceDCF 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 FlowReturn 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.


TRGP Latest News Stream


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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.

Targa: Quality Is Shining, Another Double Is On The Way

Co-produced with Long Player Targa Resources (TRGP), one of our favorite energy MLPs, proved to have an unusually volatile stock even given the performance of many stocks during the recent panic. But for those with patience the stock itself has been recovering nicely. After the last article entitled "Targa Resources:...

Rida Morwa on Seeking Alpha | January 25, 2021

Targa Resources Corp. to Participate in U.S. Capital Advisors Midstream Conference

HOUSTON, Jan. 25, 2021 (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 U.S. Capital Advisors Midstream Conference via video conference on Tuesday, January 26, 2021. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/events. About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary midstream ...

Yahoo | January 25, 2021

Top Analyst Upgrades and Downgrades: Adobe, Disney, Ford, Goldman Sachs, Intel, Microsoft, Salesforce, Seagate, Snowflake and More – 24/7 Wall St.

Friday's top analyst upgrades and downgrades included Adobe, Ford, Goldman Sachs, Intel, Microsoft, Salesforce.com, Seagate Technology, Snowflake, Targa Resources and Walt Disney.

24/7 Wall street | January 22, 2021

Targa Resources declares $0.10 dividend

Targa Resources (TRGP) declares $0.10/share quarterly dividend, in line with previous.Forward yield 1.33%Payable Feb. 16; for shareholders of record Feb. 1; ex-div Jan. 29.See TRGP Dividend Scorecard, Yield Chart, & Dividend Growth....

Seeking Alpha | January 20, 2021

Targa Resources Partners LP Prices Upsized $1.0 Billion Offering of Senior Notes

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE: TRGP), and the Partnership’s subsidiary Targa Resources Partners Finance Corporation announced today the pricing of an upsized offering of $1.0 billion in aggregate principal amount of senior unsecured notes due 2032 (the “2032 Notes”). The 2032 Notes will accrue interest at a rate of 4% per annum, will mature on January 15, 2032, and were priced at par. The offering is expected to close on February 2, 2021, subject to customary closing conditions. The Partnership intends to use a portion of the net proceeds from the offering to fund the previously announced concurrent cash tender offer (the “Tender Offer”) of the Partnership’s 5 1/8% Senior Notes due ...

Yahoo | January 19, 2021

Read More 'TRGP' Stories Here

TRGP Price Returns

1-mo 3.33%
3-mo 68.16%
6-mo 48.59%
1-year -25.87%
3-year -32.04%
5-year 70.40%
YTD 2.31%
2020 -32.48%
2019 23.98%
2018 -19.88%
2017 -7.09%
2016 130.82%

TRGP Dividends

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