TRGP's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.13 -- higher than only 1.91% of US-listed equities with positive expected earnings growth.
Of note is the ratio of Targa Resources Corp's sales and general administrative expense to its total operating expenses; only 3.85% 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 merely 0.72% of US stocks.
Stocks that are quantitatively similar to TRGP, based on their financial statements, market capitalization, and price volatility, are IDEX, ASRT, GPL, CORR, and PARR.
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
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for TRGP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Targa Resources Corp ranked in the 52th percentile in terms of potential gain offered. As for the metrics that stood out in our discounted cash flow analysis of Targa Resources Corp, consider:
47% of the company's capital comes from equity, which is greater than just 18.1% 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 13.13% 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 77.35% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Targa Resources Corp? See DLNG, IMO, PEIX, EPD, and GLNG.
HOUSTON, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the fourth quarter of 2020. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.10 per common share, or $0.40 per common share on an annualized basis, for the fourth quarter of 2020. This cash dividend will be paid February 16, 2021 on all outstanding common shares to holders of record as of the close of business on February 1, 2021. Targa also announced today that its board of directors has declared a quarterly cash dividend of $23.75 per Series A preferred share for the fourth quarter of 2020. This cash dividend will be...
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 ...
Moody's Investors Service ("Moody's") assigned a Ba3 rating to Targa Resource Partners LP's (TRP) proposed senior notes due 2032. TRP is wholly owned by Targa Resources Corp. (Targa). Targa and TRP's other ratings and Targa's stable outlook remain unchanged.
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 that, subject to market conditions, they intend to sell in an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States pursuant to Regulation S under the Securities Act, $750.0 million in aggregate principal amount of senior unsecured notes due 2032. The Partnership intends to use a portion of the net proceeds from the offering to fund the concurrent cash tender offer (the “Tender Offer”) to purchase for cash, sub...