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How to buy Targa Resources stock | $26

Own Targa Resources stock in just a few minutes.

Fact checked

Targa Resources Corp is an oil & gas midstream business based in the US. Targa Resources shares (TRGP) are listed on the NYSE and all prices are listed in US Dollars. Targa Resources employs 2,680 staff and has a trailing 12-month revenue of around USD$8.2 billion.

How to buy shares in Targa Resources

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Targa Resources. Find the stock by name or ticker symbol: TRGP. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Targa Resources reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$26, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Targa Resources, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Targa Resources. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Targa Resources share price

Use our graph to track the performance of TRGP stocks over time.

Targa Resources shares at a glance

Information last updated 2020-12-09.
Latest market closeUSD$26
52-week rangeUSD$3.5543 - USD$39.9291
50-day moving average USD$20.272
200-day moving average USD$18.6965
Wall St. target priceUSD$26.68
PE ratio N/A
Dividend yield USD$0.4 (1.56%)
Earnings per share (TTM) USD$-1.317

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Targa Resources stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Targa Resources price performance over time

Historical closes compared with the close of $26 from 2020-12-09

1 week (2021-01-06) N/A
1 month (2020-12-13) N/A
3 months (2020-10-13) N/A
6 months (2020-07-13) N/A
1 year (2020-01-13) N/A
2 years (2019-01-13) N/A
3 years (2018-01-13) N/A
5 years (2016-01-13) N/A

Is Targa Resources under- or over-valued?

Valuing Targa Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Targa Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Targa Resources's PEG ratio

Targa Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.321. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Targa Resources's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Targa Resources's EBITDA

Targa Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$2.1 billion.

The EBITDA is a measure of a Targa Resources's overall financial performance and is widely used to measure a its profitability.

Targa Resources financials

Revenue TTM USD$8.2 billion
Operating margin TTM 14.96%
Gross profit TTM USD$2.6 billion
Return on assets TTM 4.36%
Return on equity TTM -19.04%
Profit margin -20.83%
Book value $12.14
Market capitalisation USD$6 billion

TTM: trailing 12 months

Shorting Targa Resources shares

There are currently 4.4 million Targa Resources shares held short by investors – that's known as Targa Resources's "short interest". This figure is 4.7% up from 4.2 million last month.

There are a few different ways that this level of interest in shorting Targa Resources shares can be evaluated.

Targa Resources's "short interest ratio" (SIR)

Targa Resources's "short interest ratio" (SIR) is the quantity of Targa Resources shares currently shorted divided by the average quantity of Targa Resources shares traded daily (recently around 2.8 million). Targa Resources's SIR currently stands at 1.55. In other words for every 100,000 Targa Resources shares traded daily on the market, roughly 1550 shares are currently held short.

However Targa Resources's short interest can also be evaluated against the total number of Targa Resources shares, or, against the total number of tradable Targa Resources shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Targa Resources's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Targa Resources shares in existence, roughly 20 shares are currently held short) or 0.0193% of the tradable shares (for every 100,000 tradable Targa Resources shares, roughly 19 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Targa Resources.

Find out more about how you can short Targa Resources stock.

Targa Resources's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Targa Resources.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Targa Resources's total ESG risk score

Total ESG risk: 39.35

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Targa Resources's overall score of 39.35 (as at 01/01/2019) is pretty weak – landing it in it in the 81st percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Targa Resources is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Targa Resources's environmental score

Environmental score: 19.93/100

Targa Resources's environmental score of 19.93 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Targa Resources is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Targa Resources's social score

Social score: 21.2/100

Targa Resources's social score of 21.2 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Targa Resources is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Targa Resources's governance score

Governance score: 9.71/100

Targa Resources's governance score puts it squarely in the 6th percentile of companies rated in the same sector. That could suggest that Targa Resources is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Environmental, social, and governance (ESG) summary

Targa Resources Corp was last rated for ESG on: 2019-01-01.

Total ESG score 39.35
Total ESG percentile 80.86
Environmental score 19.93
Environmental score percentile 6
Social score 21.2
Social score percentile 6
Governance score 9.71
Governance score percentile 6

Targa Resources share dividends

We're not expecting Targa Resources to pay a dividend over the next 12 months.

Targa Resources share price volatility

Over the last 12 months, Targa Resources's shares have ranged in value from as little as $3.5543 up to $39.9291. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Targa Resources's is 3.0325. This would suggest that Targa Resources's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Targa Resources overview

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,900 miles of natural gas pipelines, including 46 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 72 million barrels. As of December 31, 2019, the company leased and managed approximately 698 railcars; 138 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

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