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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 2,372 staff and has a trailing 12-month revenue of around 0.00.
|Latest market close||$56.21|
|52-week range||$15.08 - $56.45|
|50-day moving average||$48.12|
|200-day moving average||$42.32|
|Wall St. target price||$55.59|
|Dividend yield||$0.4 (0.72%)|
|Earnings per share (TTM)||$0.84|
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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.
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.
|1 week (2021-10-14)||1.81%|
|1 month (2021-09-20)||27.40%|
|3 months (2021-07-23)||32.20%|
|6 months (2021-04-23)||65.62%|
|1 year (2020-10-23)||228.52%|
|2 years (2019-10-24)||37.97%|
|3 years (2018-10-24)||9.15%|
|5 years (2016-10-24)||18.96%|
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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 66x. In other words, Targa Resources shares trade at around 66x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Targa Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 28.7549. 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 (earnings before interest, taxes, depreciation and amortisation) is $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.
|Revenue TTM||$11.7 billion|
|Operating margin TTM||10.83%|
|Gross profit TTM||$3.2 billion|
|Return on assets TTM||5.06%|
|Return on equity TTM||11.04%|
|Market capitalisation||$12.7 billion|
TTM: trailing 12 months
There are currently 3.8 million Targa Resources shares held short by investors – that's known as Targa Resources's "short interest". This figure is 13.7% up from 3.3 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) is the quantity of Targa Resources shares currently shorted divided by the average quantity of Targa Resources shares traded daily (recently around 1.4 million). Targa Resources's SIR currently stands at 2.72. In other words for every 100,000 Targa Resources shares traded daily on the market, roughly 2720 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 0.0168% of the tradable shares (for every 100,000 tradable Targa Resources shares, roughly 17 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.
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.
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 12/31/2018) 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.).
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.
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.
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.
|Total ESG score||39.35|
|Total ESG percentile||80.86|
|Environmental score percentile||6|
|Social score percentile||6|
|Governance score percentile||6|
Dividend payout ratio: 50% of net profits
Recently Targa Resources has paid out, on average, around 50% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.72% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Targa Resources shareholders could enjoy a 0.72% return on their shares, in the form of dividend payments. In Targa Resources's case, that would currently equate to about $0.4 per share.
Targa Resources's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Targa Resources's most recent dividend payout was on 15 August 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 July 2021 (the "ex-dividend date").
Over the last 12 months, Targa Resources's shares have ranged in value from as little as $15.0766 up to $56.45. 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 2.9402. 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 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; and gathering, purchasing, storing, terminaling, and selling crude oil. 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 28,700 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 75 million barrels.
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