Targa Resources Corp. (TRGP)

$111.78

-0.45

(-0.4%)▲

Market is closed - opens 7 PM, 19 Apr 2024

Insights on Targa Resources Corp.

  • Increasing Revenue

    Revenue is up for the last 3 quarters, 3.40B → 4.23B (in $), with an average increase of 10.3% per quarter

  • Increasing Net Profit

    Netprofit is up for the last 2 quarters, 220.0M → 299.6M (in $), with an average increase of 26.6% per quarter

Performance

  • $111.27
    $112.87
    $111.78
    downward going graph

    0.46%

    Downside

    Day's Volatility :1.41%

    Upside

    0.96%

    downward going graph
  • $66.16
    $117.61
    $111.78
    downward going graph

    40.81%

    Downside

    52 Weeks Volatility :43.75%

    Upside

    4.96%

    downward going graph

Returns

PeriodTarga Resources Corp.Sector (Energy)S&P500
3 Months
36.05%
17.4%
3.8%
6 Months
28.25%
2.5%
17.4%
1 Year
47.23%
9.1%
20.9%
3 Years
240.3%
94.7%
20.6%

Highlights

Market Capitalization
25.4B
Book Value
$12.31
Dividend Share
2.0
Dividend Yield
2.63%
Earnings Per Share (EPS)
3.66
PE Ratio
31.17
PEG Ratio
1.4
Wall Street Target Price
119.3
Profit Margin
8.38%
Operating Margin TTM
14.99%
Return On Assets TTM
8.16%
Return On Equity TTM
32.93%
Revenue TTM
16.1B
Revenue Per Share TTM
71.51
Quarterly Revenue Growth YOY
-6.9%
Gross Profit TTM
4.0B
EBITDA
4.0B
Diluted Eps TTM
3.66
Quarterly Earnings Growth YOY
-0.11
EPS Estimate Current Year
5.36
EPS Estimate Next Year
7.34
EPS Estimate Current Quarter
1.46
EPS Estimate Next Quarter
1.43

Analyst Recommendation

Buy
    96%Buy
    3%Hold
    0
    0%Sell
Based on 27 Wall street analysts offering stock ratings for Targa Resources Corp.(by analysts ranked 0 to 5 stars)
Based on 27 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
26
24
24
Hold
1
1
1
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 6.73%

Current $111.78
Target $119.30

Company Financials

FY18Y/Y Change
Revenue
10.5B
↑ 18.93%
Net Income
1.6M
↓ 97.04%
Net Profit Margin
0.02%
↓ 0.59%
FY19Y/Y Change
Revenue
8.7B
↓ 17.29%
Net Income
41.2M
↑ 2475.0%
Net Profit Margin
0.48%
↑ 0.46%
FY20Y/Y Change
Revenue
8.3B
↓ 4.74%
Net Income
-1.3B
↓ 3316.02%
Net Profit Margin
-16.04%
↓ 16.52%
FY21Y/Y Change
Revenue
16.9B
↑ 105.2%
Net Income
422.1M
↓ 131.86%
Net Profit Margin
2.49%
↑ 18.53%
FY22Y/Y Change
Revenue
20.9B
↑ 23.48%
Net Income
896.8M
↑ 112.46%
Net Profit Margin
4.28%
↑ 1.79%
FY23Y/Y Change
Revenue
15.6B
↓ 25.37%
Net Income
828.2M
↓ 7.65%
Net Profit Margin
5.3%
↑ 1.02%
Q3 FY22Q/Q Change
Revenue
5.4B
↓ 11.49%
Net Income
279.3M
↓ 53.17%
Net Profit Margin
5.21%
↓ 4.64%
Q4 FY22Q/Q Change
Revenue
4.6B
↓ 15.02%
Net Income
318.0M
↑ 13.86%
Net Profit Margin
6.98%
↑ 1.77%
Q1 FY23Q/Q Change
Revenue
4.5B
↓ 0.75%
Net Income
497.0M
↑ 56.29%
Net Profit Margin
10.99%
↑ 4.01%
Q2 FY23Q/Q Change
Revenue
3.4B
↓ 24.71%
Net Income
329.3M
↓ 33.74%
Net Profit Margin
9.67%
↓ 1.32%
Q3 FY23Q/Q Change
Revenue
3.9B
↑ 14.48%
Net Income
220.0M
↓ 33.19%
Net Profit Margin
5.65%
↓ 4.02%
Q4 FY23Q/Q Change
Revenue
4.2B
↑ 8.6%
Net Income
299.6M
↑ 36.18%
Net Profit Margin
7.08%
↑ 1.43%
FY18Y/Y Change
Total Assets
16.9B
↑ 17.72%
Total Liabilities
9.2B
↑ 24.35%
FY19Y/Y Change
Total Assets
18.8B
↑ 11.08%
Total Liabilities
10.1B
↑ 9.45%
FY20Y/Y Change
Total Assets
15.9B
↓ 15.62%
Total Liabilities
9.7B
↓ 4.18%
FY21Y/Y Change
Total Assets
15.2B
↓ 4.2%
Total Liabilities
9.3B
↓ 4.05%
FY22Y/Y Change
Total Assets
19.6B
↑ 28.61%
Total Liabilities
14.6B
↑ 57.09%
FY23Y/Y Change
Total Assets
22.0B
↑ 12.61%
Total Liabilities
17.4B
↑ 19.48%
Q3 FY22Q/Q Change
Total Assets
19.4B
↑ 26.45%
Total Liabilities
14.7B
↑ 34.07%
Q4 FY22Q/Q Change
Total Assets
19.6B
↑ 0.88%
Total Liabilities
14.6B
↓ 0.55%
Q1 FY23Q/Q Change
Total Assets
19.0B
↓ 2.73%
Total Liabilities
14.6B
↑ 0.24%
Q2 FY23Q/Q Change
Total Assets
19.5B
↑ 2.29%
Total Liabilities
14.9B
↑ 2.11%
Q3 FY23Q/Q Change
Total Assets
20.2B
↑ 3.74%
Total Liabilities
15.8B
↑ 5.97%
Q4 FY23Q/Q Change
Total Assets
22.0B
↑ 9.1%
Total Liabilities
17.4B
↑ 10.15%
FY18Y/Y Change
Operating Cash Flow
1.1B
↑ 21.77%
Investing Cash Flow
-3.1B
↑ 66.27%
Financing Cash Flow
2.1B
↑ 106.29%
FY19Y/Y Change
Operating Cash Flow
1.4B
↑ 21.49%
Investing Cash Flow
-3.1B
↓ 2.38%
Financing Cash Flow
1.8B
↓ 15.1%
FY20Y/Y Change
Operating Cash Flow
1.7B
↑ 25.52%
Investing Cash Flow
-738.1M
↓ 75.97%
Financing Cash Flow
-1.1B
↓ 161.46%
FY21Y/Y Change
Operating Cash Flow
2.3B
↑ 32.01%
Investing Cash Flow
-473.2M
↓ 35.89%
Financing Cash Flow
-1.9B
↑ 74.84%
FY22Y/Y Change
Operating Cash Flow
2.4B
↑ 3.38%
Investing Cash Flow
-4.1B
↑ 776.94%
Financing Cash Flow
1.8B
↓ 195.58%
Q3 FY22Q/Q Change
Operating Cash Flow
459.6M
↓ 27.68%
Investing Cash Flow
-3.9B
↓ 974.72%
Financing Cash Flow
3.5B
↓ 426.99%
Q4 FY22Q/Q Change
Operating Cash Flow
537.5M
↑ 16.95%
Investing Cash Flow
-502.1M
↓ 87.11%
Financing Cash Flow
-9.3M
↓ 100.27%
Q1 FY23Q/Q Change
Operating Cash Flow
1.2B
↑ 117.64%
Investing Cash Flow
-480.8M
↓ 4.24%
Financing Cash Flow
-696.2M
↑ 7386.02%
Q2 FY23Q/Q Change
Operating Cash Flow
676.8M
↓ 42.14%
Investing Cash Flow
-593.8M
↑ 23.5%
Financing Cash Flow
-125.4M
↓ 81.99%
Q3 FY23Q/Q Change
Operating Cash Flow
407.3M
↓ 39.82%
Investing Cash Flow
-599.2M
↑ 0.91%
Financing Cash Flow
162.0M
↓ 229.19%

Technicals Summary

Sell

Neutral

Buy

Targa Resources Corp. is currently in a neutral trading position according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Targa Resources Corp.
Targa Resources Corp.
2.86%
28.25%
47.23%
240.3%
173.93%
Enbridge Inc.
Enbridge Inc.
-6.77%
3.86%
-16.17%
-10.83%
-10.72%
Enterprise Products Partners L.p.
Enterprise Products Partners L.p.
-1.32%
2.57%
5.11%
23.6%
-1.63%
Oneok Inc.
Oneok Inc.
-0.14%
13.17%
16.39%
50.02%
12.35%
Williams Companies, Inc.
Williams Companies, Inc.
-0.19%
5.93%
25.27%
59.05%
31.02%
Energy Transfer Equity, L.p.
Energy Transfer Equity, L.p.
-2.12%
9.33%
17.97%
89.43%
-0.33%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Targa Resources Corp.
Targa Resources Corp.
31.17
31.17
1.4
5.36
0.33
0.08
0.03
12.31
Enbridge Inc.
Enbridge Inc.
15.93
15.93
1.71
2.06
0.09
0.03
0.08
25.71
Enterprise Products Partners L.p.
Enterprise Products Partners L.p.
11.24
11.24
5.13
2.7
0.2
0.06
0.07
12.76
Oneok Inc.
Oneok Inc.
14.07
14.07
1.68
4.97
0.23
0.06
0.05
28.27
Williams Companies, Inc.
Williams Companies, Inc.
14.05
14.05
9.14
1.8
0.24
0.05
0.05
10.16
Energy Transfer Equity, L.p.
Energy Transfer Equity, L.p.
13.85
13.85
0.58
1.56
0.12
0.05
0.08
8.98
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Targa Resources Corp.
Targa Resources Corp.
Buy
$25.4B
173.93%
31.17
8.38%
Enbridge Inc.
Enbridge Inc.
Buy
$70.2B
-10.72%
15.93
14.18%
Enterprise Products Partners L.p.
Enterprise Products Partners L.p.
Buy
$61.4B
-1.63%
11.24
11.13%
Oneok Inc.
Oneok Inc.
Buy
$45.0B
12.35%
14.07
15.04%
Williams Companies, Inc.
Williams Companies, Inc.
Buy
$45.9B
31.02%
14.05
31.95%
Energy Transfer Equity, L.p.
Energy Transfer Equity, L.p.
Buy
$50.9B
-0.33%
13.85
5.0%

Institutional Holdings

  • Vanguard Group Inc

    12.05%

  • BlackRock Inc

    9.00%

  • State Street Corporation

    6.52%

  • Blackstone Inc

    4.24%

  • Wellington Management Company LLP

    3.40%

  • Goldman Sachs Group Inc

    3.29%

Corporate Announcements

  • Targa Resources Corp. Dividends March,2024

    In the quarter ending March,2024. Targa Resources Corp. has declared dividend of $0.5

    Read More

Company Information

targa resources is a growth-oriented provider of midstream services and is one of the largest independent midstream energy companies in north america. we own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets. targa offers a dynamic work environment where you can learn, develop and grow. we encourage employee input and active involvement towards our continuous performance improvement in all areas of our business.with people as our priority, we are committed to safety and to providing the support required to help employees achieve their goals.

Organization
Targa Resources Corp.
Employees
3182
CEO
Mr. Matthew J. Meloy
Industry
Energy Minerals

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