Targa Resources Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $84.06
- Today's High:
- $85.29
- Open Price:
- $84.19
- 52W Low:
- $55.9402
- 52W High:
- $87.86
- Prev. Close:
- $83.83
- Volume:
- 1245124
Company Statistics
- Market Cap.:
- $18.75 billion
- Book Value:
- 11.94
- Revenue TTM:
- $17.84 billion
- Operating Margin TTM:
- 13.83%
- Gross Profit TTM:
- $4.05 billion
- Profit Margin:
- 7.5%
- Return on Assets TTM:
- 8.86%
- Return on Equity TTM:
- 36.19%
Company Profile
Targa Resources Inc had its IPO on 2010-12-07 under the ticker symbol TRGP.
The company operates in the Energy sector and Oil & Gas Midstream industry. Targa Resources Inc has a staff strength of 2,850 employees.
Stock update
Shares of Targa Resources Inc opened at $84.19 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $84.06 - $85.29, and closed at $85.19.
This is a +1.62% increase from the previous day's closing price.
A total volume of 1,245,124 shares were traded at the close of the day’s session.
In the last one week, shares of Targa Resources Inc have slipped by -2.67%.
Targa Resources Inc's Key Ratios
Targa Resources Inc has a market cap of $18.75 billion, indicating a price to book ratio of 6.9057 and a price to sales ratio of 0.7603.
In the last 12-months Targa Resources Inc’s revenue was $17.84 billion with a gross profit of $4.05 billion and an EBITDA of $3.75 billion. The EBITDA ratio measures Targa Resources Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Targa Resources Inc’s operating margin was 13.83% while its return on assets stood at 8.86% with a return of equity of 36.19%.
In Q2, Targa Resources Inc’s quarterly earnings growth was a negative -10.6% while revenue growth was a negative 43.8%.
Targa Resources Inc’s PE and PEG Ratio
- Forward PE
- 15.625
- Trailing PE
- 22.7799
- PEG
- 0.6398
Its diluted EPS in the last 12-months stands at $3.68 per share while it has a forward price to earnings multiple of 15.625 and a PEG multiple of 0.6398. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Targa Resources Inc’s profitability.
Targa Resources Inc stock is trading at a EV to sales ratio of 1.2619 and a EV to EBITDA ratio of 11.5208. Its price to sales ratio in the trailing 12-months stood at 0.7603.
Targa Resources Inc stock pays annual dividends of $1.7 per share, indicating a yield of 2.34% and a payout ratio of 46.07%.
Balance sheet and cash flow metrics
- Total Assets
- $19.46 billion
- Total Liabilities
- $2.32 billion
- Operating Cash Flow
- $0
- Capital Expenditure
- $598 million
- Dividend Payout Ratio
- 46.07%
Targa Resources Inc ended 2024 with $19.46 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $19.46 billion while shareholder equity stood at $2.68 billion.
Targa Resources Inc ended 2024 with $0 in deferred long-term liabilities, $2.32 billion in other current liabilities, 200000.00 in common stock, $199.50 million in retained earnings and $0 in goodwill. Its cash balance stood at $169.40 million and cash and short-term investments were $169.40 million. The company’s total short-term debt was $586,000,000 while long-term debt stood at $11.59 billion.
Targa Resources Inc’s total current assets stands at $1.73 billion while long-term investments were $131.80 million and short-term investments were $0.00. Its net receivables were $988.10 million compared to accounts payable of $1.17 billion and inventory worth $312.30 million.
In 2024, Targa Resources Inc's operating cash flow was $0 while its capital expenditure stood at $598 million.
Comparatively, Targa Resources Inc paid $0.46 in dividends in 2024.
Other key metrics
- Current Trading Price
- $85.19
- 52-Week High
- $87.86
- 52-Week Low
- $55.9402
- Analyst Target Price
- $101.59
Targa Resources Inc stock is currently trading at $85.19 per share. It touched a 52-week high of $87.86 and a 52-week low of $87.86. Analysts tracking the stock have a 12-month average target price of $101.59.
Its 50-day moving average was $82.04 and 200-day moving average was $74.54 The short ratio stood at 2.58 indicating a short percent outstanding of 0%.
Around 127.9% of the company’s stock are held by insiders while 9311.8% are held by institutions.
Frequently Asked Questions About Targa Resources Inc
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About
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It 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, storing, terminaling, purchasing, and selling crude oil. The company 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, it 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. As of December 31, 2022, it leased and managed approximately 606 railcars; 122 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.