How to buy Targa stock in Canada

Targa is an oil & gas midstream business based in the US. Targa shares (TRGP) are listed on the NYSE and all prices are listed in US Dollars.

Its last market close was $176.79 – a decrease of 4.24% over the previous week. Targa employs 3,182 staff and has a trailing 12-month revenue of around $16.2 billion.

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Targa stock price (NYSE: TRGP)

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

Targa stocks at a glance

• Key figures

Information last updated 2024-12-18.

Latest market close	$176.79
52-week range	$79.24 - $209.87
50-day moving average more info button	$182.15
200-day moving average more info button	$141.01
Wall St. target price	$197.75
PE ratio more info button	31.0361
Dividend yield more info button	$2.75 (1.74%)
Earnings per share (TTM) more info button	$5.54

Is it a good time to buy Targa 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.

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Targa price performance over time

Historical closes compared with the close of $172.53 from 2024-12-19

1 week (2024-12-13)	-6.55%
1 month (2024-11-21)	-16.93%
3 months (2024-09-20)	12.89%
6 months (2024-06-21)	37.91%

1 year (2023-12-21)	98.06%
2 years (2022-12-21)	150.61%
3 years (2021-12-21)	265.00%
5 years (2019-12-20)	390.61%

Is Targa stock undervalued or overvalued?

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

Targa's P/E ratio

Targa's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, Targa shares trade at around 31x 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 stock or simply that they're over-valued.

Targa's PEG ratio

Targa's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.0762. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.

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

Targa's EBITDA

Targa's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $4 billion.

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

Targa financials

Revenue TTM	$16.2 billion
Operating margin TTM	18.91%
Gross profit TTM	$4 billion
Return on assets TTM	7.81%
Return on equity TTM	33.89%
Profit margin	7.77%
Book value	$11.79
Market Capitalization more info button	$37.5 billion

TTM: trailing 12 months

Targa stock dividends

Dividend payout ratio: 49.55% of net profits

Recently Targa has paid out, on average, around 0% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Targa shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Targa's case, that would currently equate to about $2.75 per share.

While Targa's payout ratio might seem fairly standard, it's worth remembering that Targa may be investing much of the rest of its net profits in future growth.

Targa's most recent dividend payout was on 14 November 2024. The latest dividend was paid out to all shareholders who bought their stocks by 30 October 2024 (the "ex-dividend date").

Targa stock price volatility

Over the last 12 months, Targa's stocks have ranged in value from as little as $79.2387 up to $209.87. A popular way to gauge a stock's volatility is its "beta."

Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Targa's is 2.237. This would suggest that Targa's stocks are significantly more volatile than the average for this exchange and represent a higher risk.

Targa overview

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. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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. It is also involved in the purchase and resale of NGL products; and sale 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. As of December 31, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges.

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Frequently asked questions

What percentage of Targa is owned by insiders or institutions?
Currently 1.438% of Targa stocks are held by insiders and 92.117% by institutions. How many people work for Targa?
Latest data suggests 3,182 work at Targa. When does the fiscal year end for Targa?
Targa's fiscal year ends in December. Where is Targa based?
Targa's address is: 811 Louisiana Street, Houston, TX, United States, 77002 What is Targa's ISIN number?
Targa's international securities identification number is: US87612G1013 What is Targa's CUSIP number?
Targa's Committee on Uniform Securities Identification Procedures number is: 87612G101

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