How to buy Targa Resources stock (TRGP)

Targa Resources 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. Its last market close was $169.20 – an increase of 2.91% over the previous week. Targa Resources employs 3,182 staff and has a trailing 12-month revenue of around $16.3 billion.

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Targa Resources stock price (NYSE: TRGP)

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

Targa Resources shares at a glance

• Key figures

Information last updated 2024-10-31.

Latest market close	$169.20
52-week range	$79.24 - $169.16
50-day moving average more info button	$154.72
200-day moving average more info button	$124.70
Wall St. target price	$171.03
PE ratio more info button	35.2236
Dividend yield more info button	$2.5 (1.8%)
Earnings per share (TTM) more info button	$4.74

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 $165.27 from 2024-11-01

1 week (2024-10-29)	0.52%
1 month (2024-10-04)	4.59%
3 months (2024-08-06)	25.57%
6 months (2024-05-06)	46.52%

1 year (2023-11-06)	88.79%
2 years (2022-11-04)	134.86%
3 years (2021-11-02)	197.25%
5 years (2019-11-06)	342.25%

Is Targa Resources stock undervalued or overvalued?

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 P/E ratio

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 35x. In other words, Targa Resources shares trade at around 35x 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 PEG ratio

Targa Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1636. 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 $3.8 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	$16.3 billion
Operating margin TTM	17.61%
Gross profit TTM	$4 billion
Return on assets TTM	7.39%
Return on equity TTM	29.88%
Profit margin	6.72%
Book value	$11.26
Market Capitalization more info button	$36.6 billion

TTM: trailing 12 months

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 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.).

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 Inc 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

Dividend payout ratio: 72.18% of net profits

Recently Targa Resources has paid out, on average, around 100% 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 Resources shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Targa Resources's case, that would currently equate to about $2.5 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 14 November 2024. The latest dividend was paid out to all shareholders who bought their shares by 30 October 2024 (the "ex-dividend date").

Targa Resources share price volatility

Over the last 12 months, Targa Resources's shares have ranged in value from as little as $79.2387 up to $169.1551. 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 2.249. 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 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.

Frequently asked questions

What percentage of Targa Resources is owned by insiders or institutions?
Currently 1.449% of Targa Resources shares are held by insiders and 92.628% by institutions. How many people work for Targa Resources?
Latest data suggests 3,182 work at Targa Resources. When does the fiscal year end for Targa Resources?
Targa Resources's fiscal year ends in December. Where is Targa Resources based?
Targa Resources's address is: 811 Louisiana Street, Houston, TX, United States, 77002 What is Targa Resources's ISIN number?
Targa Resources's international securities identification number is: US87612G1013 What is Targa Resources's CUSIP number?
Targa Resources's Committee on Uniform Securities Identification Procedures number is: 87612G101