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 $203.57 – an increase of 6.26% over the previous week. Targa Resources employs 3,182 staff and has a trailing 12-month revenue of around $16.2 billion.
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| Latest market close | $203.57 |
|---|---|
| 52-week range | $79.24 - $197.14 |
| 50-day moving average | $162.52 |
| 200-day moving average | $129.72 |
| Wall St. target price | $184.98 |
| PE ratio | 34.8309 |
| Dividend yield | $2.75 (1.55%) |
| Earnings per share (TTM) | $5.50 |
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.
Historical closes compared with the close of $199 from 2024-11-18
| 1 week (2024-11-13) | 3.11% |
|---|---|
| 1 month (2024-10-18) | 22.27% |
| 3 months (2024-08-20) | 40.54% |
| 6 months (2024-05-20) | 69.29% |
| 1 year (2023-11-20) | 129.05% |
|---|---|
| 2 years (2022-11-18) | 188.06% |
| 3 years (2021-11-19) | 297.41% |
| 5 years (2019-11-20) | 489.33% |
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 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 "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1461. 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 $4 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 | $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 | $41.8 billion |
TTM: trailing 12 months
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.
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 |
Dividend payout ratio: 49.55% of net profits
Recently Targa Resources 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 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 $2.75 per share.
While Targa Resources's payout ratio might seem fairly standard, it's worth remembering that Targa Resources may be investing much of the rest of its net profits in 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").
Over the last 12 months, Targa Resources's shares have ranged in value from as little as $79.2387 up to $197.1399. 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 2.237. 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 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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