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Market Cap 18.35B P/E 21.08 EPS this Y 42.90% Ern Qtrly Grth -5.80%
Income 828.2M Forward P/E 11.63 EPS next Y 36.90% 50D Avg Chg 9.00%
Sales 16.06B PEG 0.47 EPS past 5Y 14.59% 200D Avg Chg 11.00%
Dividend 2.00% Price/Book 7.20 EPS next 5Y 45.70% 52W High Chg -1.00%
Recommedations 1.70 Quick Ratio 0.58 Shares Outstanding 222.54M 52W Low Chg 42.00%
Insider Own 1.48% ROA 8.16% Shares Float 219.38M Beta 2.22
Inst Own 93.98% ROE 32.93% Shares Shorted/Prior 3.77M/4.01M Price 81.17
Gross Margin 33.52% Profit Margin 8.38% Avg. Volume 1,572,346 Target Price 119.30
Oper. Margin 14.99% Earnings Date May 2 Volume 1,904,900 Change -0.54%
About Targa Resources, Inc.

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. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Targa Resources, Inc. News
04/16/24 5 Stocks in Focus That Just Increased Their Dividends
04/15/24 Investors' Guide to Targa Resources' (TRGP) Dividend Hike
04/12/24 Targa Resources Ups Quarterly Dividend by 50% YoY
04/11/24 Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings Webcast
04/09/24 Midstream Investing in NGLs Amid Record Exports
03/28/24 13 Hot Stocks to Invest in According to Wall Street Analysts
03/26/24 Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1x1 Forum
03/25/24 The Zacks Analyst Blog Highlights Halliburton, Valero Energy and Targa Resources
03/24/24 The 4.7% return this week takes Targa Resources' (NYSE:TRGP) shareholders three-year gains to 262%
03/22/24 Keep a Tab On These 3 Broker-Recommended Energy Stocks
03/01/24 Targa Resources Corp. to Participate in Morgan Stanley Energy & Power Conference
02/26/24 Chief Commercial Officer Robert Muraro Sells 10,000 Shares of Targa Resources Corp
02/21/24 Targa Resources Corp. to Participate in THRIVE Energy Conference by Daniel Energy Partners
02/20/24 Targa Resources Forecasts Rising Profits on 2024 Exports
02/20/24 S&P 500 Spotlight: 3 Under-50 CEOs and Their Must-Buy Stocks
02/16/24 Targa (TRGP) Q4 Earnings and Revenues Miss Estimates
02/16/24 Targa Resources Corp. (NYSE:TRGP) Q4 2023 Earnings Call Transcript
02/16/24 Q4 2023 Targa Resources Corp Earnings Call
02/15/24 Targa Resources, Inc. (TRGP) Reports Q4 Earnings: What Key Metrics Have to Say
02/15/24 Targa Resources Corp. Announces Form 10-K Available
TRGP Chatroom

User Image dennismccain Posted - 3 days ago

$TRGP Midstream oil and gas operations are a cash cow but often highly dependent on debt for operations. And while interest rates remain elevated, everyone knows that rates will eventually head much lower. And that will make these midstream companies all that more profitable. In fact many of them have already started to move higher in anticipation of lower rates. Investing is not about where things are today, it’s about where things are going.

User Image DonCorleone77 Posted - 6 days ago

$TRGP Targa Resources increases quarterly dividend to 75c per share Targa Resources announced that its board of directors has declared an increase to its quarterly cash dividend to 75c per common share, or $3.00 per common share on an annualized basis, for the first quarter of 2024, consistent with previously disclosed expectations. This dividend represents a 50% increase over the common dividend declared with respect to the first quarter of 2023. This cash dividend will be paid May 15 on all outstanding common shares to holders of record as of the close of business on April 30.

User Image wallstreet_gangsta2 Posted - 1 week ago

$ET $TRGP as much as I like ET , I must confess have to be very cautious about how much I fall into 1 year performance , TRGP still remain standout winner in the pipeline . Well balanced company , great dividend too there and not much dilution in the share count compared to ET , as Warren Buffet says , he tries to avoid companies who keeps diluting shareholders , still holding ET

User Image stubbybrown Posted - 2 weeks ago

$FANG $TRGP $SM doing the monster mash

User Image net0trader Posted - 2 weeks ago

@RonIsWrong @Wigglyick @DonCorleone77 @MaverikIT @Im_not_Mr_Lebowski @IsabellaDC @Cash4freedom west Texas gem $TRGP , can’t stop won’t stop…

User Image ITZONLINEMONIE Posted - 03/31/24

$TRGP I like the chart going up up up! Cycle maybe brings this to fresh all time highs! Oil @ 120 this summer for all the travels

User Image sam92 Posted - 03/28/24

$TRGP TODAY J P Morgan Investor Meetings Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1x1 Forum 16:10:00 PM ET, 03/26/2024 - GlobeNewswire HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the J.P. Morgan Midwest Utilities & Midstream 1x1 Forum in Chicago, IL on Thursday, March 28, 2024. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/events.

User Image sam92 Posted - 03/27/24

$TRGP Targa Resources Corp. (NYSE:TRGP) Stock Holdings Increased by Fort Washington Investment Advisors Inc. OH Written by MarketBeat March 27, 2024 Targa Resources Corp. (NYSE:TRGP) Position Increased by SG Americas Securities LLC Posted by Defense World Staff on Mar 27th, 2024

User Image sam92 Posted - 03/27/24

$TRGP Targa Resources (NYSE:TRGP) Hits New 12-Month High at $112.50 Posted by Defense World Staff on Mar 27th, 2024

User Image codename41 Posted - 03/27/24

$TRGP 🔥

User Image sam92 Posted - 03/27/24

$DJIA $SPY $TRGP $RUT

User Image sam92 Posted - 03/27/24

$TRGP

User Image sam92 Posted - 03/26/24

$TRGP Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1x1 Forum March 26, 2024 at 4:10 PM EDT https://www.targaresources.com/news-releases/news-release-details/targa-resources-corp-participate-jp-morgan-midwest-utilities-0

User Image Stock_Titan Posted - 03/26/24

$TRGP Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1x1 Forum https://www.stocktitan.net/news/TRGP/targa-resources-corp-to-participate-in-j-p-morgan-midwest-utilities-9ybkz1mykwjm.html

User Image sam92 Posted - 03/26/24

$TRGP Targa Resources Corp. (NYSE:TRGP) Shares Purchased by Nordea Investment Management AB Posted by Defense World Staff on Mar 26th, 2024

User Image ac81 Posted - 03/26/24

$TRGP new 52-Week high great stock 👍

User Image sam92 Posted - 03/25/24

$TRGP American Century Companies Inc. Purchases 22,939 Shares of Targa Resources Corp. (NYSE:TRGP) Posted by Defense World Staff on Mar 24th, 2024

User Image sam92 Posted - 03/25/24

$TRGP This one just keeps goin higher and higher !! Targa Resources (NYSE:TRGP) Reaches New 12-Month High at $112.50 Written by MarketBeat https://www.marketbeat.com/instant-alerts/nyse-trgp-52-week-high-2024-03-25/

User Image sam92 Posted - 03/23/24

@Ryan74701 I am okay with a buyout but do like owing this well run bull I was I thinking if there is a chance of being bought out best to set your sell limits very high. Offers will be higher than one could imagine . $TRGP

User Image sam92 Posted - 03/22/24

$TRGP One of the healthiest charts out there Targa Resources Targa Resources Corp : Truist Securities raises target price to $120 from $105

User Image sam92 Posted - 03/22/24

$TRGP $DJIA $SPY $RUT $$$$$ Take the time to look into this one $$$$$ Targa Resources Corp This one is been just printing money as it shows one of the most steady channel up chart patterns out there . While it heads up it also pays out a nice dividend . We can not find a bad rating or recommendation out there from the pros . Presently out of 23 pros it stands at 15 classified TRGP a Outperform 7 grade it a Buy Totally worth it if you never heard of this fantastic stock to go check out all about it . You will agree it is cleans up a portfolio

User Image Honeystocks Posted - 03/22/24

$TRGP - Targa Resources continues to prove itself to be a wonderful investment. Quite over-bought up here, so a pull back may offer opportunity for those who missed the initial entry.

User Image ac81 Posted - 03/21/24

$TRGP new 52-Week high great stock 👍

User Image JamesOliverTrades Posted - 03/19/24

$TRGP Long target one hit, see chart for target two. Hope it helps #TradeIdeas #DocDubai #Investing #TechnicalAnalysis #FingerSwim #TargaResources

User Image Thestocktraderhubzee Posted - 03/19/24

$TRGP Barclays Maintains Overweight on Targa Resources, Raises Price Target to $116

User Image Dr_Stoxx Posted - 03/18/24

$DAL $TRGP $AMZN $MSFT $SLB

User Image sam92 Posted - 1 month ago

$TRGP $SPX $DJIA $RUT "RAMPERS CLUB" Check TARGA out growth plus a steady dividend Higher targets ( $125) and ratings from JPM also Trading around $ 106- 107 area today TARGA RESOURCES Targa, a midstream energy infrastructure corporation, is one of the largest infrastructure companies delivering natural gas and natural gas liquids in the United States. Their operations are based largely, though not entirely, on the Gulf Coast, particularly in Texas and Louisiana. Targa Resources Is Maintained at Overweight by JP Morgan JPMorgan Adjusts Price Target on Targa Resources to $125 From $122, Keeps Overweight Rating Mar 6, 2024

User Image net0trader Posted - 1 month ago

@MaverikIT @DonCorleone77 @IsabellaDC @RonIsWrong @Wigglyick oil is the unspoken hero lately. Doing very good and setting up for next leg up. As I have said in the past. Permian basin is very active and lots of activity around ramping up production. Remember, a lot of these Permian plays have their oil for under $40. As long as oil price stays above that level, they are raking in good money. $TRGP $FANG $DVN $EOG

User Image sam92 Posted - 1 month ago

$TRGP JPMorgan Adjusts Price Target on Targa Resources to $125 From $122, Keeps Overweight Rating

User Image FlynancialAnalyst Posted - 1 month ago

$TRGP institutions have been quietly accumulating these shares over the past 2 years, as ownership % has risen from 87.71% to 93.74% #ShareStats available at TrendEdge.app/asset/TRGP

Analyst Ratings
Stifel Buy Apr 16, 24
Scotiabank Sector Outperform Apr 15, 24
Barclays Overweight Apr 9, 24
Goldman Sachs Buy Apr 4, 24
Mizuho Buy Apr 3, 24
Truist Securities Buy Mar 20, 24
Barclays Overweight Mar 19, 24
JP Morgan Overweight Mar 6, 24
RBC Capital Outperform Feb 26, 24
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Muraro Robert Chief Commercial Off.. Chief Commercial Officer Dec 04 Sell 89.6527 2,500 224,132 184,521 12/06/23
Boushka Julie H. Senior VP and CAO Senior VP and CAO Aug 04 Sell 85 3,530 300,050 61,066 08/08/23
Boushka Julie H. Senior VP and CAO Senior VP and CAO Jul 21 Sell 80 2,184 174,720 64,596 07/25/23
Chung Paul W Director Director Dec 05 Sell 76.00 100 7,600 218,412 12/07/22
Muraro Robert Chief Commercial Off.. Chief Commercial Officer Sep 06 Sell 69.559 5,000 347,795 181,947 09/08/22
Gregory Regina See Remarks See Remarks Aug 10 Sell 67.3914 6,494 437,640 55,592 08/11/22
REDD ERSHEL C JR Director Director May 11 Sell 71.49 2,400 171,576 27,033 05/12/22
Muraro Robert Chief Commercial Off.. Chief Commercial Officer Apr 20 Sell 80.1044 10,000 801,044 186,947 04/21/22
Perkins Joe Bob Director Director Apr 14 Sell 78.37 66,350 5,199,850 331,867 04/18/22
Perkins Joe Bob Director Director Apr 12 Sell 78.02 73,650 5,746,173 370,273 04/14/22
JOYCE RENE R Director Director May 13 Sell 36.69 41,425 1,519,883 391,292 05/13/21
WHALEN JAMES W Director Director May 10 Sell 37.5 45,000 1,687,500 170,549 05/10/21
Perkins Joe Bob Director Director Apr 16 Sell 32.58 30,000 977,400 470,283 04/16/21
WHALEN JAMES W Director Director Mar 10 Sell 35 40,000 1,400,000 181,799 03/10/21
WHALEN JAMES W Director Director Jan 11 Sell 30 20,000 600,000 176,694 01/11/21