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Targa Resources Corporation

Targa Resources Corporation (TRGP)

125.10
-1.22
(-0.97%)
Closed June 22 4:00PM
124.88
-0.22
(-0.18%)
After Hours: 7:57PM

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Key stats and details

Current Price
124.88
Bid
-
Ask
-
Volume
3,377,832
124.85 Day's Range 129.68
69.86 52 Week Range 129.68
Market Cap
Previous Close
126.32
Open
129.68
Last Trade
3
@
128.35
Last Trade Time
Financial Volume
$ 424,687,048
VWAP
125.7277
Average Volume (3m)
1,515,696
Shares Outstanding
221,716,505
Dividend Yield
1.80%
PE Ratio
33.19
Earnings Per Share (EPS)
3.77
Revenue
16.06B
Net Profit
835.8M

About Targa Resources Corporation

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 840,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. ... Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 840,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service. Show more

Sector
Natural Gas Transmission
Industry
Natural Gas Transmission
Headquarters
Wilmington, Delaware, USA
Founded
1970
Targa Resources Corporation is listed in the Natural Gas Transmission sector of the New York Stock Exchange with ticker TRGP. The last closing price for Targa Resources was $126.32. Over the last year, Targa Resources shares have traded in a share price range of $ 69.86 to $ 129.68.

Targa Resources currently has 221,716,505 shares outstanding. The market capitalization of Targa Resources is $27.74 billion. Targa Resources has a price to earnings ratio (PE ratio) of 33.19.

Targa Resources (TRGP) Options Flow Summary

Overall Flow

Bullish

Net Premium

172k

Calls / Puts

100.00%

Buys / Sells

33.33%

OTM / ITM

0.00%

Sweeps Ratio

0.00%

TRGP Latest News

Targa Resources Corp. to Participate in J.P. Morgan Energy, Power and Renewables Conference

HOUSTON, June 14, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor...

Targa Resources Corp. to Participate in 21st Annual Energy Infrastructure CEO & Investor Conference

HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
15.044.20560747664119.84129.68118.931602162123.20044409CS
410.389.06550218341114.5129.68113.651405048119.2807082CS
1212.3710.9945782597112.51129.68110.091515696115.88294816CS
2638.744.906010675386.18129.6881.031593429103.68370892CS
5254.1476.533785694170.74129.6869.86160595093.44837167CS
15679.89177.57279395444.99129.6838.815168994673.6121729CS
26086.35224.11108227438.53129.683.66219192547.34364643CS

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TRGP Discussion

View Posts
whytestocks whytestocks 4 years ago
JUST IN: $TRGP Targa Resources Corp. Releases Sustainability Report

HOUSTON, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2019 is now available on the Company’s website at https://www.targaresources.com/sustainability . The report advances Tar...

Got this from TRGP - Targa Resources Corp. Releases Sustainability Report
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whytestocks whytestocks 4 years ago
News: $TRGP Targa NGL Pipeline Company Launches Open Season

HOUSTON, July 01, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Targa NGL Pipeline Company LLC (“Targa NGL Pipeline”), a wholly owned subsidiary of the Company, has launched an open season commencing July 1, 2020 an...

In case you are interested TRGP - Targa NGL Pipeline Company Launches Open Season
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dude iligence dude iligence 4 years ago
Trgp $26s+$2.75+11% another great day. Pre corona scare paying
.91 per qtr dividend. It will likely do so again when crude is back in $50s. It's all good. Thanks the dems for giving us a once every 20yrs buying op.
👍️0
dude iligence dude iligence 4 years ago
TRGP $14.42 +$1.03+7.77% Breaking out mar 8-9 gap down 27.5-21.35. Lots of room to run been here since mar 24 $7. Great long term hold
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BJ_Cooper BJ_Cooper 4 years ago
I was wrong. Sold yesterday for a small loss.
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BJ_Cooper BJ_Cooper 4 years ago
Bought more at $12.30. No brainer here.
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BJ_Cooper BJ_Cooper 4 years ago
In at $12.85
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BJ_Cooper BJ_Cooper 4 years ago
A buying opportunity is presenting itself here.
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ValueInvestor15 ValueInvestor15 7 years ago
This 5yr DCF analysis implies Targa Resources $TRGP is 30% undervalued b4 earnings Wednesday:

DCF Model Audit
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stockyroach stockyroach 8 years ago
Upgraded to buy.
👍️0
thetechtrader thetechtrader 8 years ago
Targa Resources Corp. (TRGP) has had a phenomenal move from 15 all the way up 45, tripling, in four waves up, and the fifth wave may yet have more to go, but I would not be shocked to see 48-52. It was up 88 cents to 43.00, or 2%, on 2.3 million shares, on Thursday. Beware of Thursday’s low as a potential stopping point somewhere under the 40-40 1/2 level.
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eastunder eastunder 9 years ago
Targa Resources (TRGP) to Acquire Remaining Targa Resources Partners (NGLS) Shares


Targa Resources (NYSE: TRGP )and Targa Resources Partners LP (NYSE: NGLS) announced that TRC will acquire all of the outstanding common units of the Partnership not already owned by TRC in an all stock-for-unit transaction at a ratio of 0.62 TRC common shares per common unit of Targa Resources Partners. The implied TRP unit price represents an 18% premium to its volume-weighted average price during the 10 trading days ending November 2, 2015.

Following this transaction, TRC expects dividend growth of 15% for 2016 and greater than 10% compound annual dividend growth through 2018, assuming consensus analyst commodity prices and related capex and other assumptions as outlined in the investor presentation described below.

Following completion of the transaction, all of the outstanding common units of TRP will be owned by TRC and will no longer be publicly traded. The incentive distribution rights of TRP will be eliminated. All of TRP’s outstanding debt and Series A preferred units will remain outstanding. No additional financing is required for the transaction.

TRC has posted an updated investor presentation in the Events and Presentations section of its website at www.targaresources.com that includes an overview of the transaction, transaction rationale, and multi-year estimates for TRC dividends per share, dividend coverage and leverage for the base case using consensus analyst commodity prices. A sensitivity case using reduced commodity prices, lower capex and other related assumptions is also included with multi-year estimates for dividends per share and dividend coverage. Under the reduced commodity price scenario, TRC estimates dividend growth of 10% in 2016 and modest growth thereafter.

Management Commentary

“The combination of TRC and TRP will provide both immediate and long-term benefits to TRC and TRP investors. By improving our coverage and credit profile, simplifying our structure, lowering our cost of capital, and increasing our retained cash flow, we will be better positioned to continue to invest in high-return growth projects that will drive dividend growth beyond 2016,” said Joe Bob Perkins, Chief Executive Officer of the Company and of the general partner of the Partnership. “This transaction is attractive for Targa’s stakeholders, with better positioning in lower commodity price environments and enhanced growth in price recovery scenarios.”

Conditions to Closing

The Board of Directors of TRC (the “TRC Board”), the Conflicts Committee (the “Conflicts Committee”) of the Board of Directors of the general partner of TRP (the “TRP Board”) and the TRP Board have approved the merger agreement. Subject to customary approvals and conditions, including the expiration or termination of all waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act, the transaction is expected to close in the first quarter of 2016. The transaction is subject to the approval of the common unitholders of TRP and shareholders of TRC.

Conference Call and Investor Presentation

Targa will discuss the transaction and TRP and TRC’s third quarter 2015 financial results on Tuesday, November 3, 2015 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). The conference call can be accessed via webcast through the Events and Presentations section of the Partnership’s website at www.targaresources.com, by going directly to http://ir.targaresources.com/events.cfm?company=LP or by dialing 877-881-2598. The pass code for the dial-in is 60174409. Please dial in ten minutes prior to the scheduled start time. A replay will be available approximately two hours following completion of the webcast through the Investor’s section of the Partnership’s website. An investor presentation regarding the transaction has been posted on the Events and Presentations section of the TRP and TRC websites.

Advisors

Evercore Partners acted as advisor to the TRC Board and Barclays acted as financing advisor to the TRC Board. Citigroup acted as financial advisor to the Conflicts Committee of TRP. Richards, Layton & Finger served as legal counsel to the Conflicts Committee of TRP and Vinson & Elkins LLP served as legal counsel to TRC.
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sage4 sage4 10 years ago
Wow. A billion dollar company can double in a year or triple in two years I have learned.

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Timothy Smith Timothy Smith 12 years ago
Targa Resources

nysetv1 via YouTube
Ticker: TRGP
Price Target: $54
Location: Houston, TX
Specialty: Midstream services
Comments: "Organic growth through fractionation capacity expansions and new Permian Basin gathering/processing infrastructure provide high IRR projects with low execution risk."
Source: Morgan Stanley


Read more: http://www.businessinsider.com/morgan-stanleys-natural-gas-playbook-2012-7?op=1#ixzz21OZ709iH
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Penny Roger$ Penny Roger$ 12 years ago
~ Thurs-Fri $TRGP ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $TRGP ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=TRGP&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=TRGP&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=TRGP
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=TRGP#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=TRGP+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=TRGP
Finviz: http://finviz.com/quote.ashx?t=TRGP
~ BusyStock: http://busystock.com/i.php?s=TRGP&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=TRGP >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
👍️0
Penny Roger$ Penny Roger$ 12 years ago
Targa Resources Corp. (Targa), formerly Targa Resources Investments Inc., is a sole member of Targa Resources GP LLC, the managing general partner of Targa Resources Partners LP (the Partnership). As of December 31, 2010, its interests in the Partnership consist of a 2% general partner interest, which Targa held through its 100% ownership interest in the general partner of the Partnership; all Incentive Distribution Rights (IDRs), and a 15.4% limited partnership interest. In September 2010, it completed the conveyance of all of its remaining operating assets to Targa Resources Partners LP. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting and selling natural gas liquids (NGL), and NGL products. The Partnership operates in two divisions: Natural Gas Gathering and Processing, and NGL Logistics and Marketing.

http://www.google.com/finance?q=TRGP
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