TRGP:NYE-Targa Resources Inc (USD)

COMMON STOCK | Oil & Gas Midstream |

Last Closing

USD 158.08

Change

+0.06 (+0.04)%

Market Cap

USD 34.62B

Volume

1.89M

Analyst Target

USD 24.47
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-10-07 )

Largest Industry Peers for Oil & Gas Midstream

Symbol Name Price(Change) Market Cap
EPD Enterprise Products Partners L..

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PBA Pembina Pipeline Corp

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CQP Cheniere Energy Partners LP

+0.56 (+1.13%)

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WES Western Midstream Partners LP

+0.75 (+1.92%)

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HESM Hess Midstream Partners LP

-0.25 (-0.69%)

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ETFs Containing TRGP

UMI USCF Midstream Energy Inc.. 8.83 % 0.00 %

-0.09 (0.00%)

USD 0.32B
GPOW 7.00 % 0.00 %

N/A

N/A
PXI Invesco DWA Energy Moment.. 6.35 % 0.60 %

+0.27 (+0.00%)

USD 0.07B
RSPG Invesco S&P 500® Equal.. 5.43 % 0.00 %

+0.28 (+0.00%)

USD 0.60B
ENFR Alerian Energy Infrastruc.. 5.04 % 0.65 %

-0.05 (0.00%)

USD 0.19B
EINC VanEck Energy Income ETF 5.01 % 0.00 %

+0.76 (+0.00%)

USD 0.06B
BREA:CA Brompton Sustainable Real.. 4.78 % 0.00 %

N/A

CAD 0.02B
USAI Pacer American Energy Ind.. 4.77 % 0.75 %

-0.09 (0.00%)

USD 0.06B
MORE 4.73 % 0.00 %

N/A

N/A
MLPX Global X MLP & Energy Inf.. 4.62 % 0.45 %

+0.05 (+0.00%)

USD 2.00B
MGNR American Beacon Select Fu.. 4.47 % 0.00 %

-0.20 (0.00%)

USD 0.03B
ECLN First Trust EIP Carbon Im.. 4.32 % 0.00 %

-0.34 (0.00%)

USD 0.02B
SMIG ETF Series Solutions - AA.. 4.25 % 0.00 %

-0.22 (0.00%)

USD 0.60B
QYLE:XETRA Global X NASDAQ 100 Cover.. 3.65 % 0.00 %

+0.04 (+0.00%)

USD 0.24B
QYLD:SW Global X NASDAQ 100 Cover.. 3.65 % 0.00 %

-0.02 (0.00%)

USD 0.24B
QYLD:LSE Global X NASDAQ 100 Cover.. 3.48 % 0.00 %

+0.02 (+0.00%)

USD 0.24B
QYLP:LSE Global X NASDAQ 100 Cover.. 3.47 % 0.00 %

+0.06 (+0.00%)

USD 0.24B
PJFM 3.24 % 0.00 %

N/A

N/A
TINF:CA TD Active Global Infrastr.. 3.19 % 0.00 %

-0.13 (0.00%)

CAD 0.13B
IQRA IndexIQ Active ETF Trust 2.49 % 0.00 %

-0.27 (0.00%)

N/A
PDP Invesco DWA Momentum ETF 2.36 % 0.62 %

-1.02 (0.00%)

USD 1.29B
CPAI Northern Lights Fund Trus.. 2.23 % 0.00 %

N/A

USD 0.02B
FDVV Fidelity® High Dividend .. 1.76 % 0.30 %

-0.28 (0.00%)

USD 3.72B
VBK Vanguard Small-Cap Growth.. 1.27 % 0.07 %

-2.30 (0.00%)

USD 18.15B
AVMV American Century ETF Trus.. 1.15 % 0.00 %

-0.51 (0.00%)

USD 0.02B
AVMC American Century ETF Trus.. 0.64 % 0.00 %

-0.52 (0.00%)

USD 0.02B
EMLP First Trust North America.. 0.00 % 0.95 %

-0.28 (0.00%)

N/A
FLM 0.00 % 0.70 %

N/A

N/A
GHII 0.00 % 0.44 %

N/A

N/A
PMOM 0.00 % 0.29 %

N/A

N/A
RPG Invesco S&P 500® Pure Gr.. 0.00 % 0.35 %

-0.25 (0.00%)

N/A
RYE 0.00 % 0.40 %

N/A

N/A
TPYP Tortoise North American P.. 0.00 % 0.40 %

-0.20 (0.00%)

N/A
VB Vanguard Small-Cap Index .. 0.00 % 0.05 %

-1.90 (0.00%)

N/A
YLD Principal Active High Yie.. 0.00 % 0.65 %

-0.01 (0.00%)

USD 0.23B
DMRM 0.00 % 0.45 %

N/A

N/A
CINF:CA CI Global Infrastructure .. 0.00 % 0.00 %

N/A

CAD 0.28B

Market Performance

  Market Performance vs. Industry/Classification (Oil & Gas Midstream) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 81.97% 91% A- 92% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 81.97% 91% A- 92% A
Trailing 12 Months  
Capital Gain 90.14% 91% A- 91% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 90.14% 91% A- 91% A-
Trailing 5 Years  
Capital Gain 314.47% 90% A- 93% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 314.47% 90% A- 93% A
Average Annual (5 Year Horizon)  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) N/A N/A N/A N/A N/A
Risk Adjusted Return N/A N/A N/A N/A N/A
Market Capitalization 34.62B 83% B 93% A

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What to not like:
Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.