Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
202.84
-0.73 (-0.36%)
At close: Nov 20, 2024, 4:00 PM
204.50
+1.66 (0.82%)
Pre-market: Nov 21, 2024, 7:32 AM EST

Targa Resources Statistics

Total Valuation

TRGP has a market cap or net worth of $44.23 billion. The enterprise value is $60.32 billion.

Market Cap 44.23B
Enterprise Value 60.32B

Important Dates

The last earnings date was Tuesday, November 5, 2024, before market open.

Earnings Date Nov 5, 2024
Ex-Dividend Date Oct 31, 2024

Share Statistics

TRGP has 218.06 million shares outstanding. The number of shares has decreased by -2.08% in one year.

Current Share Class 218.06M
Shares Outstanding 218.06M
Shares Change (YoY) -2.08%
Shares Change (QoQ) -0.86%
Owned by Insiders (%) 1.58%
Owned by Institutions (%) 92.73%
Float 214.41M

Valuation Ratios

The trailing PE ratio is 36.67 and the forward PE ratio is 26.71. TRGP's PEG ratio is 1.91.

PE Ratio 36.67
Forward PE 26.71
PS Ratio 2.77
Forward PS 2.05
PB Ratio 17.21
P/TBV Ratio 87.90
P/FCF Ratio 137.97
P/OCF Ratio 13.49
PEG Ratio 1.91
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 15.00, with an EV/FCF ratio of 188.16.

EV / Earnings 48.99
EV / Sales 3.72
EV / EBITDA 15.00
EV / EBIT 22.94
EV / FCF 188.16

Financial Position

The company has a current ratio of 0.77, with a Debt / Equity ratio of 3.22.

Current Ratio 0.77
Quick Ratio 0.54
Debt / Equity 3.22
Debt / EBITDA 3.45
Debt / FCF 44.71
Interest Coverage 3.43

Financial Efficiency

Return on equity (ROE) is 33.89% and return on invested capital (ROIC) is 9.10%.

Return on Equity (ROE) 33.89%
Return on Assets (ROA) 7.81%
Return on Capital (ROIC) 9.10%
Revenue Per Employee $5.10M
Profits Per Employee $386,958
Employee Count 3,182
Asset Turnover 0.77
Inventory Turnover 22.46

Taxes

In the past 12 months, TRGP has paid $376.60 million in taxes.

Income Tax 376.60M
Effective Tax Rate 20.10%

Stock Price Statistics

The stock price has increased by +135.81% in the last 52 weeks. The beta is 2.24, so TRGP's price volatility has been higher than the market average.

Beta (5Y) 2.24
52-Week Price Change +135.81%
50-Day Moving Average 166.96
200-Day Moving Average 132.01
Relative Strength Index (RSI) 81.49
Average Volume (20 Days) 1,686,849

Short Selling Information

The latest short interest is 3.50 million, so 1.60% of the outstanding shares have been sold short.

Short Interest 3.50M
Short Previous Month 3.50M
Short % of Shares Out 1.60%
Short % of Float 1.63%
Short Ratio (days to cover) 2.19

Income Statement

In the last 12 months, TRGP had revenue of $16.22 billion and earned $1.23 billion in profits. Earnings per share was $5.53.

Revenue 16.22B
Gross Profit 5.54B
Operating Income 2.63B
Pretax Income 1.43B
Net Income 1.23B
EBITDA 4.02B
EBIT 2.63B
Earnings Per Share (EPS) $5.53
Full Income Statement

Balance Sheet

The company has $127.20 million in cash and $14.34 billion in debt, giving a net cash position of -$14.21 billion or -$65.16 per share.

Cash & Cash Equivalents 127.20M
Total Debt 14.34B
Net Cash -14.21B
Net Cash Per Share -$65.16
Equity (Book Value) 4.46B
Book Value Per Share 11.79
Working Capital -599.10M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $3.28 billion and capital expenditures -$2.96 billion, giving a free cash flow of $320.60 million.

Operating Cash Flow 3.28B
Capital Expenditures -2.96B
Free Cash Flow 320.60M
FCF Per Share $1.47
Full Cash Flow Statement

Margins

Gross margin is 34.14%, with operating and profit margins of 16.22% and 7.77%.

Gross Margin 34.14%
Operating Margin 16.22%
Pretax Margin 11.55%
Profit Margin 7.77%
EBITDA Margin 24.80%
EBIT Margin 16.22%
FCF Margin 2.64%

Dividends & Yields

This stock pays an annual dividend of $3.00, which amounts to a dividend yield of 1.48%.

Dividend Per Share $3.00
Dividend Yield 1.48%
Dividend Growth (YoY) 48.65%
Years of Dividend Growth 2
Payout Ratio 54.24%
Buyback Yield 2.08%
Shareholder Yield 3.56%
Earnings Yield 2.78%
FCF Yield 0.72%
Dividend Details

Analyst Forecast

The average price target for TRGP is $171.88, which is -15.26% lower than the current price. The consensus rating is "Strong Buy".

Price Target $171.88
Price Target Difference -15.26%
Analyst Consensus Strong Buy
Analyst Count 16
Revenue Growth Forecast (5Y) 4.36%
EPS Growth Forecast (5Y) 17.89%
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

TRGP has an Altman Z-Score of 2.01 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.01
Piotroski F-Score 5