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Targa Resources (GB:0LD9)
LSE:0LD9
Targa Resources (0LD9) Share Price & Analysis
0 Followers
0LD9 Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$66.37 - $119.24
Previous Close$113.93
Volume265.00
Average Volume (3M)2.45K
Market Cap
$25.33B
Enterprise Value$39.39B
Total Cash (Recent Filing)$141.70M
Total Debt (Recent Filing)$12.33B
Price to Earnings (P/E)31.1
Beta1.34
Next Earnings
May 02, 2024EPS Estimate
$1.32Next Dividend Ex-Date
Apr 29, 2024Dividend Yield1.77%
Share Statistics
EPS (TTM)3.68
Shares Outstanding223,155,363
10 Day Avg. Volume49
30 Day Avg. Volume2,447
Standard Deviation0.29
R-Squared0.32
Alpha0.05
Financial Highlights & Ratios
Price to Book (P/B)64.76
Price to Sales (P/S)1.46
Price to Cash Flow (P/CF)6.60
P/FCF Ratio26.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.61
Enterprise Value/Gross Profit7.32
Enterprise Value/Ebitda11.99
Forecast
1Y Price Target
$116.67Price Target Upside2.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
Targa Resources News
Bulls Say, Bears Say
Bulls Say
Earnings StabilityAnalyst highlights the company's enhanced fee-based earnings stability, ensuring minimal exposure to negative price fluctuations.
Growth ProspectsThe company's announcement of new processing plants is set to fortify its integrated Permian NGL system and asset optimization, signaling strong growth prospects.
Investor ConfidenceAnalyst recognizes the company's impressive valuation re-rate, fueled by credible management and a robust capital allocation framework.
Bears Say
Capital ExpendituresHigher than expected capital expenditures for 2024 may affect the short-term cash position.
Earnings Estimate RevisionAnalyst lowers 2024+ estimates due to trimmed growth expectations and commodity price deck.
Financial GuidanceConcerns arise from soft first quarter guidance and higher projected capital expenditures for 2024.
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Options Prices
Currently, No data available
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Ownership Overview
11.18% Insiders
29.45% Mutual Funds
28.76% Other Institutional Investors
30.62% Public Companies and
Individual Investors
0LD9 FAQ
What was Targa Resources’s price range in the past 12 months?
Targa Resources lowest share price was $66.37 and its highest was $119.24 in the past 12 months.
What is Targa Resources’s market cap?
Currently, no data Available
When is Targa Resources’s upcoming earnings report date?
Targa Resources’s upcoming earnings report date is May 02, 2024 which is in 8 days.
How were Targa Resources’s earnings last quarter?
Targa Resources released its earnings results on Feb 15, 2024. The company reported $1.366 earnings per share for the quarter, missing the consensus estimate of $1.462 by -$0.096.
Is Targa Resources overvalued?
According to Wall Street analysts Targa Resources’s price is currently Undervalued.
Does Targa Resources pay dividends?
Targa Resources pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.77%. See more information on Targa Resources dividends here
What is Targa Resources’s EPS estimate?
Targa Resources’s EPS estimate is $1.32.
How many shares outstanding does Targa Resources have?
Targa Resources has 222,535,260 shares outstanding.
What happened to Targa Resources’s price movement after its last earnings report?
Targa Resources reported an EPS of $1.366 in its last earnings report, missing expectations of $1.462. Following the earnings report the stock price went up 5.24%.
Which hedge fund is a major shareholder of Targa Resources?
Among the largest hedge funds holding Targa Resources’s share is Blackstone Inc.. It holds Targa Resources’s shares valued at 820M.
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Targa Resources Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$116.67 (2.40% Upside)
$116.67 (2.40% Upside)
Blogger Sentiment
Bullish
GB:0LD9 Sentiment 100%
Sector Average 71%
Sector Average 71%
Insider Transactions
Sold Shares
Worth $13.9M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
54.28%
12-Months-Change
Fundamentals
Return on Equity
30.62%
Trailing 12-Months
Asset Growth
4.38%
Trailing 12-Months
Company Description
Targa Resources
Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities; and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value added services such as storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters; storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005 and is headquartered in Houston, TX.
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0LD9 Company Deck
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0LD9 Earnings Call
Q4 2024
0:00 / 0:00
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0LD9 Revenue Breakdown
83.08% Logistics and Transportation
15.21% Gathering and Processing
1.72% Other
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0LD9 Stock 12 Months Forecast
Average Price Target
$116.67
▲(2.40% Upside)
Technical Analysis
Best Analysts Covering 0LD9
1 Year
1 Year Success Rate
23/24 ratings generated profit
1 Year Average Return
+31.67%
reiterated a buy rating 24 days ago
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