Targa Resources Corp.

160.73
-19.99 (-11.06%)
At close: Apr 04, 2025, 3:59 PM
161.18
0.28%
After-hours: Apr 04, 2025, 05:40 PM EDT

Targa Resources Statistics

Share Statistics

Targa Resources has 218.11M shares outstanding. The number of shares has increased by -1.63% in one year.

Shares Outstanding 218.11M
Shares Change (YoY) -1.63%
Shares Change (QoQ) 0.02%
Owned by Institutions (%) 90.77%
Shares Floating 214.38M
Failed to Deliver (FTD) Shares 14
FTD / Avg. Volume < 0.01%

Short Selling Information

The latest short interest is 4.45M, so 2.04% of the outstanding shares have been sold short.

Short Interest 4.45M
Short % of Shares Out 2.04%
Short % of Float 2.08%
Short Ratio (days to cover) 2.44

Valuation Ratios

The PE ratio is 30.73 and the forward PE ratio is 26.66. Targa Resources's PEG ratio is 0.53.

PE Ratio 30.73
Forward PE 26.66
PS Ratio 2.4
Forward PS 0.8
PB Ratio 15.16
P/FCF Ratio 57.47
PEG Ratio 0.53
Financial Ratio History

Enterprise Valuation

Targa Resources has an Enterprise Value (EV) of 53.32B.

EV / Sales 3.26
EV / EBITDA 12.92
EV / EBIT 14.61
EV / FCF 77.97

Financial Position

The company has a current ratio of 0.72, with a Debt / Equity ratio of 5.47.

Current Ratio 0.72
Quick Ratio 0.62
Debt / Equity 5.47
Debt / EBITDA 3.43
Debt / FCF 20.73
Interest Coverage 3.51

Financial Efficiency

Return on Equity is 49.34% and Return on Invested Capital is 10.83%.

Return on Equity 49.34%
Return on Assets 5.63%
Return on Invested Capital 10.83%
Revenue Per Employee $4.86M
Profits Per Employee $379.55K
Employee Count 3,370
Asset Turnover 0.72
Inventory Turnover 36.27

Taxes

Income Tax 384.5M
Effective Tax Rate 19.84%

Stock Price Statistics

The stock price has increased by 57.98% in the last 52 weeks. The beta is 1.75, so Targa Resources's price volatility has been higher than the market average.

Beta 1.75
52-Week Price Change 57.98%
50-Day Moving Average 198.18
200-Day Moving Average 170.6
Relative Strength Index (RSI) 37.5
Average Volume (20 Days) 1.64M

Income Statement

In the last 12 months, Targa Resources had revenue of 16.38B and earned 1.28B in profits. Earnings per share was 5.81.

Revenue 16.38B
Gross Profit 4.26B
Operating Income 2.7B
Net Income 1.28B
EBITDA 4.13B
EBIT 2.71B
Earnings Per Share (EPS) 5.81
Full Income Statement

Balance Sheet

The company has 157.3M in cash and 14.17B in debt, giving a net cash position of -14.02B.

Cash & Cash Equivalents 157.3M
Total Debt 14.17B
Net Cash -14.02B
Retained Earnings 1.19B
Total Assets 22.73B
Working Capital -876.3M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 3.65B and capital expenditures -2.97B, giving a free cash flow of 683.9M.

Operating Cash Flow 3.65B
Capital Expenditures -2.97B
Free Cash Flow 683.9M
FCF Per Share 3.11
Full Cash Flow Statement

Margins

Gross margin is 25.98%, with operating and profit margins of 16.45% and 7.81%.

Gross Margin 25.98%
Operating Margin 16.45%
Pretax Margin 11.83%
Profit Margin 7.81%
EBITDA Margin 25.2%
EBIT Margin 16.45%
FCF Margin 4.17%

Dividends & Yields

TRGP pays an annual dividend of $3, which amounts to a dividend yield of 1.52%.

Dividend Per Share $3.00
Dividend Yield 1.52%
Dividend Growth (YoY) 50%
Payout Ratio 52.36%
Earnings Yield 3.25%
FCF Yield 1.74%
Dividend Details

Analyst Forecast

The average price target for TRGP is $223, which is 23.4% higher than the current price. The consensus rating is "Buy".

Price Target $223
Price Target Difference 23.4%
Analyst Consensus Buy
Analyst Count 15
Stock Forecasts

Scores

Altman Z-Score 2.59
Piotroski F-Score 6