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Targa Resources Corp
NYSE:TRGP

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Targa Resources Corp Logo
Targa Resources Corp
NYSE:TRGP
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Price: 111.99 USD 0.85% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. [ Read More ]

The intrinsic value of one TRGP stock under the Base Case scenario is 104.75 USD. Compared to the current market price of 111.99 USD, Targa Resources Corp is Overvalued by 6%.

Key Points:
TRGP Intrinsic Value
Base Case
104.75 USD
Overvaluation 6%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Targa Resources Corp

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Fundamental Analysis

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of Targa Resources Corp's business.

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does Targa Resources Corp face in the near future?

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of Targa Resources Corp.

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Financials

Balance Sheet Decomposition
Targa Resources Corp

Current Assets 2.2B
Cash & Short-Term Investments 141.7m
Receivables 1.5B
Other Current Assets 581.9m
Non-Current Assets 18.5B
Long-Term Investments 146.3m
PP&E 15.8B
Intangibles 2.4B
Other Non-Current Assets 173.9m
Current Liabilities 2.8B
Accounts Payable 1.6B
Accrued Liabilities 511.3m
Other Current Liabilities 674.7m
Non-Current Liabilities 15.2B
Long-Term Debt 12.3B
Other Non-Current Liabilities 2.8B
Efficiency

Earnings Waterfall
Targa Resources Corp

Revenue
16.1B USD
Cost of Revenue
-10.7B USD
Gross Profit
5.4B USD
Operating Expenses
-2.8B USD
Operating Income
2.6B USD
Other Expenses
-1.8B USD
Net Income
828.2m USD

Free Cash Flow Analysis
Targa Resources Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

TRGP Profitability Score
Profitability Due Diligence

Targa Resources Corp's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
ROE is Increasing
Exceptional ROE
Positive Free Cash Flow
55/100
Profitability
Score

Targa Resources Corp's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

TRGP Solvency Score
Solvency Due Diligence

Targa Resources Corp's solvency score is 25/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Average Altman Z-Score
Positive Net Debt
25/100
Solvency
Score

Targa Resources Corp's solvency score is 25/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

TRGP Price Targets Summary
Targa Resources Corp

Wall Street analysts forecast TRGP stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for TRGP is 111.61 USD with a low forecast of 95.95 USD and a high forecast of 128.1 USD.

Lowest
Price Target
95.95 USD
14% Downside
Average
Price Target
111.61 USD
0% Downside
Highest
Price Target
128.1 USD
14% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

TRGP Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

TRGP Price
Targa Resources Corp

1M 1M
+14%
6M 6M
+31%
1Y 1Y
+58%
3Y 3Y
+268%
5Y 5Y
+215%
10Y 10Y
+85%
Annual Price Range
111.99
52w Low
68.05
52w High
111.99
Price Metrics
Average Annual Return 28.31%
Standard Deviation of Annual Returns 58.66%
Max Drawdown -89%
Shares Statistics
Market Capitalization 24.9B USD
Shares Outstanding 222 611 259
Percentage of Shares Shorted 2.06%

TRGP Return Decomposition
Main factors of price return

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TRGP News

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Company Profile

Targa Resources Corp Logo
Targa Resources Corp

Country

United States of America

Industry

Energy

Market Cap

24.9B USD

Dividend Yield

1.79%

Description

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. The company is headquartered in Houston, Texas and currently employs 2,430 full-time employees. The company went IPO on 2010-12-07. The firm owns, operates, acquires and develops a diversified portfolio of domestic midstream infrastructure assets. The firm operates through two primary segments: Gathering and Processing, and Logistics and Transportation. Its Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs), and assets used for the gathering and terminaling and/or purchase and sale of crude oil. Its Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services, such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products.

Contact

TEXAS
Houston
1000 Louisiana St Ste 4300
+17135841000.0
https://www.targaresources.com/

IPO

2010-12-07

Employees

2 430

Officers

CEO & Director
Mr. Matthew J. Meloy
Chief Financial Officer
Ms. Jennifer R. Kneale
President of Logistics & Transportation
Mr. D. Scott Pryor
President of Gathering & Processing
Mr. Patrick J. McDonie
Chief Commercial Officer
Mr. Robert M. Muraro
Executive Vice President of Operations
Mr. G. Clark White
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Senior VP & Chief Accounting Officer
Ms. Julie H. Boushka
Vice President of Finance & Investor Relations
Mr. Sanjay Lad
Executive VP, General Counsel & Secretary
Mr. Gerald R. Shrader
Executive VP of Permian & General Partner
Mr. Denny Latham
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See Also

Discover More
What is the Intrinsic Value of one TRGP stock?

The intrinsic value of one TRGP stock under the Base Case scenario is 104.75 USD.

Is TRGP stock undervalued or overvalued?

Compared to the current market price of 111.99 USD, Targa Resources Corp is Overvalued by 6%.