Targa Resources Corp. (TRGP) Stock Analysis

167.60

0.43%Today

TRGP • Targa Resources Corp. • New York Stock Exchange • Energy

Market Cap

36.36B

Volume

337.82K

52W High

218.51

52W Low

135.16

Company Overview

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages 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. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it 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. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

Contact Information

Website: https://www.targaresources.com
Address: 811 Louisiana Street
Country: US

Investment Analysis & Insights

Key Investment Highlights

Market Position: Energy leader with 36.36B market capitalization
Trading Volume: 337.82K shares traded today
Price Range: 52-week range of $135.16 - $218.51
Exchange: Listed on New York Stock Exchange

Financial Metrics

P/E Ratio:24.01

EPS:$6.98

Beta:1.13

Avg Volume:1.71M

Market Analysis for Targa Resources Corp.

Targa Resources Corp. (TRGP) operates in the Oil & Gas Midstream industry within the Energy sector. With a current market capitalization of 36.36B, the company represents a significant player in its market. The stock is currently trading at $167.60 with a positivedaily change of 0.43%.

The company's 3370 employee base and presence on the New York Stock Exchangeexchange position it as a Energy sector leader. Investors should consider the stock's P/E ratio of 24.01, beta of 1.13, and 52-week price range from $135.16 to $218.51when evaluating investment opportunities.