TRGP Stock: Targa Resources Corp. Stock Price, Analysis & Insights

Get live trgp stock price $183.15, comprehensive Targa Resources Corp. stock analysis, charts, news, and expert forecast. Real-time trgp stock data and investment insights.

183.15

1.39%Today

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

Market Cap

39.32B

Volume

919.09K

52W High

218.51

52W Low

144.14

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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 & Business Insights

Energy

Oil & Gas Midstream

Investment Highlights

✓ Strong presence in the Energy sector with established market position

✓ Growth-oriented company with premium valuation (P/E: 24.4)

Business Model & Strategy

Targa Resources Corp. operates in the Oil & Gas Midstream industry, focusing on energy exploration, production, and distribution. Under the leadership of CEO Matthew J. Meloy, the company navigates Energy sector dynamics while pursuing growth opportunities. The Oil & Gas Midstream model requires operational efficiency, safety standards, and environmental compliance to maintain competitiveness and drive shareholder value.

Market Position & Competitive Landscape

Targa Resources Corp. competes in the Oil & Gas Midstream within the broader Energy. With 39.3 billion in market capitalization, the company is positioned as a established player in its sector. The Energy is characterized by commodity price volatility, energy transition, and geopolitical factors. As a publicly traded company on the New York Stock Exchange, Targa Resources Corp. provides investors with liquidity and transparency while subject to regulatory oversight. Investors evaluating Targa Resources Corp. should consider industry-specific trends, competitive positioning, and Energy sector fundamentals.

Important Investment Considerations

⚠All investments carry risk, including potential loss of principal for Targa Resources Corp. shareholders
⚠Market volatility can significantly impact stock price, especially for mid-cap stocks
⚠Sector-specific risks in Energy may affect company performance
⚠Past performance does not guarantee future results for Targa Resources Corp.
⚠Investors should consider how Targa Resources Corp. fits within their overall portfolio allocation

Market Cap

39.32B

P/E Ratio

24.42

Beta

0.89

Investment Analysis & Insights

Key Investment Highlights

Market Position: Energy leader with 39.32B market capitalization
Trading Volume: 919.09K shares traded today
Price Range: 52-week range of $144.14 - $218.51
Exchange: Listed on New York Stock Exchange

Financial Metrics

P/E Ratio:24.42

EPS:$7.50

Beta:0.89

Avg Volume:1.59M

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 39.32B, the company represents a significant player in its market. The stock is currently trading at $183.15 with a negativedaily change of 1.39%.

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 24.42, beta of 0.89, and 52-week price range from $144.14 to $218.51when evaluating investment opportunities.