Targa Resources (TRGP) to Release Earnings on Thursday

Targa Resources (NYSE:TRGP - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Targa Resources to post earnings of $1.90 per share and revenue of $4.48 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Targa Resources Trading Up 0.5 %

Targa Resources stock traded up $1.09 during trading hours on Friday, reaching $205.51. The company had a trading volume of 1,181,708 shares, compared to its average volume of 1,412,816. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61. The company has a 50-day moving average price of $193.87 and a 200 day moving average price of $173.92. The firm has a market cap of $44.81 billion, a price-to-earnings ratio of 37.16, a P/E/G ratio of 0.59 and a beta of 2.29. Targa Resources has a 12-month low of $88.50 and a 12-month high of $218.51.

Targa Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a yield of 1.46%. Targa Resources's dividend payout ratio (DPR) is currently 54.25%.

Analysts Set New Price Targets

A number of brokerages have commented on TRGP. Wells Fargo & Company lifted their price target on Targa Resources from $190.00 to $204.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Morgan Stanley lifted their price target on Targa Resources from $173.00 to $202.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Barclays boosted their target price on Targa Resources from $171.00 to $204.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. The Goldman Sachs Group boosted their target price on Targa Resources from $185.00 to $223.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, UBS Group boosted their target price on Targa Resources from $182.00 to $246.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $189.21.

Targa Resources Company Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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.