Targa Resources (NYSE:TRGP) will be issuing its quarterly earnings data before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

Shares of Targa Resources (NYSE TRGP) opened at $45.17 on Monday. Targa Resources has a 12-month low of $39.59 and a 12-month high of $60.62. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.74 and a quick ratio of 0.57. The company has a market cap of $9,740.14, a PE ratio of -16.98 and a beta of 2.07.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.91 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $3.64 annualized dividend and a dividend yield of 8.06%. Targa Resources’s dividend payout ratio is -136.84%.

TRGP has been the subject of several research analyst reports. Bank of America initiated coverage on shares of Targa Resources in a research report on Tuesday, January 9th. They issued a “neutral” rating for the company. BidaskClub cut shares of Targa Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Targa Resources from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Barclays reaffirmed a “hold” rating and issued a $50.00 target price on shares of Targa Resources in a research report on Thursday, October 19th. Finally, TheStreet cut shares of Targa Resources from a “c-” rating to a “d+” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $55.33.

In related news, VP John Richard Klein sold 2,292 shares of Targa Resources stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $41.85, for a total transaction of $95,920.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.93% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://theolympiareport.com/2018/02/12/targa-resources-trgp-to-release-quarterly-earnings-on-tuesday.html.

Targa Resources Company Profile

Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products.

Earnings History for Targa Resources (NYSE:TRGP)

Receive News & Ratings for Targa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources and related companies with MarketBeat.com's FREE daily email newsletter.