Targa Resources (TRGP) to Release Quarterly Earnings on Tuesday
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%.
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.
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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.
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