Targa Resources Corp.

Targa Resources Corp.verified

TRGP

Price:

$131.57

Market Cap:

$29.17B

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 pr...[Read more]

Industry

Oil & Gas Midstream

IPO Date

2010-12-07

Stock Exchange

NYSE

Ticker

TRGP

The PE Ratio as of July 2024 (TTM) for Targa Resources Corp. (TRGP) is 27.18

According to Targa Resources Corp.’s latest financial reports and current stock price. The company's current PE Ratio is 27.18. This represents a change of 47.55% compared to the average of 18.42 of the last 4 quarters.

Targa Resources Corp. (TRGP) Historical PE Ratio (quarterly & annually)

How has TRGP PE Ratio performed in the past?

The mean historical PE Ratio of Targa Resources Corp. over the last ten years is 553.98. The current 27.18 PE Ratio has changed 390.63% with respect to the historical average. Over the past ten years (40 quarters), TRGP's PE Ratio was at its highest in in the March 2015 quarter at 342.75. The PE Ratio was at its lowest in in the March 2016 quarter at -443.98.

Quarterly (TTM)
Annual

Average

553.98

Median

26.56

Minimum

-55.30

Maximum

5.05K

Targa Resources Corp. (TRGP) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Targa Resources Corp. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.65%

Maximum Annual PE Ratio = 5.05K

Minimum Annual Increase = -711.99%

Minimum Annual PE Ratio = -55.30

Quarterly (TTM)
Annual
YearPE RatioChange
202323.3425.31%
202218.63-34.15%
202128.29-711.99%
2020-4.62-102.01%
2019230.41-95.43%
20185.05K2.65%
2017183.38-431.63%
2016-55.30-322.69%
201524.83-42.97%
201443.54-22.72%

Targa Resources Corp. (TRGP) Average PE Ratio

How has TRGP PE Ratio performed in the past?

The current PE Ratio of Targa Resources Corp. (TRGP) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

23.42

5-year avg

59.21

10-year avg

553.98

Targa Resources Corp. (TRGP) PE Ratio vs. Peers

How is TRGP’s PE Ratio compared to its peers?

Targa Resources Corp.’s PE Ratio is greater than Plains GP Holdings, L.P. (11.06), greater than DCP Midstream, LP (15.36), greater than Equitrans Midstream Corporation (12.40), greater than Western Midstream Partners, LP (10.87), less than EnLink Midstream, LLC (0), less than Plains All American Pipeline, L.P. (38.27), greater than Holly Energy Partners, L.P. (12.78), greater than Hess Midstream LP (10.81), greater than MPLX LP (19.67), greater than NuStar Energy L.P. (10.89), greater than Magellan Midstream Partners, L.P. (13.46), greater than Crestwood Equity Partners LP (13.61), greater than null (16.39),

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