Trade

with

Targa Resources Partners LP
(NYSE: NGLS)
AdChoices
64.85
+1.15
+1.81%
After Hours :
64.85
0.00
0.00%

Open

63.96

Previous Close

63.70

Volume (Avg)

479.98k (374.52k)

Day's Range

63.96-66.25

52Wk Range

48.09-83.49

Market Cap.

7.44B

Dividend Rate (Yield )

3.12 (4.66%)

Beta

0.85

Shares Outstanding

114.74M

P/E Ratio (EPS)

26.67 (2.43)

AdChoices
Fundamentals
  • Key statistics
  • Growth
  • Profitability
  • Financial health
  • Price ratios
  • Trading statistics
  • Management effectiveness
Industry Oil & Gas Midstream
Highlights
Analyst Recommendation: Outperform
    • Revenue

    • 6.56B

    • Net Income

    • 233.50M

    • Market Cap.

    • 7.44B

    • Enterprise Value

    • -

    • Net Profit Margin %

    • 3.32

    • PEG (Price/Earnings Growth) Ratio

    • 2.45

    • Beta

    • 0.85

    • Forward P/E

    • 28.17

    • Price/Sales

    • 0.89

    • Price/Book Value

    • 3.36

    • Price/Cash flow

    • 10.72

      • EBITDA

      • 648.80M

      • Return on Capital %

      • 4.68

      • Return on Equity %

      • 13.37

      • Return on Assets %

      • 4.68

      • Book Value/Share

      • 19.32

      • Shares Outstanding

      • 114.74M

      • Last Split Factor (Date)

      • -

      • Last Dividend (Ex-Date)

      • 0.78 (7/24/2014)

      • Dividend Declaration Date

      • 7/15/2014

      Analyst Recommendation
      10/20/2014
      Outperform
        • 1 Year Price Target

        • 69.50

        • Credit Rating

        • B+

        • Analysts

        • 4

        • EPS Estimate

        • 2.30

        • Cashflow Estimate

        • 5.31

        Morningstar Consensus estimate data
        • Growth Rate (%)

        • Company

        • Industry

          • Sales (Revenue)

            Q/Q (last year)

          • 43.00

          • 14.40

          • Net Income

            YTD/YTD (last year)

          • 33.70

          • 10.05

          • Net Income

            Q/Q (last year)

          • 313.70

          • -3.06

          • Sales (Revenue)

            5-Year Annual Average

          • 25.88

          • 8.89

          • Net Income

            5-Year Annual Average

          • 20.60

          • 17.81

          • Dividends

            5-Year Annual Average

          • 8.89

          • 14.04

          • Profit Margins (%)

          • Company

          • Industry

            • Gross Margin

            • 12.78

            • 18.05

            • Pre-Tax Margin

            • -1.07

            • 6.98

            • Net Profit Margin

            • 3.32

            • 4.65

            • Average Gross Margin

              5-Year Annual Average

            • 11.90

            • 21.24

            • Average Pre-Tax Margin

              5-Year Annual Average

            • 1.40

            • 8.29

            • Average Net Profit Margin

              5-Year Annual Average

            • 1.90

            • 68.13B

            • Financial Ratios

            • Company

            • Industry

              • Debt/Equity Ratio

              • 1.34

              • 1.63

              • Current Ratio

              • 1.10

              • 0.81

              • Quick Ratio

              • 0.91

              • 0.59

              • Interest Coverage

              • -

              • 3.31

              • Leverage Ratio

              • 2.82

              • 3.81

              • Book Value/Share

              • 19.32

              • 14.77

              • Price Ratios

              • Company

              • Industry

                • Current P/E Ratio

                • 26.67

                • 44.05

                • P/E Ratio 5-Year High

                • 34.32

                • 1,147.87

                • P/E Ratio 5-Year Low

                • 7.07

                • 253.05

                • Price/Sales Ratio

                • 0.89

                • 1.41

                • Price/Book Value

                • 3.36

                • 3.03

                • Price/Cash Flow Ratio

                • 10.72

                • 12.42

                • Key Metrics

                • Company

                  • Shares Short

                    as of -

                  • -

                  • Short Ratio

                    as of -

                  • -

                  • Short % of Float

                    as of -

                  • -

                  • Shares Short

                    prior month

                  • -

                  • Trailing Annual Dividend Yield

                  • -

                  • 5 Year Average Dividend Yield

                  • -

                  • Key Metrics

                  • Company

                    • Payout Ratio

                    • 121.56

                    • Dividend Date

                    • 7/15/2014

                    • Ex-Dividend Date

                    • 7/24/2014

                    • Last Split Factor

                      new per old

                    • -

                    • Last Split Date

                    • -

                    • Key Metrics

                    • Company

                    • Industry

                      • Return on Equity %

                        (5-Year Average)

                      • 13.37

                        (9.70)

                      • 11.19

                        (10.75)

                      • Return on Assets %

                        (5-Year Average)

                      • 4.68

                        (3.30)

                      • 2.95

                        (3.25)

                      • Return on Capital %

                        (5-Year Average)

                      • 5.60

                        (7.90)

                      • 4.13

                        (4.26)

                      • Income/Employee

                      • -

                      • 119.28k

                      • Inventory Turnover

                      • 48.91

                      • 26.54

                      • Asset Turnover

                      • 1.41

                      • 0.63

                      Current Historical
                      Financials
                      • Income Statement
                      • Balance Sheet
                      • Cash Flow
                      Operating Income
                      377.20M
                      Operating Margin
                      5.75
                      Total Equity
                      -
                      Retained Earnings
                      -
                      Free Cashflow
                      -
                      Price/Cashflow
                      10.72
                      Ownership

                      Institutional Ownership

                      62.06%

                      Top 10 Institutions

                      34.68%

                      Mutual Fund Ownership

                      28.24%

                      Float

                      88.13%

                      5% / Insider Ownership

                      0.42%

                      Corporate insiders or major stockholders reporting trading activity in the stock.

                      Top Mutual Fund Owners

                      Top Institutional Owners

                      Mutual Fund Name

                      Institution Name

                      • Mutual Fund Name

                      • Shares Held

                      • % Change

                      • % Outstanding

                      • Alerian MLP ETF

                      •  

                        5,497,098

                      • 1.12

                      • 4.79

                      • Center Coast MLP Focus Fund

                      •  

                        3,598,503

                      • 9.65

                      • 3.15

                      • Kayne Anderson MLP

                      •  

                        2,497,000

                      • 3.83

                      • 2.18

                      • Oppenheimer SteelPath MLP Alpha Fund

                      •  

                        2,335,054

                      • 10.58

                      • 2.04

                      • ClearBridge Energy MLP

                      •  

                        2,273,358

                      • 0.00

                      • 1.99

                      • Tortoise MLP

                      •  

                        1,354,200

                      • 10.58

                      • 1.18

                      • ClearBridge American Energy MLP Common

                      •  

                        1,279,982

                      • 0.00

                      • 1.12

                      • Oppenheimer SteelPath MLP Select 40

                      •  

                        1,210,397

                      • 0.00

                      • 1.05

                      • ClearBridge Energy MLP TR Fund

                      •  

                        1,155,960

                      • 0.00

                      • 1.01

                      • ClearBridge Energy MLP Opps

                      •  

                        1,155,240

                      • 0.00

                      • 1.01

                      • Institution Name

                      • Shares Held

                      • % Change

                      • % Outstanding

                      • ClearBridge Advisors, LLC

                      •  

                        7,176,760

                      • -1.86%

                      • 6.27

                      • Tortoise Capital Advisors, LLC

                      •  

                        5,881,019

                      • +5.47%

                      • 5.14

                      • OppenheimerFunds, Inc.

                      •  

                        4,727,442

                      • +0.32%

                      • 4.13

                      • OFI SteelPath, Inc.

                      •  

                        4,347,152

                      • +6.41%

                      • 3.79

                      • Center Coast Capital Advisors, LP

                      •  

                        4,000,016

                      • -8.22%

                      • 3.49

                      • Goldman Sachs Asset Management, L.P.

                      •  

                        3,823,614

                      • +20.06%

                      • 3.34

                      • Kayne Anderson Capital Advisors LP

                      •  

                        3,764,756

                      • -1.75%

                      • 3.29

                      • Deutsche Asset Mgmt Invst Gesenschaft

                      •  

                        2,572,514

                      • +2.12%

                      • 2.25

                      • Merrill Lynch & Co Inc

                      •  

                        1,803,084

                      • +0.91%

                      • 1.57

                      • Epoch Investment Partners, Inc.

                      •  

                        1,617,802

                      • +2.87%

                      • 1.41

                      Company Profile

                      Sector

                      Energy

                      Industry

                      Oil & Gas Midstream

                      Type

                      Hard Assets

                      Style

                      Mid Core

                      Targa Resources Partners LP is a publicly traded Delaware limited partnership formed in October 2006 by Targa Resources Corp. The Company owns, operates, acquires and develops a diversified portfolio of complementary midstream energy...more assets. It is a provider of midstream natural gas and NGL services in the United States, with a growing presence in crude oil gathering and petroleum terminaling. Its activities include gathering, compressing, treating, processing and selling natural gas, storing, fractionating, treating, transporting, terminaling and selling NGLs and NGL products, gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. To provide these services, it operates in two primary divisions Gathering and Processing, consisting of two report...moreable segments Field Gathering and Processing and Coastal Gathering and Processing, and Logistics and Marketing consisting of two reportable segments, Logistics Assets and Marketing and Distribution. The Company faces strong competition in acquiring new natural gas supplies. Competition for natural gas and crude oil supplies is primarily based on the location of gathering and processing facilities, pricing arrangements, reputation, efficiency, flexibility, reliability and access to end-use markets or liquid marketing hubs. Its competitors include Atlas Gas Pipeline Company, Kinder Morgan Energy Partners, L.P., WTG Gas Processing, L.P., DCP Midstream Partners LP, Devon Energy Corp, Enbridge Inc, ONEOK – Rockies Midstream, L.L.C., GulfSouth Pipeline Company, LP, Hanlon Gas Processing, Ltd., J W Operating Company, Louisiana Intrastate Gas and several other interstate pipeline companies. Its competitors for crude oil gathering services in North Dakota include Arrow Midstream Holdings, LLC, Hiland Partners, LP, Great Northern Midstream LLC, Caliber Midstream Partners, LP and Bridger Pipeline LLC.lessless

                      Key People

                      Joe Bob Perkins

                      CEO/Director

                      Rene R. Joyce

                      Chairman of the Board/Director

                      Mr. Matthew J. Meloy

                      CFO/Senior VP/Treasurer

                      Paul W. Chung

                      Executive VP/General Counsel/Secretary

                      Roy E. Johnson

                      Executive VP

                      • Targa Resources Partners LP

                      • 1000 Louisiana Street

                      • Houston, TX 77002

                      • USA.Map

                      • Phone: +1 713 584-1000

                      • Fax: +1 713 584-1100

                      • targaresources.com

                      Incorporated

                      2006

                      Employees

                      1,096

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