Trade

with

Targa Resources Partners LP
(NYSE: NGLS)
AdChoices
63.70
+0.18
+0.28%
After Hours :
63.64
-0.06
-0.09%

Open

63.75

Previous Close

63.52

Volume (Avg)

407.75k (371.26k)

Day's Range

62.92-65.00

52Wk Range

48.09-83.49

Market Cap.

7.31B

Dividend Rate (Yield )

3.12 (4.74%)

Beta

0.85

Shares Outstanding

114.74M

P/E Ratio (EPS)

26.18 (2.43)

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

    • 6.56B

    • Net Income

    • 233.50M

    • Market Cap.

    • 7.31B

    • Enterprise Value

    • -

    • Net Profit Margin %

    • 3.32

    • PEG (Price/Earnings Growth) Ratio

    • 2.40

    • Beta

    • 0.85

    • Forward P/E

    • 27.70

    • Price/Sales

    • 0.87

    • Price/Book Value

    • 3.30

    • Price/Cash flow

    • 10.49

      • 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
      10/17/2014
      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

                • 26.11

                • 43.48

                • P/E Ratio 5-Year High

                • 34.32

                • 1,147.87

                • P/E Ratio 5-Year Low

                • 7.07

                • 253.05

                • Price/Sales Ratio

                • 0.87

                • 1.40

                • Price/Book Value

                • 3.29

                • 2.99

                • Price/Cash Flow Ratio

                • 10.49

                • 12.29

                • 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
                  10.49
                  Ownership

                  Institutional Ownership

                  62.05%

                  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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