Head-To-Head Review: Targa Resources Partners (NGLS) and Its Competitors
Targa Resources Partners (NYSE: NGLS) is one of 38 publicly-traded companies in the “Oil & Gas Refining and Marketing” industry, but how does it contrast to its rivals? We will compare Targa Resources Partners to similar companies based on the strength of its risk, analyst recommendations, dividends, earnings, valuation, profitability and institutional ownership.
Insider & Institutional Ownership
47.4% of shares of all “Oil & Gas Refining and Marketing” companies are owned by institutional investors. 11.7% of shares of all “Oil & Gas Refining and Marketing” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Targa Resources Partners pays an annual dividend of $3.30 per share and has a dividend yield of 31.0%. Targa Resources Partners pays out 423.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Oil & Gas Refining and Marketing” companies pay a dividend yield of 5.5% and pay out 394.4% of their earnings in the form of a dividend. Targa Resources Partners has raised its dividend for 7 consecutive years.
Earnings & Valuation
This table compares Targa Resources Partners and its rivals revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Targa Resources Partners||N/A||N/A||13.64|
|Targa Resources Partners Competitors||$40.29 billion||$686.61 million||234.71|
Targa Resources Partners’ rivals have higher revenue and earnings than Targa Resources Partners. Targa Resources Partners is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This table compares Targa Resources Partners and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Targa Resources Partners||3.27%||0.29%||1.61%|
|Targa Resources Partners Competitors||-1.29%||3.41%||1.67%|
This is a summary of recent ratings for Targa Resources Partners and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Targa Resources Partners||0||1||0||0||2.00|
|Targa Resources Partners Competitors||385||1884||2499||115||2.48|
Targa Resources Partners presently has a consensus target price of $52.00, indicating a potential upside of 388.72%. As a group, “Oil & Gas Refining and Marketing” companies have a potential upside of 10.12%. Given Targa Resources Partners’ higher possible upside, research analysts clearly believe Targa Resources Partners is more favorable than its rivals.
Targa Resources Partners rivals beat Targa Resources Partners on 9 of the 12 factors compared.
About Targa Resources Partners
Targa Resources Partners LP is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States with a presence in crude oil gathering and petroleum terminaling. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to liquefied petroleum gas (LPG) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. The Company operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets and Marketing and Distribution.
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