0LD9.L - Targa Resources Corp.
| Previous close | 48.73 |
| Open | 38.13 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 38.13 - 38.13 |
| 52-week range | 38.13 - 38.13 |
| Volume | 43,798 |
| Avg. volume | N/A |
| Market cap | N/A |
| Beta (5Y monthly) | 1.66 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.41 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Bloomberg
Energy Capital Pauses Pipeline Deals on Widening Shale Despair
(Bloomberg) -- Energy Capital Partners LLC is pausing new pipeline deals, according to people familiar with the matter, as the accelerating downturn in shale prompts investors to seek returns elsewhere.The private-equity powerhouse’s head of midstream investments, Scott Rogan, is departing, said the people, who asked not to be named because the information is not public. Energy Capital’s current midstream investments will be managed by other teams within the company, they said, and the firm will keep its Houston office.Investors have been fleeing the U.S. oil and natural gas sector as supply gluts swelled and once-vaunted shale investments failed to deliver returns. The contagion is also infecting the midstream industry that for a time had been largely immune from the shakeout. Private equity firms have struggled to attract buyers for their investments as public-equity markets effectively shut to larger, traditional pipeline companies.An Energy Capital spokeswoman declined to comment. Rogan couldn’t be reached for comment.Backing PipelinesEnergy Capital recently reached the close of its flagship fund, raising $3.3 billion and bringing total commitments across all funds to more than $20 billion.While midstream deals are unlikely in the short- to medium-term, Energy Capital has been active in power and renewables. The firm in July bought storage developer Convergent Energy and Power Inc. The deal came roughly two years after it led a consortium that took independent power producer Calpine Corp. private for $17.1 billion in equity and debt.Rather than invest in oil explorers, Energy Capital had focused on backing pipeline operators, with almost $3 billion invested in the midstream space, according to its website. That included two publicly traded operators: Targa Resources Corp. and Summit Midstream Partners LP.Energy Capital said on its website that the strategy allowed the firm to “not compete with the customers we seek to build a contractual relationship with.”To contact the reporters on this story: Rachel Adams-Heard in Houston at radamsheard@bloomberg.net;Kiel Porter in Chicago at kporter17@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Joe Carroll, Reg GaleFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Simply Wall St.
When Will Targa Resources Corp. (NYSE:TRGP) Turn A Profit?
Targa Resources Corp.'s (NYSE:TRGP): Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP...
- Simply Wall St.
Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
How far off is Targa Resources Corp. (NYSE:TRGP) from its intrinsic value? Using the most recent financial data, we'll...
- Motley Fool
Is Targa Resources a Buy?
The high-yielding midstream company is about to stomp on the accelerator.
Motley FoolTarga Resources Corp (TRGP) Q2 2019 Earnings Call Transcript
TRGP earnings call for the period ending June 30, 2019.
- Motley Fool
3 Top Infrastructure Stocks to Watch This Month
Infrastructure companies can provide a great foundation for any portfolio.
- Motley Fool
Danger Lurks for These 2 High-Yield Dividend Stocks
Weaker financial profiles and greater exposure to commodity prices make these midstream companies riskier options.
Motley FoolTarga Resources Corp (TRGP) Q1 2019 Earnings Call Transcript
TRGP earnings call for the period ending March 31, 2019.
- Motley Fool
Pioneer Natural Resources Delivers Another Permian Gusher in Q1
The Permian Basin-focused driller's strategy is paying dividends.
- Motley Fool
Can Kinder Morgan Continue Succeeding Where Others Have Failed?
The natural gas pipeline giant is working on a third gas pipeline out of the Permian Basin.
- Motley Fool
This High-Yield Dividend Stock Could Richly Reward Investors
This midstream company’s 9.3% yield is only part of the equation.
- Motley Fool
At More Than 7%, These 2 High-Yield Stocks Should Catch Your Attention
These energy companies offer big yields and enticing growth prospects.
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This High-Yield Pipeline Stock Makes Another Smart Move
Williams Companies is partnering with a pension plan to strengthen its position.
Motley FoolTarga Resources (TRGP) Q4 2018 Earnings Conference Call Transcript
TRGP earnings call for the period ending December 31, 2018.
