Patrick McDonie - Targa Resources President
| TRGP Stock | USD 112.31 0.68 0.60% |
President
Mr. Patrick J. McDonie was appointed President Gathering and Processing of the Company. He has served as PresidentGathering and Processing of the Company and the General Partner since March 1, 2018. Mr. McDonie previously served as Executive Vice PresidentSouthern Field Gathering and Processing of the Company and the General Partner between November 12, 2015 and February 28, 2018. He also served as President of Atlas Pipeline Partners GP LLC, which was acquired by the Partnership on February 28, 2015, between October 2013 and February 2015. He also served as Chief Operating Officer of Atlas between July 2012 and October 2013 and as Senior Vice President of Atlas between July 2012 and October 2013. He served as President of ONEOK Energy Services Company, a natural gas transportation, storage, supplier and marketing company between May 2008 and July 2012. since 2018.
| Age | 63 |
| Tenure | 6 years |
| Address | 811 Louisiana Street, Houston, TX, United States, 77002 |
| Phone | 713 584 1000 |
| Web | https://www.targaresources.com |
Targa Resources Management Efficiency
The company has return on total asset (ROA) of 0.0816 % which means that it generated a profit of $0.0816 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3293 %, meaning that it created $0.3293 on every $100 dollars invested by stockholders. Targa Resources' management efficiency ratios could be used to measure how well Targa Resources manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Targa Resources' Return On Tangible Assets are relatively stable compared to the past year. As of 05/04/2024, Return On Assets is likely to grow to 0.04, while Return On Capital Employed is likely to drop 0.06. At this time, Targa Resources' Non Current Liabilities Total is relatively stable compared to the past year. As of 05/04/2024, Change To Liabilities is likely to grow to about 42.9 M, while Total Current Liabilities is likely to drop slightly above 1.6 B.Similar Executives
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Management Performance
| Return On Equity | 0.33 | |||
| Return On Asset | 0.0816 |
Targa Resources Leadership Team
Elected by the shareholders, the Targa Resources' board of directors comprises two types of representatives: Targa Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Targa. The board's role is to monitor Targa Resources' management team and ensure that shareholders' interests are well served. Targa Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Targa Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Middlebrooks, Executive Vice President - Northern Field Gathering and Processing | ||
| G White, Executive Vice President - Operations | ||
| D Pryor, Executive Vice President - Logistics and Marketing | ||
| Clark White, Executive Vice President - Engineering and Operations | ||
| Jeffrey McParland, President of Fin. and Admin. | ||
| Joel Thomas, Senior Treasurer | ||
| John Sparger, Chief Accounting Officer and Sr. VP | ||
| John Klein, Senior Vice President Chief Accounting Officer | ||
| Julie Boushka, Senior Vice President Chief Accounting Officer | ||
| Denny Latham, Executive Partner | ||
| James Whalen, Executive Chairman | ||
| Ershel Redd, Independent Director | ||
| Robert Evans, Independent Director | ||
| Scott Pryor, Executive Vice President - Logistics and Marketing | ||
| Jennifer Kneale, Chief Financial Officer | ||
| Gerald Shrader, General VP | ||
| Waters Davis, Independent Director | ||
| Dan Middlebrooks, Executive Vice President - Northern Field Gathering and Processing | ||
| Patrick McDonie, Executive Vice President - Southern Field Gathering and Processing | ||
| Sanjay Lad, Vice Relations | ||
| Robert Muraro, Executive Vice President - Commercial | ||
| Charles Crisp, Independent Director | ||
| Lindsey Cooksen, Independent Director | ||
| Matthew Meloy, Chief Executive Officer, Director | ||
| Regina Gregory, General Partner, Executive Vice President General Counsel, Secretary | ||
| Laura Fulton, Independent Director | ||
| Paul Chung, Executive Vice President General Counsel, Secretary | ||
| Michael Heim, Pres and COO | ||
| Joe Perkins, CEO and Director | ||
| Rene Joyce, Executive Chairman of Directors | ||
| Beth Bowman, Independent Director | ||
| Chris Tong, Independent Director |
Targa Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Targa Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.33 | |||
| Return On Asset | 0.0816 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.15 % | |||
| Current Valuation | 39.85 B | |||
| Shares Outstanding | 222.54 M | |||
| Shares Owned By Insiders | 1.48 % | |||
| Shares Owned By Institutions | 94.12 % | |||
| Number Of Shares Shorted | 3.99 M | |||
| Price To Earning | 75.42 X |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.Note that the Targa Resources information on this page should be used as a complementary analysis to other Targa Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Targa Stock analysis
When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.
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Is Targa Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Targa Resources. If investors know Targa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Targa Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.11) | Dividend Share 2 | Earnings Share 3.66 | Revenue Per Share 71.506 | Quarterly Revenue Growth (0.07) |
The market value of Targa Resources is measured differently than its book value, which is the value of Targa that is recorded on the company's balance sheet. Investors also form their own opinion of Targa Resources' value that differs from its market value or its book value, called intrinsic value, which is Targa Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Targa Resources' market value can be influenced by many factors that don't directly affect Targa Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Targa Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Targa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Targa Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.