Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, midstream natural gas services specialist Targa Resources Partners (NYSE: NGLS) has earned a coveted five-star ranking.
With that in mind, let's take a closer look at Targa and see what CAPS investors are saying about the stock right now.
Targa facts
|
Headquarters (founded) |
Houston, Texas (2006) |
|
Market Cap |
$5.0 billion |
|
Industry |
Oil and gas storage and transportation |
|
Trailing-12-Month Revenue |
$5.6 billion |
|
Management |
CEO Joe Perkins COO Michael Heim |
|
Return on Equity (average, past 3 years) |
13.6% |
|
Cash/Debt |
$102.1 million / $2.5 billion |
|
Dividend Yield |
5.7% |
|
Competitors |
BP Enterprise Products Partners ONEOK Partners |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 94% of the 286 members who have rated Targa believe the stock will outperform the S&P 500 going forward.
Earlier today, one of those Fools, AnsgarJohn, succinctly summed up the Targa bull case for our community:
Targa Resources Partners (NGLS) is in the right place at the right time to take advantage of the midcontinent boom in the U.S. production of natural gas liquids, a key feedstock for the chemical industry. This master limited partnership has just made its first acquisition in the Bakken Shale formation, adding an oil pipeline to its natural gas liquids focus. ...
Distributions have grown at an average annual rate of 12.5% over the last five years. (Master limited partnerships are tax-advantaged vehicles best owned outside a retirement account. Part of the annual distribution is treated as a return of capital and is not taxed until you sell the units.)
