Targa Resources is a provider of midstream services and midstream infrastructure company in North America. Co. operates in two main segments: Gathering and Processing, which includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGL); and assets used for the gathering and terminaling and/or purchase and sale of crude oil; and Logistics and Transportation, which includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and services. We show 54 historical shares outstanding datapoints in our TRGP shares outstanding history coverage, used to compute TRGP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Targa Resources market cap history over the course of time is important for investors
interested in comparing Targa Resources's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of Targa Resources versus a peer is one thing; comparing
Targa Resources market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like Targa Resources can fluctuate over the course of history.
With this page we aim to empower investors researching Targa Resources by allowing them to research the Targa Resources market cap history. |
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Video: The Importance of Market Cap
