TRGP - Targa Resources Corp Stock Price, Fair Value and News

117.68USD+0.78 (+0.67%)Market Closed

Market Summary

USD117.68+0.78

Market Closed

0.67%

TRGP Stock Price

View Fullscreen

TRGP RSI Chart

TRGP Valuation

Market Cap

26.1B

Price/Earnings (Trailing)

19.39

Price/Sales (Trailing)

1.63

EV/EBITDA

11.7

Price/Free Cashflow

31.59

TRGP Price/Sales (Trailing)

TRGP Profitability

EBT Margin

12.09%

Return on Equity

49.13%

Return on Assets

6.51%

Free Cashflow Yield

3.17%

TRGP Fundamentals

TRGP Revenue

Revenue (TTM)

16.1B

Rev. Growth (Yr)

-6.92%

Rev. Growth (Qtr)

8.8%

TRGP Earnings

Earnings (TTM)

1.3B

Earnings Growth (Yr)

-5.79%

Earnings Growth (Qtr)

36.18%

Breaking Down TRGP Revenue

Last 7 days

4.2%

Last 30 days

4.8%

Last 90 days

36%

Trailing 12 Months

54.9%

How does TRGP drawdown profile look like?

TRGP Financial Health

Current Ratio

0.79

Debt/Equity

4.5

Debt/Cashflow

0.26

TRGP Investor Care

Dividend Yield

1.58%

Dividend/Share (TTM)

1.85

Buy Backs (1Y)

1.28%

Diluted EPS (TTM)

3.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	20.5B	17.8B	16.4B	16.1B
2022	18.3B	20.9B	21.8B	20.9B
2021	9.8B	11.7B	14.1B	16.9B
2020	8.4B	7.9B	8.2B	8.3B
2019	10.3B	9.9B	8.8B	8.7B
2018	9.2B	9.7B	10.6B	10.5B
2017	7.4B	7.6B	8.1B	8.8B
2016	6.4B	6.3B	6.3B	6.7B
2015	8.0B	7.7B	7.0B	6.7B
2014	7.2B	7.9B	8.7B	8.6B
2013	5.6B	5.7B	5.7B	6.3B
2012	7.0B	6.6B	6.3B	5.9B
2011	5.6B	6.1B	6.6B	7.0B
2010	4.8B	5.0B	5.2B	5.5B
2009	0	0	0	4.5B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Targa Resources Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 18, 2024	lawhorn caron a	acquired	-	-	1,623	-
Mar 18, 2024	teague r keith	acquired	-	-	1,947	-
Mar 05, 2024	boushka julie h.	sold	-1,009,600	100	-10,000	senior vp and cao
Mar 01, 2024	boushka julie h.	sold (taxes)	-187,653	99.34	-1,889	senior vp and cao
Feb 26, 2024	pryor d. scott	sold	-970,007	97.0007	-10,000	see remarks
Feb 23, 2024	muraro robert	sold	-973,080	97.308	-10,000	chief commercial officer
Feb 23, 2024	cooksen lindsey	sold	-97,360	97.36	-1,000	-
Feb 22, 2024	perkins joe bob	sold	-1,342,020	97.5163	-13,762	-
Feb 22, 2024	perkins joe bob	sold	-3,262,700	97.6711	-33,405	-
Feb 22, 2024	perkins joe bob	sold	-3,058,280	97.6463	-31,320	-

Which funds bought or sold TRGP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 24, 2024	DekaBank Deutsche Girozentrale	added	21.49	2,487,000	6,927,000	0.01%
Apr 24, 2024	PSI Advisors, LLC	reduced	-6.61	13,391	79,066	0.03%
Apr 24, 2024	Cambridge Investment Research Advisors, Inc.	added	2.73	148,000	604,000	-%
Apr 24, 2024	BROWN ADVISORY INC	added	4.43	122,296	475,510	-%
Apr 24, 2024	Simplicity Wealth,LLC	new	-	836,144	836,144	0.02%
Apr 24, 2024	CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT	reduced	-18.51	4,781,790	99,474,000	8.43%
Apr 24, 2024	LEAVELL INVESTMENT MANAGEMENT, INC.	unchanged	-	59,000	262,000	0.01%
Apr 24, 2024	Spire Wealth Management	added	2,400	29,898	30,813	-%
Apr 24, 2024	RITHOLTZ WEALTH MANAGEMENT	reduced	-4.27	98,720	520,116	0.02%
Apr 24, 2024	CHILDRESS CAPITAL ADVISORS, LLC	reduced	-0.86	853,280	3,921,440	1.14%

Are Funds Buying or Selling TRGP?

Are funds buying TRGP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TRGP

No. of Funds

Unveiling Targa Resources Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.03%	26,814,175	SC 13G/A
Jan 30, 2024	state street corp	6.52%	14,542,581	SC 13G/A
Jan 25, 2024	blackrock inc.	9.0%	20,030,896	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.4%	817,113	SC 13G/A
Feb 09, 2023	vanguard group inc	11.43%	25,884,922	SC 13G/A
Feb 03, 2023	blackrock inc.	8.1%	18,399,506	SC 13G/A
Jan 31, 2023	state street corp	6.90%	15,616,505	SC 13G
Jun 09, 2022	blackrock inc.	10.7%	24,430,083	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	5.1%	12,277,357	SC 13G/A
Feb 04, 2022	blackrock inc.	9.6%	21,959,815	SC 13G

Recent SEC filings of Targa Resources Corp

View All Filings

Date Filed	Form Type	Document
Mar 21, 2024	ARS	ARS
Mar 21, 2024	DEF 14A	DEF 14A
Mar 21, 2024	DEFA14A	DEFA14A
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 15, 2024	3	Insider Trading
Mar 14, 2024	8-K	Current Report
Mar 06, 2024	3	Insider Trading
Mar 06, 2024	4	Insider Trading
Mar 05, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Targa Resources Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ENB	75.8B	43.6B	-0.75%	-9.10%	12.25	1.74	-18.12%	106.16%
EPD	63.0B	49.7B	0.35%	11.09%	11.39	1.27	-14.56%	0.77%
ET	53.4B	78.6B	1.93%	26.58%	13.57	0.68	-12.56%	-17.26%
KMI	41.8B	15.3B	4.73%	8.10%	17.01	2.74	-18.66%	-3.98%
LNG	36.9B	20.3B	-1.66%	5.28%	3.74	1.82	-39.46%	591.95%
PAA	12.8B	48.7B	6.35%	39.31%	10.4	0.26	-15.05%	18.61%
MID-CAP
AM	6.7B	1.1B	1.16%	41.80%	17.18	6.3	10.45%	16.98%
ENLC	6.2B	6.9B	3.69%	41.67%	30.29	0.91	-27.69%	-42.93%
ETRN	5.8B	1.4B	14.30%	190.85%	13.09	4.18	2.66%	265.30%
HESM	2.8B	1.3B	0.08%	25.25%	11.82	2.11	5.76%	9.36%
INSW	2.6B	1.1B	1.32%	26.16%	4.71	2.45	23.95%	43.45%
SMALL-CAP
GLP	1.6B	16.5B	2.82%	48.11%	10.41	0.1	-12.64%	-57.90%
GEL	1.5B	3.2B	16.70%	19.66%	13.02	0.48	13.91%	56.01%
GPP	286.4M	82.4M	-4.55%	-4.48%	7.48	3.48	5.74%	-6.51%
MMLP	105.7M	734.3M	5.38%	7.87%	27.74	0.14	-25.40%	114.16%

Targa Resources Corp News

Latest updates

Targa Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	8.8%	4,240	3,897	3,404	4,521	4,555	5,360	6,056	4,959	5,442	4,460	3,416	3,633	2,573	2,115	1,524	2,049	2,474	1,903	1,995	2,299	2,598
Operating Expenses	-3.0%	269	278	273	258	252	261	216	184	202	189	185	171	192	162	164	181	103	200	210	190	183
S&GA Expenses	5.9%	95.00	90.00	81.00	82.00	93.00	79.00	71.00	67.00	81.00	67.00	64.00	61.00	74.00	59.00	62.00	61.00	57.00	70.00	73.00	81.00	80.00
EBITDA Margin	4.1%	0.20*	0.20*	0.18*	0.16*	0.13*	0.09*	0.09*	0.07*	0.08*	0.13*	0.14*	0.17*	-	-	-	-	-	-	-	-	-
Income Taxes	90.3%	103	54.00	96.00	110	10.00	12.00	87.00	23.00	-8.75	2.00	7.00	15.00	39.00	32.00	-23.20	-295	-77.90	-3.80	-3.30	-2.90	-32.25
Earnings Before Taxes	38.2%	460	333	484	666	406	291	775	192	-257	290	162	243	185	204	154	-2,115	-93.00	28.00	46.00	-27.60	-120
EBT Margin	4.9%	0.12*	0.12*	0.10*	0.10*	0.08*	0.05*	0.05*	0.02*	0.03*	0.06*	0.07*	0.08*	-	-	-	-	-	-	-	-	-
Net Income	36.2%	300	220	329	497	318	193	596	88.00	-313	182	56.00	146	34.00	69.00	81.00	-1,737	-15.10	-47.30	-10.20	-38.90	-88.40
Net Income Margin	0.6%	0.08*	0.08*	0.07*	0.08*	0.06*	0.00*	0.00*	0.00*	0.00*	0.03*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	228.9%	238	-184	79.00	694	19.00	64.00	420	544	321	373	521	584	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	2.4%	20,672	20,190	19,462	19,026	19,560	19,390	15,334	15,295	15,208	15,973	15,412	15,648	15,876	16,052	15,965	16,027	18,815	18,919	18,318	17,569	16,938
Current Assets	2.6%	2,195	2,139	1,729	1,639	2,357	2,497	2,164	1,901	1,770	1,993	1,318	1,409	1,460	1,444	1,225	1,214	1,658	1,476	1,212	1,181	1,419
Cash Equivalents	1.6%	142	140	169	212	219	193	154	136	159	229	209	249	243	275	196	375	331	326	227	125	232
Inventory	-30.7%	372	536	312	156	394	471	202	98.00	153	317	66.00	52.00	182	262	219	100	162	211	205	198	165
Net PPE	3.1%	15,806	15,334	14,890	14,470	14,215	13,716	11,878	11,653	11,668	11,922	11,997	12,061	12,174	12,293	12,417	12,412	14,549	14,697	14,369	13,703	12,928
Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45.00	47.00	47.00	47.00	47.00
Current Liabilities	2.9%	2,761	2,682	2,321	2,467	3,067	3,394	3,153	2,910	2,299	2,868	2,102	1,765	1,779	1,381	1,320	1,196	1,873	1,669	1,658	2,042	2,799
Long Term Debt	0.1%	12,333	12,318	11,813	11,440	10,702	10,431	7,046	6,965	6,434	6,434	6,604	7,091	7,387	7,652	7,580	7,640	7,440	7,280	6,639	7,119	5,632
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	555	-	-	-	435	7,280	6,639	7,119	435
Shareholder's Equity	9.3%	2,740	2,506	4,540	4,412	2,666	4,731	4,401	4,017	5,179	5,400	5,397	5,522	5,903	6,212	6,269	6,373	8,443	8,820	8,939	7,337	7,471
Retained Earnings	61.0%	492	306	200	-129	-626	-944	-1,137	-1,734	-1,822	-1,508	-1,690	-1,747	-1,893	-1,927	-1,996	-2,077	-339	-226	-179	-169	-130
Additional Paid-In Capital	-0.1%	3,059	3,062	3,046	3,146	3,702	3,768	3,834	4,126	4,269	4,300	4,331	4,362	4,840	4,912	4,949	4,992	5,221	5,457	5,688	5,926	6,155
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,328	4,899	4,680	4,486	4,292
Shares Outstanding	-0.2%	223	223	224	226	226	228	228	229	229	229	229	229	-	-	-	-	-	-	-	-	-
Minority Interest	-0.1%	1,870	1,872	1,865	1,862	2,317	2,347	2,331	2,320	3,167	3,215	3,210	3,226	3,249	3,377	3,352	3,346	3,522	3,502	3,397	1,581	1,391
Float	-	-	-	16,812	-	-	-	13,380	-	-	-	10,012	-	-	-	4,608	-	-	-	8,974	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	135.1%	958	407	677	1,170	538	460	636	748	504	495	624	680	649	357	286	453	471	367	245	308	229
Share Based Compensation	6.4%	17.00	16.00	15.00	15.00	16.00	15.00	14.00	14.00	15.00	15.00	15.00	15.00	17.00	16.00	16.00	17.00	11.00	16.00	16.00	17.00	16.00
Cashflow From Investing	-21.3%	-727	-599	-593	-480	-502	-3,896	445	-197	-173	-113	-95.90	-90.00	-84.10	-181	-270	-201	-451	-657	-893	-1,069	-954
Cashflow From Financing	-241.0%	-228	162	-125	-696	-9.30	3,475	-1,062	-573	-400	-361	-567	-584	-596	-96.10	-195	-206	-14.10	391	750	654	754
Buy Backs	-69.2%	41.00	132	149	52.00	28.00	73.00	74.00	50.00	-	-	-	-	-	-	-	-	-	-	-	-	-

TRGP Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenues:

Total revenues

$ 16,060.3

$ 20,929.8

$ 16,949.8

Costs and expenses:

Product purchases and fuel

10,676.4

16,882.1

13,729.5

Operating expenses

1,077.9

912.8

747.0

Depreciation and amortization expense

1,329.6

1,096.0

870.6

General and administrative expense

348.7

309.7

273.2

Impairment of long-lived assets

452.3

Other operating (income) expense

1.5

0.2

12.4

Income (loss) from operations

2,626.2

1,729.0

864.8

Other income (expense):

Interest expense, net

(687.8)

(446.1)

(387.9)

Equity earnings (loss)

9.0

9.1

(23.9)

Gain (loss) from financing activities

(2.1)

(49.6)

(16.6)

Gain (loss) from sale of equity-method investment

435.9

Other, net

(2.8)

(15.1)

0.5

Income (loss) before income taxes

1,942.5

1,663.2

436.9

Income tax (expense) benefit

(363.2)

(131.8)

(14.8)

Net income (loss)

1,579.3

1,531.4

422.1

Less: Net income (loss) attributable to noncontrolling interests

233.4

335.9

350.9

Net income (loss) attributable to Targa Resources Corp.

1,345.9

1,195.5

71.2

Premium on repurchase of noncontrolling interests, net of tax

^[1]

510.1

53.2

Dividends on Series A Preferred Stock

30.0

87.3

Deemed dividends on Series A Preferred Stock

215.5

Net income (loss) attributable to common shareholders

$ 835.8

$ 896.8

$ (16.1)

Net income (loss) per common share - basic

$ 3.69

$ 3.95

$ (0.07)

Net income (loss) per common share - diluted

$ 3.66

$ 3.88

$ (0.07)

Weighted average shares outstanding - basic

224.6

227.3

228.6

Weighted average shares outstanding - diluted

226.0

231.1

228.6

Sales of Commodities [Member]

Revenues:

Total revenues

$ 13,962.1

$ 19,066.0

$ 15,602.5

Fees from Midstream Services [Member]

Revenues:

Total revenues

$ 2,098.2

$ 1,863.8

$ 1,347.3

[1]	Represents premium paid on the Grand Prix Transaction, Carnero Acquisition and the DevCo JV Repurchase. See Note 4 – Acquisitions and Divestitures

TRGP Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 141.7	$ 219.0
Trade receivables, net of allowances of $2.5 million and $2.2 million at December 31, 2023 and December 31, 2022	1,471.0	1,408.4
Inventories	371.5	393.8
Assets from risk management activities	111.9	179.9
Other current assets	98.5	155.5
Total current assets	2,194.6	2,356.6
Property, plant and equipment, net	15,806.4	14,214.6
Intangible assets, net	2,350.6	2,734.6
Long-term assets from risk management activities	33.3	24.5
Investments in unconsolidated affiliates	146.3	131.3
Other long-term assets	140.6	98.4
Total assets	20,671.8	19,560.0
Current liabilities:
Accounts payable	1,574.9	1,448.8
Accrued liabilities	281.7	289.5
Interest payable	229.6	174.0
Liabilities from risk management activities	54.0	320.1
Current debt obligations	620.7	834.3
Total current liabilities	2,760.9	3,066.7
Long-term debt	12,333.2	10,702.1
Long-term liabilities from risk management activities	16.8	140.1
Deferred income taxes, net	535.8	327.7
Other long-term liabilities	415.1	341.2
Commitments and Contingencies (see Notes 17 and 18)	0.0	0.0
Targa Resources Corp. stockholders' equity:
Common stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2023 and December 31, 2022)	0.2	0.2
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding)	0.0	0.0
Additional paid-in capital	3,058.8	3,702.3
Retained earnings (deficit)	492.0	(626.8)
Accumulated other comprehensive income (loss)	85.6	54.7
Treasury stock, at cost (17,484,440 shares as of December 31, 2023 and 11,896,829 shares as of December 31, 2022)	(896.9)	(464.7)
Total Targa Resources Corp. stockholders' equity	2,739.7	2,665.7
Noncontrolling interests	1,870.3	2,316.5
Total owners' equity	4,610.0	4,982.2
Total liabilities, Series A Preferred Stock and owners' equity	20,671.8	19,560.0
Series A Preferred Stock [Member]
Current liabilities:
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference (1,200,000 shares authorized, zero shares issued and outstanding as of December 31, 2023 and December 31, 2022), net of discount	$ 0.0	$ 0.0

About Targa Resources Corp

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2022, it leased and managed approximately 606 railcars; 122 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

CEO	Mr. Matthew J. Meloy
WEBSITE	targaresources.com
INDUSTRY	Oil - Midstream
EMPLOYEES	2850

Targa Resources Corp Frequently Asked Questions

What is the ticker symbol for Targa Resources Corp? What does TRGP stand for in stocks?

TRGP is the stock ticker symbol of Targa Resources Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Targa Resources Corp (TRGP)?

As of Wed Apr 24 2024, market cap of Targa Resources Corp is 26.1 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TRGP stock?

You can check TRGP's fair value in chart for subscribers.

What is the fair value of TRGP stock?

You can check TRGP's fair value in chart for subscribers. The fair value of Targa Resources Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Targa Resources Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TRGP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Targa Resources Corp a good stock to buy?

The fair value guage provides a quick view whether TRGP is over valued or under valued. Whether Targa Resources Corp is cheap or expensive depends on the assumptions which impact Targa Resources Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TRGP.

What is Targa Resources Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, TRGP's PE ratio (Price to Earnings) is 19.39 and Price to Sales (PS) ratio is 1.63. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TRGP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Targa Resources Corp's stock?

In the past 10 years, Targa Resources Corp has provided 0.01 (multiply by 100 for percentage) rate of return.