Based on the Targa Resources Inc stock forecast from 11 analysts, the average analyst target price for Targa Resources Inc is USD 174.08 over the next 12 months. Targa Resources Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Targa Resources Inc is Slightly Bullish , which is based on 10 positive signals and 7 negative signals. At the last closing, Targa Resources Inc’s stock price was USD 176.79. Targa Resources Inc’s stock price has changed by -4.24% over the past week, -14.72% over the past month and +103.89% over the last year.
No recent analyst target price found for Targa Resources Inc
No recent average analyst rating found for Targa Resources Inc
Company Overview Targa Resources Inc
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. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company 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, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas. Read Less
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. It operates in two segments, Gathering and Processing, and Logistics an...Read More
Frequently Asked Questions About Targa Resources Inc (TRGP) Stock
Based on ratings from 11 analysts Targa Resources Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 24 buy, sell and hold ratings.
TRGP stock's dividend yield is 1.70%.
Our analysis grades TRGP stock's dividend yield at F. This means that TRGP stock's dividend yield is above 12% of the stocks in the Oil & Gas Midstream sector in the NYE exchange.
Based on this TRGP may be a poor dividend stock for its sector.
Based on targets from 11 analysts, the average taret price for TRGP is USD 174.08 over the next 12 months. The maximum analyst target price is USD 246 while the minimum anlayst target price is USD 128.
TRGP stock's Price/Earning ratio is 31.97.
Our analysis grades TRGP stock's Price / Earning ratio at F. This means that TRGP stock's Price/Earning ratio is above 89% of the stocks in the Oil & Gas Midstream sector in the NYE exchange.
Based on this TRGP may be a overvalued for its sector.
The last closing price of TRGP's stock was USD 176.79.
The most recent market capitalization for TRGP is USD 38.55B.
Based on targets from 11 analysts, the average taret price for TRGP is projected at USD 174.08 over the next 12 months.
This means that TRGP's stock price may go down by -1.53% over the next 12 months.
We can't find any ETFs which contains Targa Resources Inc's stock.
As per our most recent records Targa Resources Inc has 3,182 Employees.
Targa Resources Inc's registered address is 811 Louisiana Street, Houston, TX, United States, 77002.
You can get more information about it from Targa Resources Inc's website at https://www.targaresources.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Targa Resources Inc (TRGP) Stock
Based on ratings from 11 analysts Targa Resources Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 24 buy, sell and hold ratings.
TRGP stock's dividend yield is 1.70%.
Our analysis grades TRGP stock's dividend yield at F. This means that TRGP stock's dividend yield is above 12% of the stocks in the Oil & Gas Midstream sector in the NYE exchange.
Based on this TRGP may be a poor dividend stock for its sector.
Based on targets from 11 analysts, the average taret price for TRGP is USD 174.08 over the next 12 months. The maximum analyst target price is USD 246 while the minimum anlayst target price is USD 128.
TRGP stock's Price/Earning ratio is 31.97.
Our analysis grades TRGP stock's Price / Earning ratio at F. This means that TRGP stock's Price/Earning ratio is above 89% of the stocks in the Oil & Gas Midstream sector in the NYE exchange.
Based on this TRGP may be a overvalued for its sector.
The last closing price of TRGP's stock was USD 176.79.
The most recent market capitalization for TRGP is USD 38.55B.
Based on targets from 11 analysts, the average taret price for TRGP is projected at USD 174.08 over the next 12 months.
This means that TRGP's stock price may go down by -1.53% over the next 12 months.
We can't find any ETFs which contains Targa Resources Inc's stock.
As per our most recent records Targa Resources Inc has 3,182 Employees.
Targa Resources Inc's registered address is 811 Louisiana Street, Houston, TX, United States, 77002.
You can get more information about it from Targa Resources Inc's website at https://www.targaresources.com.
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