Targa Resources is a oil & gas midstream company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker TRGP on the NYSE exchange.
Targa Resources stock last closed at $66.85, down 1.98% from the previous day, and has decreased 7.45% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.14 percentage points. Targa Resources stock is currently +20.32% from its 52-week low of $55.56, and -17.98% from its 52-week high of $81.50.
At the moment, there are 226.64M TRGP shares outstanding. The market cap of TRGP is $15.15B. In the past 24 hours, 1.16M TRGP shares were traded.
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Once you have figured out the best place to buy Targa Resources stock, it's crucial to evaluate their stock prior to investing, so you can wrap your head around the risk as well as the opportunity.
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on TRGP's stock page.
You can use many financial metrics, analyses, models, and charts to gauge TRGP's true value.
Using relative valuations ratios:
You can access more valuation analysis on TRGP's stock here.
Out of 9 Equities analysts who track TRGP, the consensus analyst rating on Targa Resources is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Michael Blum, a top 5% analyst from Wells Fargo maintains TRGP with a strong buy rating and raises their TRGP price target from $89.00 to $94.00, on Mar 1, 2023.
Maintaining his Strong Buy rating, Blum raised the firm's price target on Targa Resources Corp. by 5.6% following the release of the company's Q4 and FY 2022 earnings report on 2023/02/22.
Q4's beat and management's 2023 EBITDA and Capex guidance, all of which were exceeded his estimates, account for his price target move, the analyst said.
Targa announced a 43% increase to its dividend in Q1 2023, which was also above his forecast, Blum added.
Targa Resources reported:
For Q4 2022:
For FY 2022:
For FY 2023, management guided:
Management did not provide commentary in its press release.
Justin Jenkins, a top 1% analyst from Raymond James maintains TRGP with a strong buy rating and raises their TRGP price target from $92.00 to $95.00, on Feb 28, 2023.
Gabriel Moreen, a top 17% analyst from Mizuho maintains TRGP with a strong buy rating and raises their TRGP price target from $92.00 to $94.00, on Feb 2, 2023.
Shneur Gershuni, a top 1% analyst from UBS maintains TRGP with a strong buy rating and lowers their TRGP price target from $107.00 to $106.00, on Dec 15, 2022.
Spiro Dounis, a top 21% analyst from Citigroup initiates coverage on TRGP with a strong buy rating and announces their TRGP price target of $95.00, on Dec 9, 2022.
You can dive deeper into what analysts are forecasting on the Targa Resources stock forecast page.
Last year, TRGP revenue was $20.93B. Over the last five year, TRGP's revenue has gone up by 18.88% per year. This was faster than the Oil & Gas Midstream industry average of 15.54%.
Find out more about TRGP's earnings and revenue performance here.
In the last year, executives and large shareholders at TRGP have sold more shares than they have bought.
D. Scott Pryor, President - Logistics and Transportation of TRGP, was the latest TRGP insider to sell. They sold $1,522,280.00 worth of TRGP stock on Mar 2, 2023.
Dig into more about who owns TRGP stock here.
Targa Resources pays a dividend of 2.09%, compared to the Oil & Gas Midstream industry's average dividend yield of 7.11%. If you owned $1,000 of TRGP stock, you would have received $20.94 in the past year.
Targa Resources dividend payments have not consistently grown over the past decade and have not remained stable.
Find more data about Targa Resources dividend yield and history here.
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