Seaport Global Sticks to Its Buy Rating for Targa Resources (TRGP)

Business Insider

03-05-2025

In a report released today, Sunil Sibal from Seaport Global maintained a Buy rating on Targa Resources (TRGP – Research Report), with a price target of $193.00. The company's shares closed yesterday at $161.87.
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According to TipRanks, Sibal is a 4-star analyst with an average return of 13.2% and a 60.34% success rate.
Currently, the analyst consensus on Targa Resources is a Strong Buy with an average price target of $217.50, a 34.37% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $206.00 price target.
Based on Targa Resources' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.56 billion and a net profit of $270.5 million. In comparison, last year the company earned a revenue of $4.6 billion and had a net profit of $275.2 million
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRGP in relation to earlier this year. Most recently, in March 2025, Paul Chung, a Director at TRGP sold 6,222.00 shares for a total of $1,262,485.64.