Latest news with #TRGP
Yahoo
21-05-2025
- Business
- Yahoo
Targa Resources price target lowered to $193 from $199 at Scotiabank
Scotiabank analyst Brandon Bingham lowered the firm's price target on Targa Resources (TRGP) to $193 from $199 and keeps an Outperform rating on the shares. The firm is refreshing its valuation analysis for U.S. Midstream stocks under its coverage to incorporate Q1 results, the analyst tells investors. While not much has changed overall since the firm's last iteration, dislocations between current price, implied values, and price targets persist in certain names. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on TRGP: Disclaimer & DisclosureReport an Issue Targa Resources price target lowered to $212 from $218 at Mizuho Targa Resources price target lowered to $178 from $206 at Barclays Targa Resources price target lowered to $190 from $250 at Argus Targa Resources price target lowered to $228 from $259 at UBS Targa Resources: Buy Rating Affirmed Amid Growth Potential and Strategic Capital Management Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Targa Resources Corp. (TRGP) Price Target Lowered at Argus
The price target of Targa Resources Corp. (NYSE:TRGP) was recently lowered by Argus Research. Let's shed some light on the development. An oil tanker at sunset, symbolizing the company's supply of global crude oil. Targa Resources Corp. (NYSE:TRGP) is one of the largest independent midstream infrastructure companies in North America. It was recently revealed that Argus Research, a New York-based investment research firm, lowered the price target for Targa Resources Corp. (NYSE:TRGP) from $250 to $190, while maintaining a Buy rating on the stock. The analyst has blamed Targa's unimpressive performance in Q1 2025 for the move. However, it still projects the energy company's 2025 EBITDA to exceed management's $4.65 billion-$4.85 billion guidance, assisted by strong production in the Permian basin. Targa Resources Corp. (NYSE:TRGP) recently reported lower-than-expected results for its Q1 2025, posting an EPS of $0.91 against expectations of $1.98. The company's revenue of $4.56 billion also missed forecasts by over $337 million. However, TRGP's adjusted EBITDA rose by 22% YoY to a record $1.18 billion, while it also raised its quarterly dividend by 33% in April to $1 per share. Moreover, the company repurchased $124.9 million worth of shares in the first quarter, with $890.5 million still remaining under its stock buyback program. While we acknowledge the potential of TRGP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TRGP and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
03-05-2025
- Business
- Business Insider
Seaport Global Sticks to Its Buy Rating for Targa Resources (TRGP)
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. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. 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.
