Latest news with #TargaResources
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.
Yahoo
03-05-2025
- Business
- Yahoo
Targa Resources First Quarter 2025 Earnings: Misses Expectations
Revenue: US$4.56b (flat on 1Q 2024). Net income: US$200.0m (down 27% from 1Q 2024). Profit margin: 4.4% (down from 6.0% in 1Q 2024). EPS: US$0.92 (down from US$1.23 in 1Q 2024). We've discovered 3 warning signs about Targa Resources. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 54%. Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US. Performance of the American Oil and Gas industry. The company's shares are down 8.9% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Targa Resources, and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Reuters
01-05-2025
- Business
- Reuters
Targa Resources reports higher Q1 core profit on strength of North Dakota assets
May 1 (Reuters) - Pipeline operator Targa Resources (TRGP.N), opens new tab on Thursday reported a rise in adjusted core profit in the first quarter, helped by its Badlands operations in North Dakota and as higher NGL prices and service fees the offset impact of lower volumes. Targa supplies natural gas and natural gas liquids (NGLs) to key markets through its network of gathering and processing assets, which are spread across the U.S. These assets are located in the Permian Basin, Bakken Shale, Barnett Shale, Eagle Ford Shale, among others. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. The Badlands operations include about 500 miles of crude oil and 300 miles of natural gas gathering pipelines. Targa repurchased its interest in Targa Badlands LLC for $1.8 billion during the quarter. Quarterly crude oil sales from its Badlands operations were up 13% from the previous year at 107.1 thousand barrels per day (MBbl/d). NGL sales in its Gathering and Processing Segment were 570.2 thousand barrels per day (MBbl/d) in the reported quarter, compared with 498.8 MBbl/d a year earlier, along with higher prices. Targa's adjusted core profit rose 5% from last year to $1.18 billion. Analysts, on average, were expecting $1.16 billion, according to data compiled by LSEG. However, overall revenue was flat and missed analysts' expectations, hurt by winter weather events reducing system volumes.
