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 $116.58, up 1.66% from the previous day, and has increased 70.21% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.35 percentage points. Targa Resources stock is currently +72.56% from its 52-week low of $67.56, and -2.59% from its 52-week high of $119.68.
At the moment, there are 221.72M TRGP shares outstanding. The market cap of TRGP is $25.85B. In the past 24 hours, 1.37M 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.
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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 12 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.
John Mackay, a top 14% analyst from Goldman Sachs maintains TRGP with a strong buy rating and raises their TRGP price target from $105.00 to $117.00, on Apr 4, 2024.
Gabriel Moreen, a top 7% analyst from Mizuho maintains TRGP with a strong buy rating and raises their TRGP price target from $105.00 to $130.00, on Apr 3, 2024.
Mizuho's Gabriel Moreen raised their price target on Targa Resources (NYSE: TRGP) by 23.8% from $105 to $130 on 2024/04/03. The analyst maintained their Strong Buy rating on the stock.
Hiking their price target, Moreen said that "the stock's 30% YTD gain indicates that investors are willing to accept a more robust valuation on Targa Resources following the successful roll-out of its capital allocation framework."
The analyst added that the company's story "argues for a further re-rating because the stock remains inexpensive when its growth outlook is capitalized."
Neal Dingmann, a top 1% analyst from Truist Securities maintains TRGP with a strong buy rating and raises their TRGP price target from $105.00 to $120.00, on Mar 20, 2024.
Jeremy Tonet, a top 18% analyst from JP Morgan maintains TRGP with a strong buy rating and raises their TRGP price target from $122.00 to $125.00, on Mar 6, 2024.
Spiro Dounis, a top 9% analyst from Citigroup maintains TRGP with a strong buy rating and raises their TRGP price target from $104.00 to $112.00, on Feb 21, 2024.
You can dive deeper into what analysts are forecasting on the Targa Resources stock forecast page.
Last year, TRGP earnings were $1.10B. Over the last three year, TRGP's earnings have gone up by 166.56% per year. This was faster than the Oil & Gas Midstream industry average of 27.63%.
Last year, TRGP revenue was $16.10B. Over the last 5 year, TRGP's revenue has grown by 9.29% per year. This was faster than the Oil & Gas Midstream industry average of 8.27%.
Dive into TRGP's earnings and revenue performance here.
In the last year, insiders 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 $2,262,700.00 worth of TRGP stock on May 13, 2024.
Learn more about who owns TRGP shares here.
Targa Resources pays a dividend of 1.93%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.46%. If you owned $1,000 worth of TRGP stock, you would have received $19.30 last year.
Targa Resources dividend payments have consistently grown over the past decade but have not remained stable.
Find more data about Targa Resources dividend yield and history here.
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