Targa Resources FY2025 EPS Lifted by Capital One Financial

Targa Resources Corp. (NYSE:TRGP) – Stock analysts at Capital One Financial lifted their FY2025 earnings estimates for Targa Resources in a report issued on Monday, January 13th. Capital One Financial analyst W. Suki now anticipates that the pipeline company will earn $8.37 per share for the year, up from their prior forecast of $8.35. The consensus estimate for Targa Resources’ current full-year earnings is $6.26 per share.

TRGP has been the subject of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Targa Resources from $190.00 to $224.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays lifted their price objective on shares of Targa Resources from $171.00 to $204.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group raised their target price on shares of Targa Resources from $182.00 to $246.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial cut their price target on shares of Targa Resources from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Finally, Bank of America initiated coverage on Targa Resources in a research report on Thursday, October 17th. They set a “buy” rating and a $182.00 target price for the company. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $189.21.

Targa Resources Price Performance

NYSE:TRGP opened at $200.89 on Wednesday. The company has a market capitalization of $43.81 billion, a P/E ratio of 36.33, a P/E/G ratio of 0.73 and a beta of 2.30. The business’s 50-day moving average is $190.21 and its 200 day moving average is $162.26. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 3.05. Targa Resources has a 12 month low of $81.03 and a 12 month high of $209.87.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.17. Targa Resources had a net margin of 7.65% and a return on equity of 27.59%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the firm posted $0.97 EPS.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new stake in Targa Resources in the second quarter valued at approximately $29,000. DT Investment Partners LLC purchased a new position in Targa Resources during the 3rd quarter worth approximately $29,000. Prospera Private Wealth LLC acquired a new stake in Targa Resources during the 3rd quarter valued at approximately $35,000. Rosenberg Matthew Hamilton boosted its holdings in shares of Targa Resources by 49.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 269 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 89 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Targa Resources by 22.9% during the third quarter. Huntington National Bank now owns 478 shares of the pipeline company’s stock worth $71,000 after purchasing an additional 89 shares during the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Targa Resources

In other news, insider D. Scott Pryor sold 30,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.33, for a total transaction of $5,709,900.00. Following the sale, the insider now owns 82,979 shares in the company, valued at approximately $15,793,393.07. The trade was a 26.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Julie H. Boushka sold 3,260 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.74, for a total transaction of $621,812.40. Following the sale, the chief accounting officer now directly owns 35,143 shares in the company, valued at $6,703,175.82. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.44% of the stock is owned by corporate insiders.

Targa Resources Company Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.