Targa Resources, Inc. (TRGP) Stock Analysis
Energy · Oil & Gas Midstream
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is... Read more
TrendMatrix rates Targa Resources, Inc. (TRGP) as Hold with high confidence. The stock trades at $245.09 with -0.4% upside to the $245.00 price target. Overall score: 5.0/10 across 10 analysis dimensions. Reward/risk ratio: -0.0:1.
Passes 2/4 gates (clean insider activity, no SEC red flags). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
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TrendMatrix rates Targa Resources, Inc. (TRGP) as Hold with high confidence. Score 5.0/10.
Take-profit target: $245.00 (-0.4% upside). Reward/risk ratio: -0.0:1. Stop-loss: $218.24.
Analyst target reached - limited upside remaining; Near 52-week high (1.6% away); Leverage penalty (D/E 5.5): -1.5.
Targa Resources, Inc. trades at a P/E of 29.0 (forward 22.2). TrendMatrix value score: 5.9/10. Verdict: Hold.
29 analysts cover TRGP with a consensus score of 4.2/5. Average price target: $254.
What does Targa Resources, Inc. do?Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of...
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic 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. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.