Targa ResourcesTRGP
TRGP
About: Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Employees: 3,186
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
260% more first-time investments, than exits
New positions opened: 169 | Existing positions closed: 47
29% more call options, than puts
Call options by funds: $255M | Put options by funds: $197M
22% more capital invested
Capital invested by funds: $29B [Q3] → $35.4B (+$6.5B) [Q4]
14% more funds holding in top 10
Funds holding in top 10: 21 [Q3] → 24 (+3) [Q4]
11% more funds holding
Funds holding: 810 [Q3] → 901 (+91) [Q4]
1.7% more ownership
Funds ownership: 89.29% [Q3] → 90.99% (+1.7%) [Q4]
1% less repeat investments, than reductions
Existing positions increased: 312 | Existing positions reduced: 315
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$204
2%
upside
Avg. target
$219
9%
upside
High target
$226
13%
upside
6 analyst ratings
6 positive
100%
0 neutral
0%
0 negative
0%
Wells Fargo Michael Blum 75% 1-year accuracy 27 / 36 met price target | 10%upside $220 | Overweight Maintained | 21 Feb 2025 |
Mizuho Gabriel Moreen 92% 1-year accuracy 34 / 37 met price target | 13%upside $226 | Outperform Maintained | 20 Feb 2025 |
Barclays Christine Cho 52% 1-year accuracy 29 / 56 met price target | 2%upside $204 | Overweight Maintained | 13 Jan 2025 |
Scotiabank Holly Stewart 67% 1-year accuracy 2 / 3 met price target | 9%upside $218 | Sector Outperform Initiated | 10 Jan 2025 |
Goldman Sachs John Mackay 78% 1-year accuracy 18 / 23 met price target | 11%upside $223 | Buy Maintained | 19 Dec 2024 |
Financial journalist opinion
Based on 9 articles about TRGP published over the past 30 days
Positive
Zacks Investment Research
21 hours ago
3 Solid Options Amid Refining & Marketing MLP Industry Tumult
Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing MLP industry, we advise focusing on companies like TRGP, GLP and CAPL.
Neutral
GlobeNewsWire
1 day ago
Targa Resources Corp. Announces Form 10-K Available
HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2024. The report may be accessed at www.sec.gov.
Neutral
Seeking Alpha
1 day ago
Targa Resources Corp. (TRGP) Q4 2024 Earnings Call Transcript
Targa Resources Corp. (NYSE:TRGP ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy - Chief Executive Officer & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & Chief Financial Officer Scott Pryor - President of Logistics & Transportation Pat McDonie - President of Gathering & Processing Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Keith Stanley - Wolfe Research Manav Gupta - UBS AJ O'Donnell - TPH Michael Blum - Wells Fargo Neal Dingmann - Truist Securities Theresa Chen - Barclays Brandon Bingham - Scotiabank Harry Mateer - Barclays Sunil Sibal - Seaport Global Operator Thank you for standing by, and welcome to Targa Resource Corp's Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
GlobeNewsWire
2 days ago
Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2024 Financial Results, Provides Growth Outlook for 2025 and Announces Refinancing of Badlands Preferred Equity
HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported fourth quarter and full year 2024 results.
Positive
Zacks Investment Research
2 days ago
Targa Resources (TRGP) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Besides Wall Street's top -and-bottom-line estimates for Targa Resources (TRGP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Positive
Zacks Investment Research
3 days ago
What's in Store for Targa Resources Stock in Q4 Earnings?
TRGP might have witnessed growth in the fourth quarter from strong activity, but lower NGL production and inflation could have challenged profitability.
Positive
Zacks Investment Research
4 days ago
Unlocking Q4 Potential of Targa Resources (TRGP): Exploring Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Targa Resources (TRGP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Positive
Zacks Investment Research
1 week ago
Seeking Clues to Targa Resources (TRGP) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Targa Resources (TRGP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Positive
CNBC Television
3 weeks ago
Never seen better opportunities in the energy transition, infrastructure: Neuberger Berman's Rachlin
Doug Rachlin, Neuberger Berman senior portfolio manager, joins 'Squawk on the Street' to discuss the opportunity set for the firm's energy transition and infrastructure strategy.
Neutral
GlobeNewsWire
1 month ago
Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2024 Earnings Webcast
HOUSTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the fourth quarter of 2024.
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