Date | Price Target | Rating | Analyst |
---|---|---|---|
10/6/2023 | $101.00 | Buy | Goldman |
3/2/2023 | $115.00 | Sector Outperform | Scotiabank |
12/9/2022 | $95.00 | Buy | Citigroup |
9/8/2022 | $93.00 | Buy | Goldman |
5/2/2022 | $78.00 | Buy | Truist |
3/18/2022 | $58.00 → $85.00 | Neutral → Buy | Mizuho |
2/25/2022 | $70.00 → $80.00 | Strong Buy | Raymond James |
2/7/2022 | $62.00 | In-line → Outperform | Evercore ISI |
HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported second quarter 2024 results. Second quarter 2024 net income attributable to Targa Resources Corp. was $298.5 million compared to $329.3 million for the second quarter of 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $984.3 million for the second quarter of 2024 compared to $789.1 million for the second quarter of 2023. Highlights Record adjusted EBITDA for the second quarter of $984.3 millionRecord Permian, NGL transportation, and fractionation v
AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in
HOUSTON, July 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the second quarter of 2024. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the second quarter of 2024. This cash dividend will be paid August 15, 2024 on all outstanding common shares to holders of record as of the close of business on July 31, 2024. The Company will report its second quarter 2024 financial results before the market opens for trading on Thursday, August 1, 2024 and will host
HOUSTON, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the Barclays CEO Energy & Power Conference in New York, NY on Wednesday, September 4, 2024. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/events. About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Co
HOUSTON, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the Citi One-on-One Midstream and New Energy Infrastructure Conference in Las Vegas, NV on Tuesday, August 13 and Wednesday, August 14, 2024. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/events. About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream
HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. ("Targa" or the "Company") (NYSE:TRGP), announced today the pricing of an underwritten public offering (the "Offering") of $1.0 billion aggregate principal amount of its 5.500% Senior Notes due 2035 at a price to the public of 99.943% of their face value. The Offering is expected to close on August 9, 2024, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the Offering for general corporate purposes, including to repay borrowings under its commercial paper note program, a portion of which were incurred to repay the remaining $500.0 million outstanding under its prio
Scotiabank analyst Tristan Richardson maintains Targa Resources (NYSE:TRGP) with a Sector Outperform and raises the price target from $128 to $142.
Targa Resources's (NYSE:TRGP) short percent of float has risen 4.81% since its last report. The company recently reported that it has 3.75 million shares sold short, which is 1.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.81 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
Targa Resources (NYSE:TRGP) has outperformed the market over the past 5 years by 13.36% on an annualized basis producing an average annual return of 26.45%. Currently, Targa Resources has a market capitalization of $29.37 billion. Buying $100 In TRGP: If an investor had bought $100 of TRGP stock 5 years ago, it would be worth $318.17 today based on a price of $132.45 for TRGP at the time of writing. Targa Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conte
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
SC 13G/A - Targa Resources Corp. (0001389170) (Subject)
SC 13G/A - Targa Resources Corp. (0001389170) (Subject)
SC 13G/A - Targa Resources Corp. (0001389170) (Subject)
HOUSTON, April 17, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that Joel Thomas has been appointed Senior Vice President - Finance and Treasurer of the Company effective April 13, 2023. Joel joined Targa in 2012 where he served as Associate of Corporate Development and after increasing responsibilities through his time at Targa, was most recently Vice President of Corporate and Commercial Development. Prior to joining Targa, he was with Wells Fargo Securities, in their energy investment banking group. He holds a Bachelor of Business Administration in Business Honors and Finance from The University of Texas at Austin. About Targa R
HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Paul W. Chung retired from the management team and was appointed Chairman of the Board of Directors effective January 1, 2021. Joe Bob Perkins, previously Executive Chairman of the Board of Directors, retired from the management team and will continue to serve on the Board of Directors. The changes announced today continue the succession contemplated and approved by the Nominating and Governance Committee of Targa’s Board of Directors. From May 2004 to March 2020, Mr. Chung served as Executive Vice President, General Counsel and Secretary of the Company and its pre
8-K - Targa Resources Corp. (0001389170) (Filer)
144 - Targa Resources Corp. (0001389170) (Subject)
144 - Targa Resources Corp. (0001389170) (Subject)
Goldman resumed coverage of Targa Resources with a rating of Buy and set a new price target of $101.00
Scotiabank initiated coverage of Targa Resources with a rating of Sector Outperform and set a new price target of $115.00
Citigroup initiated coverage of Targa Resources with a rating of Buy and set a new price target of $95.00