As part of Targa's long-term development plans, Jennifer R. Kneale, current Chief Financial Officer, will become President - Finance and Administration. Jen will continue to report to Matthew J. Meloy, Targa's Chief Executive Officer.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $182.00 | Buy | BofA Securities |
| 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 |
BofA Securities resumed coverage of Targa Resources with a rating of Buy and set a new price target of $182.00
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
HOUSTON, Nov. 11, 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 BofA Securities Global Energy Conference in Houston, TX on Wednesday, November 13, 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 C
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported third quarter 2024 results. Third quarter 2024 net income attributable to Targa Resources Corp. was $387.4 million compared to $220.0 million for the third quarter of 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,069.7 million for the third quarter of 2024 compared to $840.2 million for the third quarter of 2023. Highlights Record adjusted EBITDA for the third quarter of $1.07 billionRecord Permian, NGL transportation, and fraction
HOUSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2023 is now available on the Company's website at https://www.targaresources.com/sustainability. The report advances Targa's sustainability disclosures and provides a review of Targa's performance for calendar year 2023 against various environmental, social, and governance topics that we believe are important to our industry and our business. Highlights of Targa's Sustainability Report for the 2023 calendar year include the following: Decreased Gathering & Boosting (G&B) sector methane intensity by 19%;Exceeded the original methane int
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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
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
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10-Q - Targa Resources Corp. (0001389170) (Filer)
HOUSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2023 is now available on the Company's website at https://www.targaresources.com/sustainability. The report advances Targa's sustainability disclosures and provides a review of Targa's performance for calendar year 2023 against various environmental, social, and governance topics that we believe are important to our industry and our business. Highlights of Targa's Sustainability Report for the 2023 calendar year include the following: Decreased Gathering & Boosting (G&B) sector methane intensity by 19%;Exceeded the original methane int
HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the third 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 third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024. The Company will report its third quarter 2024 financial results before the market opens for trading on Tuesday, November 5, 2024 and will host a liv
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