Target Hospitality Corp. operates as a specialty rental and hospitality services company in the United States. It operates through four segments: Permian Basin, Bakken Basin, Government, and TCPL Keystone. The company owns a network of specialty rental accommodation units with approximately 13,800 beds across 26 communities. It serves investment grade oil and gas companies, energy infrastructure companies, and U.S. government and government contractors. The company is headquartered in The Woodlands, Texas.
IPO Year: 2018
Exchange: NASDAQ
Website: targethospitality.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/14/2024 | Perform | Oppenheimer | |
| 4/12/2024 | $13.00 → $12.00 | Buy → Hold | Stifel |
| 6/23/2021 | $6.00 | Perform → Outperform | Oppenheimer |
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
4/A - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
4 - Target Hospitality Corp. (0001712189) (Issuer)
SC 13G - Target Hospitality Corp. (0001712189) (Subject)
SC 13D/A - Target Hospitality Corp. (0001712189) (Subject)
SC 13G/A - Target Hospitality Corp. (0001712189) (Subject)
SC 13G/A - Target Hospitality Corp. (0001712189) (Subject)
SC 13G - Target Hospitality Corp. (0001712189) (Subject)
SC 13D/A - Target Hospitality Corp. (0001712189) (Subject)
8-K - Target Hospitality Corp. (0001712189) (Filer)
10-Q - Target Hospitality Corp. (0001712189) (Filer)
8-K - Target Hospitality Corp. (0001712189) (Filer)
8-K - Target Hospitality Corp. (0001712189) (Filer)
8-K - Target Hospitality Corp. (0001712189) (Filer)
10-Q - Target Hospitality Corp. (0001712189) (Filer)
8-K - Target Hospitality Corp. (0001712189) (Filer)
8-K - Target Hospitality Corp. (0001712189) (Filer)
8-K - Target Hospitality Corp. (0001712189) (Filer)
8-K - Target Hospitality Corp. (0001712189) (Filer)
THE WOODLANDS, Texas, Nov. 18, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced the extension and amendment of the Company's Pecos Children's Center ("PCC") contract, reaffirmed its previously announced 2024 financial outlook and enhanced its strategic capabilities. Since 2021, PCC has served as a cornerstone to the U.S. government's critical domestic humanitarian aid mission. The essential nature of this community supported a seamless PCC annual contract extension, representing the commun
THE WOODLANDS, Texas, Nov. 12, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended September 30, 2024. Financial and Operational Highlights Revenue of $95.2 million for the three months ended September 30, 2024.Net income of $20.1 million for the three months ended September 30, 2024.Basic and diluted income per share of $0.20 for the three months ended September 30, 2024.Adjusted EBITDA(1) of $49.7 million for the three months ended September 30, 2024.Strong c
THE WOODLANDS, Texas, Nov. 4, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its third quarter 2024 financial results before the market opens on Tuesday, November 12, 2024. The Company has also scheduled a conference call for Tuesday, November 12, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Th
- Target Hospitality Board Disbands Special Committee - - Target Hospitality to Reinvigorate Focus on Allocating Capital to High Return Initiatives, Including In-Organic Growth - - Reaffirms 2024 Outlook Given Strength of Year-to-Date Operating Results - THE WOODLANDS, Texas, Sept. 25, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that the Company's Board of Directors has determined to disband the Special Committee of the Company's Board of Directors (the "Special Committee"), comprised so
THE WOODLANDS, Texas, Aug. 7, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended June 30, 2024. Financial and Operational Highlights Revenue of $100.7 million for the three months ended June 30, 2024.Net income of $18.4 million for the three months ended June 30, 2024.Basic and diluted income per share of $0.18 for the three months ended June 30, 2024.Adjusted EBITDA(1) of $52.2 million for the three months ended June 30, 2024.Strong cash generation with appro
THE WOODLANDS, Texas, July 31, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its second quarter 2024 financial results before the market opens on Wednesday, August 7, 2024. The Company has also scheduled a conference call for Wednesday, August 7, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Se
THE WOODLANDS, Texas, June 27, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today provided the following revised 2024 outlook and business update. As previously announced, on June 10, 2024, the Company received notice that the U.S. government intends to terminate the South Texas Family Residential Center contract ("STFRC Contract"), effective in 60 days, or on or about August 9, 2024 ("Effective Date"). The STFRC Contract was based on a fixed minimum lease revenue commitment and for the year ended
THE WOODLANDS, Texas, June 10, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today received notice that the U.S. government intends to terminate the existing South Texas Family Residential Center ("STFRC") services agreement with Target's migrant programming partner ("STFRC Partner"), effective in 60 days, or on or about August 9, 2024 ("Effective Date"). As a reminder, Target provides facility and hospitality solutions to the STFRC Partner, through a lease and services agreement ("STFRC Contract") utili
THE WOODLANDS, Texas, May 8, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended March 31, 2024. Financial and Operational Highlights Revenue of $106.7 million for the three months ended March 31, 2024.Net income of $20.4 million for the three months ended March 31, 2024.Basic and diluted income per share of $0.20 for the three months ended March 31, 2024.Adjusted EBITDA(1) of $53.7 million for the three months ended March 31, 2024.Strong cash generation with a
THE WOODLANDS, Texas, May 3, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its first quarter 2024 financial results before the market opens on Wednesday, May 8, 2024. The Company has also scheduled a conference call for Wednesday, May 8, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. First Quart
Oppenheimer resumed coverage of Target Hospitality with a rating of Perform
Stifel downgraded Target Hospitality from Buy to Hold and set a new price target of $12.00 from $13.00 previously
Oppenheimer upgraded Target Hospitality from Perform to Outperform and set a new price target of $6.00
Stifel upgraded Target Hospitality from Hold to Buy and set a new price target of $4.50 from $3.00 previously
Northland Capital Markets upgraded Target Hospitality from Market Perform to Outperform and set a new price target of $4.00 from $1.50 previously
Northland Capital resumed coverage of Target Hospitality with a rating of Outperform
Shares of accommodations and hospitality services provider Target Hospitality Corp. (NASDAQ:TH) are trading higher after the company provided a business update and revised its 2024 outlook following the termination of a significant contract. Recently, the U.S. government notified Target Hospitality that the South Texas Family Residential Center (STFRC) contract will end on August 9, 2024. This contract contributed approximately $55.9 million to Target Hospitality’s revenue in 2023. With the STFRC contract termination and other factors, Target Hospitality updated 2024 financial projections, with total revenue of $375 million – $385 million (consensus $396.10 million), down from the prev
The Special Committee has made no decision at this time with respect to the Proposal, and the Company does not undertake any obligation to provide any updates with respect to the Proposal or any other transaction, except as required by applicable law or other regulatory requirements. There can be no assurance that any transaction will result from the Special Committee's evaluation of the Proposal, or, if so, the timing, terms and conditions of such transaction.
After giving effect to the recent STFRC Contract termination, PCC variable revenue contribution and continued positive operational momentum, the Company is providing a revised 2024 outlook
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THE WOODLANDS, Texas, Nov. 12, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended September 30, 2024. Financial and Operational Highlights Revenue of $95.2 million for the three months ended September 30, 2024.Net income of $20.1 million for the three months ended September 30, 2024.Basic and diluted income per share of $0.20 for the three months ended September 30, 2024.Adjusted EBITDA(1) of $49.7 million for the three months ended September 30, 2024.Strong c
THE WOODLANDS, Texas, Nov. 4, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its third quarter 2024 financial results before the market opens on Tuesday, November 12, 2024. The Company has also scheduled a conference call for Tuesday, November 12, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Th
THE WOODLANDS, Texas, Aug. 7, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended June 30, 2024. Financial and Operational Highlights Revenue of $100.7 million for the three months ended June 30, 2024.Net income of $18.4 million for the three months ended June 30, 2024.Basic and diluted income per share of $0.18 for the three months ended June 30, 2024.Adjusted EBITDA(1) of $52.2 million for the three months ended June 30, 2024.Strong cash generation with appro
THE WOODLANDS, Texas, July 31, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its second quarter 2024 financial results before the market opens on Wednesday, August 7, 2024. The Company has also scheduled a conference call for Wednesday, August 7, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Se
THE WOODLANDS, Texas, May 8, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended March 31, 2024. Financial and Operational Highlights Revenue of $106.7 million for the three months ended March 31, 2024.Net income of $20.4 million for the three months ended March 31, 2024.Basic and diluted income per share of $0.20 for the three months ended March 31, 2024.Adjusted EBITDA(1) of $53.7 million for the three months ended March 31, 2024.Strong cash generation with a
THE WOODLANDS, Texas, May 3, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its first quarter 2024 financial results before the market opens on Wednesday, May 8, 2024. The Company has also scheduled a conference call for Wednesday, May 8, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. First Quart
THE WOODLANDS, Texas, March 13, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the fourth quarter and year ended December 31, 2023. Financial and Operational Highlights Revenue of $563.6 million for the year ended December 31, 2023, an increase of 12% from the prior year.Net income of $173.7 million for the year ended December 31, 2023, compared to $73.9 million for the same period in 2022.Basic and diluted income per share of $1.71 and $1.56, respectively, for the year ended De
THE WOODLANDS, Texas, March 6, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its fourth quarter and full year 2023 financial results before the market opens on Wednesday, March 13, 2024. The Company has also scheduled a conference call for Wednesday, March 13, 2024, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospi
THE WOODLANDS, Texas, Aug. 9, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended June 30, 2023. Financial and Operational Highlights Second quarter 2023 revenue increased 31% to $143.6 million compared to the same period in 2022Net income of $46.5 million for the three months ended June 30, 2023, compared to $22.9 million for the same period in 2022Basic and diluted income per share of $0.46 and $0.44, respectively, for the three months ended June 30, 2023Reco
THE WOODLANDS, Texas, Aug. 2, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its second quarter 2023 financial results before the market opens on Wednesday, August 9, 2023. The Company has also scheduled a conference call for Wednesday, August 9, 2023, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results. The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Seco
THE WOODLANDS, Texas, Feb. 20, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services today announced the appointment of Mr. John C. Dorman to its board of directors, effective February 16, 2024. Mr. Dorman will serve as an independent director as well as a member of the Nominating and Corporate Governance and Audit Committees. Mr. Dorman's experience serving in executive leadership roles, through the founding and growth of multiple entrepreneurial successes, will provide relevant insight as Target continues to pu
THE WOODLANDS, Texas, June 20, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, advances its strategic diversification focus, with the appointment of Mr. Alejandro ("Alex") Hernandez to its board of directors, effective June 19, 2023. Mr. Hernandez will serve as an independent director as well as a member of the Audit and Compensation Committees. Mr. Hernandez's experience serving in executive leadership roles across a variety of end markets, including energy transition, renewables, nuclear services, and dat
THE WOODLANDS, Texas, Feb. 28, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), North America's largest provider of vertically-integrated modular accommodations and value-added hospitality services, today announced that Brad Archer has decided to step down as President, Chief Executive Officer and member of the Company's Board of Directors. As part of its succession plan, the Board has formed a search committee and will engage an executive search firm to identify a successor CEO. Mr. Archer will continue to lead the Company in his current position, assist with the CEO search and help onboard his successor until December 31, 2022, e
THE WOODLANDS, Texas, Nov. 16, 2021 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), North America's largest provider of vertically integrated modular accommodations and value-added hospitality services, advances its strategic focus into government services, with the appointment of Brigadier General (USAF Ret.) Linda R. Medler to its board of directors, effective January 1, 2022. The appointment is a continuation of the Company's growth strategy, focused on broadening its diversified service offering across a range of end markets. This strategic appointment illustrates Target's commitment to enhancing its leadership capabilities to ef
THE WOODLANDS, Texas, Sept. 20, 2021 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), North America's largest provider of vertically integrated modular accommodations and value-added hospitality services, continues its diversification focus into government services, with the appointment of Pamela Hughes Patenaude to its board of directors, effective September 20, 2021. The appointment is a continuation of the Company's growth strategy that focuses on enhancing value through a balanced portfolio of service offerings, across a diverse set of end market applications. This strategic appointment strengthens Target's ability to effectively i
THE WOODLANDS, Texas, Aug. 5, 2021 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), North America's largest provider of vertically integrated modular accommodations and value-added hospitality services, continues its strategic focus into government services, with the appointment of Major General (Ret.) Barbara Faulkenberry to its board of directors, effective August 4, 2021. The appointment is a further step in the Company's growth strategy that broadens its operating capabilities into adjacent markets that are consistent with the Company's core competencies, while remaining focused on expanding its value-added solutions supporting the