FY2025 EPS Forecast for Targa Resources Lifted by Analyst

Targa Resources Corp. (NYSE:TRGP) – Seaport Res Ptn raised their FY2025 earnings per share estimates for Targa Resources in a report released on Wednesday, February 5th. Seaport Res Ptn analyst S. Sibal now expects that the pipeline company will post earnings of $8.27 per share for the year, up from their prior estimate of $7.73. The consensus estimate for Targa Resources’ current full-year earnings is $6.41 per share. Seaport Res Ptn also issued estimates for Targa Resources’ FY2026 earnings at $9.82 EPS and FY2027 earnings at $11.81 EPS.

Targa Resources (NYSE:TRGP) last posted its earnings results on Tuesday, November 5th. The pipeline company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.17. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.24 billion. Targa Resources had a return on equity of 27.59% and a net margin of 7.65%. During the same quarter last year, the company earned $0.97 EPS.

Several other brokerages have also commented on TRGP. Wells Fargo & Company lifted their price objective on Targa Resources from $190.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. UBS Group lifted their price objective on Targa Resources from $182.00 to $246.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada boosted their price target on Targa Resources from $172.00 to $199.00 and gave the company an “outperform” rating in a report on Monday, November 11th. US Capital Advisors lowered Targa Resources from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Barclays boosted their price target on Targa Resources from $171.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Targa Resources has a consensus rating of “Buy” and an average price target of $189.21.

Targa Resources Stock Down 2.8 %

Targa Resources stock opened at $198.72 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 3.05. Targa Resources has a 12 month low of $85.73 and a 12 month high of $218.51. The firm has a market cap of $43.33 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 0.59 and a beta of 2.29. The stock has a fifty day simple moving average of $193.19 and a two-hundred day simple moving average of $170.26.

Targa Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.51%. Targa Resources’s dividend payout ratio is 54.25%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. DT Investment Partners LLC bought a new position in shares of Targa Resources during the third quarter valued at approximately $29,000. Aspect Partners LLC grew its stake in Targa Resources by 144.4% in the fourth quarter. Aspect Partners LLC now owns 220 shares of the pipeline company’s stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Targa Resources in the third quarter worth approximately $35,000. Rosenberg Matthew Hamilton lifted its holdings in Targa Resources by 49.4% during the fourth quarter. Rosenberg Matthew Hamilton now owns 269 shares of the pipeline company’s stock worth $48,000 after buying an additional 89 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in Targa Resources during the fourth quarter worth $49,000. Institutional investors own 92.13% of the company’s stock.

About Targa Resources

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream 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.