Seaport Res Ptn Estimates Targa Resources FY2025 Earnings

Targa Resources Corp. (NYSE:TRGP) – Research analysts at Seaport Res Ptn lifted their FY2025 earnings per share estimates for shares of Targa Resources in a report issued on Wednesday, February 5th. Seaport Res Ptn analyst S. Sibal now forecasts that the pipeline company will earn $8.27 per share for the year, up from their previous 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.

A number of other equities analysts have also issued reports on TRGP. Truist Financial reduced their target price on Targa Resources from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Wells Fargo & Company raised their price target on shares of Targa Resources from $190.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley raised their target price on shares of Targa Resources from $173.00 to $202.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their price target on shares of Targa Resources from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays lifted their target price on shares of 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $189.21.

Targa Resources Stock Performance

Shares of TRGP opened at $198.72 on Friday. Targa Resources has a 12 month low of $85.73 and a 12 month high of $218.51. The stock has a fifty day moving average price of $193.19 and a 200-day moving average price of $170.26. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 3.05. The firm has a market cap of $43.33 billion, a PE ratio of 35.93, a P/E/G ratio of 0.59 and a beta of 2.29.

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

Targa Resources Dividend Announcement

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

Hedge Funds Weigh In On Targa Resources

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

Targa Resources Company Profile

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.