Overall Fundamental outlook

Business Operations:

Sector: Energy
Industry: Oil & Gas Midstream

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic 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. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2024, it leased and managed approximately 531 railcars; 131 tractors; and 6 vacuum trucks and 2 pressurized NGL barges, as well as owns 8 tractors. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Revenue projections:

Revenue projections for TRGP
Revenue projections for TRGP

TRGP is projected to see lower revenues than in the previous year, a trend that usually concerns investors. Declining revenues often harm a company's profitability, leading investors to exercise caution as they weigh the potential risks of continued financial downturns.

Financial Ratios:

currentRatio 0.771000
forwardPE 24.744038
debtToEquity 515.794000
earningsGrowth 0.233000
revenueGrowth 0.042000
grossMargins 0.431920
operatingMargins 0.278030
trailingEps 10.450000
forwardEps 12.060010

TRGP's Forward PE being in a good range indicates that the stock is valued appropriately based on its earnings. This suggests the stock is not overpriced and leaves room for growth, providing investors with an opportunity for potential appreciation in value.
TRGP's high debt-to-equity ratio indicates a strong reliance on debt, meaning the company is heavily leveraged. This could increase financial risks if cash flow or earnings decline, making it more difficult for TRGP to manage its debt obligations.
Targa Resources Corp.'s positive gross and operating margins highlight its strong profitability. The company's ability to control costs while generating revenue indicates efficient operations and a healthy financial position.
Targa Resources Corp.'s forward EPS exceeding its trailing EPS reflects expectations of increased profitability for the current year. This suggests that the company is projected to achieve higher earnings than in the previous financial year, signaling positive growth and improved financial health.

Price projections:

Price projections for TRGP
Price projections for TRGP

Targa Resources Corp.'s price projections have been consistently revised upward, suggesting that analysts are becoming increasingly optimistic about the company's future. This trend reflects confidence in Targa Resources Corp.'s ability to achieve strong financial results.

Insider Transactions:

Insider Transactions for TRGP
Insider Transactions for TRGP


9 TRGP stock sales were completed, with market price of 215.98777940538196.No sell transactions took place in the period under consideration.Targa Resources Corp.'s current price levels are experiencing more buying activity than selling, which may point to a favorable outlook. This trend suggests investor confidence in the stock's future, potentially indicating expectations of continued growth.

Recommendation changes over time:

Recommendations trend for TRGP
Recommendations trend for TRGP


Analysts' buy bias toward TRGP suggests the stock is seen as a solid investment, potentially motivating investors to consider it for their portfolios. With this positive outlook, TRGP is likely to be viewed as a secure place to allocate funds, driving further interest in the stock.