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

With TRGP's revenues expected to fall below the previous year's, investors are likely to approach the stock with caution. Declining revenues can negatively affect profitability, which makes it harder for the company to maintain investor confidence and perform well in the market.

Financial Ratios:

currentRatio 0.772000
forwardPE 25.571753
debtToEquity 321.534000
earningsGrowth 0.804000
revenueGrowth -0.012000
grossMargins 0.341450
operatingMargins 0.189050
trailingEps 5.540000
forwardEps 8.260000

Targa Resources Corp.'s Forward PE ratio suggests that the stock is priced appropriately in relation to its earnings. Not being overpriced, it offers room for growth, signaling potential upside for investors looking for a stock with reasonable valuation and growth potential.
TRGP's high debt-to-equity ratio indicates the company is using significant leverage, relying more on debt to finance its operations. This can lead to higher risk, especially if profitability falters or economic conditions worsen.
TRGP's forward EPS being higher than its trailing EPS points to expected growth in profitability. This suggests that the company is projected to perform better in the current financial year, with higher earnings forecasted compared to the previous year.

Price projections:

Price projections for TRGP
Price projections for TRGP

TRGP's price projections have gradually increased over time, indicating that analysts are becoming more optimistic about the company's prospects. This suggests confidence in TRGP's ability to achieve future growth.

Recommendation changes over time:

Recommendations trend for TRGP
Recommendations trend for TRGP


Analysts' buy bias for Targa Resources Corp. signals that the stock is considered a favorable investment. This outlook might prompt investors to allocate funds to Targa Resources Corp., seeing it as a solid and profitable choice to park their money and potentially benefit from the company's long-term growth.