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's revenues are expected to fall below last year's, and this forecast tends to raise concerns among investors. A revenue drop can negatively impact the company's profitability, making investors more cautious about their positions due to the risks of declining financial performance.

Financial Ratios:

currentRatio 0.666000
forwardPE 20.699848
debtToEquity 548.630000
earningsGrowth 0.745000
revenueGrowth -0.079000
grossMargins 0.382920
operatingMargins 0.226210
trailingEps 8.490000
forwardEps 11.589940

Targa Resources Corp.'s current ratio is 0.666, meaning its cash reserves and assets may not be enough to meet short-term debt obligations. This raises concerns about the company's liquidity and its ability to cover immediate financial commitments without additional financing.
TRGP's Forward PE ratio is in a good range, reflecting a reasonable balance between stock price and earnings. The stock is not overpriced, leaving room for growth, which suggests potential for investors looking to capitalize on future value appreciation.
TRGP's elevated debt-to-equity ratio suggests the company is highly leveraged, meaning it has significant debt compared to equity. This can be risky, particularly if TRGP's cash flow or profits decrease, making it harder to meet debt obligations.
With positive gross and operating margins, TRGP demonstrates strong profitability. This reflects the company's ability to manage costs and maintain healthy profits, showcasing effective operational efficiency and financial stability.
TRGP's forward EPS being higher than its trailing EPS signals anticipated growth in profitability for the current financial year. This suggests that TRGP is on track to improve its earnings, outpacing the previous year's performance and reflecting positive market expectations.

Price projections:

Price projections for TRGP
Price projections for TRGP

Over time, price projections for TRGP have been gradually revised upward, reflecting increasing optimism about the company's future performance. This trend suggests analysts are growing more confident in TRGP's ability to deliver strong results and achieve higher market value.

Insider Transactions:

Insider Transactions for TRGP
Insider Transactions for TRGP


12 sell transactions of Targa Resources Corp. were recorded, with market price hovering near 203.41333389282227.During the period under consideration, no sell transactions took place.The trend of more buys compared to sells around TRGP's current price levels may signal investor optimism. This behavior suggests that the market is expecting a favorable outcome for the stock, leading to increased buying activity.

Recommendation changes over time:

Recommendations trend for TRGP
Recommendations trend for TRGP


Targa Resources Corp. has been receiving a buy bias from analysts, signaling strong confidence in the stock's future performance. This positive outlook might drive investors to view Targa Resources Corp. as an attractive option for their portfolios, positioning the company as a stable and profitable investment choice.