Targa Resources, Inc. (TRGP) Is Up 1.96% in One Week: What You Should Know
Does Targa Resources, Inc. (TRGP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Targa Resources: The Price Is Not Always Right (Rating Downgrade)
TRGP's price performance over the last several months has been incredibly strong, pushing it out past my price target for 2026. The new growth projects announced by the company will likely cause the company to increase debt levels in 2025, although still at manageable levels. Targa Resources will become a full taxpayer by 2027, negativity will impact FCF.
Targa Resources Q3 Earnings Beat on Permian Volume Strength
TRGP's adjusted EBITDA for the third quarter totaled $1.1 billion, up from $840.2 million in the prior-year period.
Targa Resources (TRGP) Upgraded to Buy: What Does It Mean for the Stock?
Targa Resources (TRGP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Targa Resources: Assuming The Past Never Happens Again
Target Resources cut its dividend in 2020 to repay debt faster, reflecting its aggressive growth strategy. Midstream earnings are protected by "take-or-pay" contracts, but growth often slows during cyclical downturns (of customer upstream companies). The cyclical nature of the upstream business means growth will eventually slow, affecting stock performance.
Targa Resources Corp (TRGP) Q3 2024 Earnings Call Transcript
Targa Resources Corp (NYSE:TRGP ) Q3 2024 Results Conference Call November 5, 2024 11:00 AM ET Company Participants Tristan Richardson - IR Matt Meloy - CEO & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & CFO Scott Pryor - President of Logistics & Transportation Patrick McDonie - President of Gathering & Processing Robert Muraro - Chief Commercial Officer Conference Call Participants Theresa Chen - Barclays Jeremy Tonet - JPMorgan Michael Blum - Wells Fargo Keith Stanley - Wolfe Research Jean Salisbury - Bank of America John Mackay - Goldman Sachs Manav Gupta - UBS Neal Dingmann - Truist A.J. O'Donnell - TPH Sunil Sibal - Seaport Global Operator Ladies and gentlemen, thank you for standing by.
Are You Looking for a Top Momentum Pick? Why Targa Resources, Inc. (TRGP) is a Great Choice
Does Targa Resources, Inc. (TRGP) have what it takes to be a top stock pick for momentum investors? Let's find out.
One Stock Most Likely To Miss Q3 2024 Estimates
Wall Street analysts were overly optimistic about second-quarter earnings for most S&P 500 companies, with 74% of Street EPS exceeding Core EPS. Our analysis reveals that Street Earnings overstate profits for 369 S&P 500 companies, with an average overstatement of 19%. 42% of S&P 500 companies have Street Earnings overstated by more than 10%, affecting 26.9% of the market cap as of 9/23/24.
Targa's Shares Gain 76% Year to Date: Time to Buy or Hold?
TRGP boasts a 76% year-to-date share price increase, fueled by growth and stable revenues. Yet, concerns over debt and valuation raise concerns.
Targa (TRGP) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
Targa (TRGP) anticipates its capital expenditure for 2024 to be at $2.7 billion, with net maintenance capital expenditures amounting to $225 million.
Targa Resources: Large Growth Potential With High Capex Spending
Targa Resources is a high-growth midstream play whose assets provide an integrated system to deliver NGLs from the wellhead to export terminals. The company is very comparable to Enterprise Products in many ways. However, due to its smaller size, TRGP will realize a larger growth rate. With an estimated 13% CAGR, I rate TRGP as a buy with an initial price target of $180/share.
Targa Resources Corp. (TRGP) Q2 2024 Earnings Call Transcript
Targa Resources Corp. (NYSE:TRGP ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Sanjay Lad - Vice President, Finance and Investor Relations Matt Meloy - Chief Executive Officer Jen Kneale - President, Finance & Administration Pat McDonie - President, Gathering & Processing Scott Pryor - President, Logistics & Transportation Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Spiro Dounis - Citi Theresa Chen - Barclays Michael Blum - Wells Fargo John Mackay - Goldman Sachs Manav Gupta - UBS Keith Stanley - Wolfe Research Sunil Sibal - Seaport Global Tristan Richardson - Scotiabank Operator Good day, and welcome to the Targa Resources Corporation Second Quarter 2024 Earnings Webcast and Presentation. At this time, all participants are in a listen-only mode.
