Seaport Res Ptn Predicts Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP - Free Report) - Analysts at Seaport Res Ptn issued their Q1 2025 earnings per share (EPS) estimates for Targa Resources in a research note issued to investors on Monday, April 28th. Seaport Res Ptn analyst S. Sibal expects that the pipeline company will post earnings of $1.94 per share for the quarter. The consensus estimate for Targa Resources' current full-year earnings is $8.15 per share. Seaport Res Ptn also issued estimates for Targa Resources' Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at $2.20 EPS, Q4 2025 earnings at $2.26 EPS and FY2025 earnings at $8.29 EPS.

Several other equities analysts have also issued reports on the company. Barclays lowered their price target on Targa Resources from $211.00 to $206.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group decreased their price objective on shares of Targa Resources from $218.00 to $194.00 and set a "buy" rating for the company in a report on Monday. Morgan Stanley raised their target price on shares of Targa Resources from $202.00 to $244.00 and gave the stock an "overweight" rating in a report on Monday, March 17th. Scotiabank decreased their target price on shares of Targa Resources from $201.00 to $199.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company raised their price target on Targa Resources from $204.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $207.21.

Targa Resources Trading Down 2.7 %

NYSE:TRGP traded down $4.32 during mid-day trading on Wednesday, reaching $157.56. 1,588,348 shares of the company's stock traded hands, compared to its average volume of 1,746,254. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61. The firm has a market capitalization of $34.28 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 0.61 and a beta of 1.75. The company has a 50 day moving average price of $182.45 and a 200-day moving average price of $188.48. Targa Resources has a 12-month low of $112.05 and a 12-month high of $218.51.

Targa Resources (NYSE:TRGP - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The pipeline company reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $2.04 by ($1.13). The company had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $5.01 billion. Targa Resources had a return on equity of 28.67% and a net margin of 7.81%.

Targa Resources Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 30th. This represents a yield of 2.34%. Targa Resources's payout ratio is presently 69.69%.

Insider Transactions at Targa Resources

In other news, CEO Matthew J. Meloy sold 48,837 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $195.08, for a total transaction of $9,527,121.96. Following the transaction, the chief executive officer now owns 725,628 shares in the company, valued at approximately $141,555,510.24. This trade represents a 6.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Waters S. Iv Davis sold 2,190 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $196.26, for a total value of $429,809.40. Following the sale, the director now owns 2,899 shares of the company's stock, valued at approximately $568,957.74. This trade represents a 43.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,914 shares of company stock valued at $22,613,288 over the last three months. 1.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Targa Resources

A number of institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in shares of Targa Resources by 578.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 129 shares of the pipeline company's stock worth $26,000 after acquiring an additional 110 shares during the period. Colonial Trust Co SC raised its stake in shares of Targa Resources by 5,400.0% in the 4th quarter. Colonial Trust Co SC now owns 165 shares of the pipeline company's stock valued at $29,000 after buying an additional 162 shares in the last quarter. Atala Financial Inc bought a new position in shares of Targa Resources during the 4th quarter worth about $31,000. Cary Street Partners Financial LLC acquired a new stake in shares of Targa Resources during the 4th quarter valued at about $31,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Targa Resources during the 4th quarter valued at about $31,000. 92.13% of the stock is currently owned by institutional investors.

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.