Targa Resources Corp (NYSE:TRGP) has seen a recent surge in interest from investors, with the company's shares gaining 29% over the past six months. Comparatively, Targa Resources is performing exceptionally well in the oil and gas industry and is considered one of the top stocks to invest in, due to its promising market position and growing dividends. Barclays has recently lifted the price target for Targa Resources to $211 from $204, reflecting confidence in the company's potential. The company is reportedly planning a significant 33% dividend hike to a $4.00 annual rate in Q1 2025, an attractive incentive for investors. After a slightly disappointing Q4 earnings report, Targa Resources has adopted a more bullish outlook. Barlays recommends the stock as a 'Buy' and Jim Cramer suggests that Targa can rebuild its dividends. Their latest financial blueprint in the 2024 Annual Report has also been released, providing comprehensive financial information to the public. Targa Resources has raised funds through a $2 Billion public offering of senior notes to finance strategic transactions. Despite some insider selling, there seems to be strong market momentum for TRGP. The company's decision to rebuff takeover interest from a larger rival, Williams, has also caught the eye of investors. This is coupled with the fact that the company has managed to reach an all-time high stock price of $210.
Targa Resources Corp TRGP News Analytics from Fri, 03 May 2024 07:00:00 GMT to Fri, 21 Mar 2025 18:17:00 GMT -
Rating 8
- Innovation 4
- Rumor -6
