Targa Resources Corp. (TRGP)'s recent investment performance presents a mixed outlook. The oil and gas company was listed among
Billionaire Louis Bacon's stock picks with high upside potential. Despite this and a substantial
33% dividend hike, TRGP's stock value fell. It's believed that rising expenses and growth concerns contribute to this decline. An
earnings miss against analyst estimates paired with
price target cuts from RBC Capital and Citigroup further released negativity. However, investors who bought TRGP five years ago saw significant returns, with respective gains of
541% and
501%. TRGP also
witnessed a record-breaking Q1 2025 despite missing expectations. A $2B debt offering helped to gain full control of North Dakota assets. Nonetheless, insider selling was noticed which might signal caution. As for future performance, analysts hold mixed opinions with
Raymond James expressing positivity but Wolfe Research reducing its price target on the stock. Scotiabank, however, adjusted its price target whilst maintaining a positive outlook. Moving forwards, despite debt-related risks, growth investors may remain interested in TRGP, especially given Targa's robust Q1 2025 results.
Targa Resources Corp TRGP News Analytics from Mon, 24 Jun 2024 07:00:00 GMT to Sat, 10 May 2025 07:41:51 GMT -
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