Argus Investors Counsel Inc. holds a $2.67 Million stake in Targa Resources Corp. Targa secured $1.5 billion through a dual senior notes offer at lower interest rates, leading to discussions of the company potentially being undervalued by 44%. Announcing pricing for a public offering of senior notes, Targa's price target was lowered at Argus despite showing future potential with underappreciated resilience.
Assenagon Asset Management S.A., one of its investors, reduced holdings. The company achieved record Q1 2025 results while successfully tapping into the Permian boom. In spite of the earnings miss, analysts forecast growth, lauding it as a good addition to an infrastructure stock portfolio. Following a $2 billion debt offering giving full control of North Dakota assets, those who invested five years ago have enjoyed a 501% return.
The public offering of senior notes amounted to a further $1.5 billion, with growth investors still taking an interest. Targa's shares have gained 29% in six months, and the company has seen record earnings and growth.
Risks exist due to Targa's debt, but the company's Permian footprint continues to deliver incremental growth opportunities. After rebuffing a takeover from William's, the company announced an increase in quarterly common dividends. Targa has succeeded well after a series of solid deals, providing a positive growth outlook for 2025. However, insiders, including President Scott Pryor, have sold several million in stocks, warranting some caution among investors.
Targa Resources Corp TRGP News Analytics from Thu, 20 Jul 2017 15:38:04 GMT to Fri, 13 Jun 2025 13:28:23 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -2
