In the recent industry news, Targa Resources Corp (TRGP) secures significant coverage. Their PE ratio falls within industry norm, and while facing commodity price instability, prospects for growth remain promising according to their SWOT analysis. Investment experts are upgrading TRGP due to favourable dividends and market performance, with RBC Capital increasing its price target to $205. TRGP’s lobbying efforts have also been noted, particularly due to disclosed expenditure.
With granular focus on TRGP's returns, the company declares an annual dividend of $4.00, while expectation builds for their Q2 earnings in August. Recent boost in TRGP's shareholder returns, along with anticipated growth in H2 2025 boosts its attractiveness for growth investors. Experts now consider TRGP to be an appealing choice in American energy and dividend stock.
Earlier earnings misses by TRGP do not deter UBS and Barclays, both maintain a buy rating. Dual senior notes offerings yielding $1.5 Billion at lower interest rates also provides solid backing. On the trading front, TRGP's shares have achieved 58% CAGR over five years. As Matthew Meloy, CEO of Targa Resources, proceeds with significant stock sales, JP Morgan raises TRGP’s price target to $209 and maintains an overweight rating.
Targa Resources Corp TRGP News Analytics from Thu, 21 Apr 2022 07:00:00 GMT to Sat, 19 Jul 2025 14:31:00 GMT - Innovation 2 - Information 7 - Rumor 4
