Targa Resources Corp's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 7 out of 97 in the Oil & Gas Related Equipment and Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 212.69.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Targa Resources Corp is 7.11, ranking 61 out of 97 in the Oil & Gas Related Equipment and Services industry. Its financial status is weak, and its operating efficiency is average. Its latest quarterly revenue reached 4.20B, representing a year-over-year increase of 8.13%, while its net profit experienced a year-over-year increase of 23.67%.
Key Metrics
The current valuation score of Targa Resources Corp is 6.83, ranking 76 out of 97 in the Oil & Gas Related Equipment and Services industry. Its current P/E ratio is 28.37, which is 32.98% below the recent high of 37.73 and 40.28% above the recent low of 16.94.
The current earnings forecast score of Targa Resources Corp is 8.52, ranking 15 out of 97 in the Oil & Gas Related Equipment and Services industry. The average price target is 200.00, with a high of 261.00 and a low of 159.21.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Targa Resources Corp is 9.82, ranking 2 out of 97 in the Oil & Gas Related Equipment and Services industry. Currently, the stock price is trading between the resistance level at 224.19 and the support level at 186.17, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Targa Resources Corp is 10.00, ranking 1 out of 97 in the Oil & Gas Related Equipment and Services industry. The latest institutional shareholding proportion is 94.07%, representing a quarter-over-quarter increase of 0.99%. The largest institutional shareholder is The Vanguard, holding a total of 27.96M shares, representing 13.03% of shares outstanding, with 3.12% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Oil & Gas Related Equipment and Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Targa Resources Corp is 8.61, ranking 20 out of 97 in the Oil & Gas Related Equipment and Services industry. The company's beta value is 0.87. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
