
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is positioned well to perform in the midstream industry, with a diversified portfolio of gathering, processing, logistics, and transportation assets primarily in the Permian Basin. Strong organic volume growth is expected in subsequent quarters, supported by the addition of new processing plants and expansions of pipeline infrastructure. The company also has a strong focus on sustainability and reducing its carbon footprint. With a solid fundamental backdrop and potential for structural growth, Targa Resources receives an "Outperform" rating.
Bears say
Targa Resources is facing numerous risks, such as a potentially weak demand for natural gas, which could impact volumes and project returns, and its reliance on the Permian basin leaves it vulnerable to potential productivity changes. Additionally, a decline in oil and gas prices, as well as regulatory and legislative changes, could harm the company's financial condition and operations. Furthermore, the company is facing competition from other midstream players, and its high correlation to crude prices makes it susceptible to market fluctuations. The CEO and President have extensive experience in the industry, but their previous roles were not directly related to midstream operations. Overall, the company's reliance on the Permian basin and potential risks in the industry contribute to a negative outlook on Targa Resources.
This aggregate rating is based on analysts' research of Targa Resources and is not a guaranteed prediction by Public.com or investment advice.
Targa Resources (TRGP) Analyst Forecast & Price Prediction
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