
Targa Resources (TRGP) Stock Forecast & Price Target
Targa Resources (TRGP) Analyst Ratings
Bulls say
Targa Resources is seeing strong volume growth in their Permian operations, and their recent Stakeholder acquisition enhances their sour gas treating capabilities, giving them a significant advantage in a key area of the market. Additionally, the company has strong relationships with major producers in the Lower 48, and a well-placed downstream infrastructure that can be expanded to meet demand. Overall, the company is well-positioned to benefit from the continued growth of US shale-driven NGL exports and has the potential for increased shareholder returns through dividend growth and share repurchases.
Bears say
Targa Resources is facing significant risks in terms of lower producer activity, lower demand for NGL purity products, and potential reductions in commodity prices which could negatively impact its pricing and margins. In addition, the company may face execution risks with new projects and is susceptible to asset concentration risk due to its footprint being predominantly in the Permian basin. While TRGP has strong relationships with key E&P companies, potential declines in oil and gas prices, changes in environmental regulations, and competition from renewable energy could impact its business and financials.
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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