Scotiabank resumed coverage on Targa Resources with a new price target
$TRGP
Natural Gas Distribution
Utilities
Scotiabank resumed coverage of Targa Resources with a rating of Sector Outperform and set a new price target of $218.00
Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/19/2025 | $185.00 | Outperform | BMO Capital Markets |
| 7/7/2025 | $192.00 | Hold | TD Cowen |
| 1/10/2025 | $218.00 | Sector Outperform | Scotiabank |
| 10/17/2024 | $182.00 | Buy | BofA Securities |
| 10/6/2023 | $101.00 | Buy | Goldman |
| 3/2/2023 | $115.00 | Sector Outperform | Scotiabank |
| 12/9/2022 | $95.00 | Buy | Citigroup |
| 9/8/2022 | $93.00 | Buy | Goldman |
8-K - Targa Resources Corp. (0001389170) (Filer)
8-K - Targa Resources Corp. (0001389170) (Filer)
FWP - Targa Resources Corp. (0001389170) (Subject)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
4 - Targa Resources Corp. (0001389170) (Issuer)
BMO Capital Markets initiated coverage of Targa Resources with a rating of Outperform and set a new price target of $185.00
TD Cowen initiated coverage of Targa Resources with a rating of Hold and set a new price target of $192.00
Scotiabank resumed coverage of Targa Resources with a rating of Sector Outperform and set a new price target of $218.00
$1.25 billion purchase price represents ~6 times 2026 estimated unlevered adjusted free cash flowUnderpinned by long-term acreage dedications of ~170,000 acres and attractive fee-based contractsStable volume profile with significant additional economic drilling opportunitiesFurther enhances Targa's leading sour gas treating capabilities and expands Targa's gathering and processing (G&P) footprint in the Permian BasinIncreases scale and cash flow with minimal impact to pro forma leverage HOUSTON, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire S
HOUSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. ("Targa" or the "Company") (NYSE:TRGP) announced today the pricing of an underwritten public offering (the "Offering") of $750 million aggregate principal amount of its 4.350% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 5.400% Senior Notes due 2036 at a price to the public of 99.938% and 99.920% of their face value, respectively. The Offering is expected to close on November 12, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use a portion of the net proceeds from the Offering to redeem the 6.875% Senior Notes due 2029 (the "6.875% 2029 Notes") issued by
HOUSTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported third quarter 2025 results. Third quarter 2025 net income attributable to Targa Resources Corp. was $478.4 million compared to $387.4 million for the third quarter of 2024. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,274.8 million for the third quarter of 2025 compared to $1,069.7 million for the third quarter of 2024. Highlights Record adjusted EBITDA for the third quarter of $1.3 billion, a 19% increase year over year and a 10% increase compared to th
HOUSTON, April 17, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that Joel Thomas has been appointed Senior Vice President - Finance and Treasurer of the Company effective April 13, 2023. Joel joined Targa in 2012 where he served as Associate of Corporate Development and after increasing responsibilities through his time at Targa, was most recently Vice President of Corporate and Commercial Development. Prior to joining Targa, he was with Wells Fargo Securities, in their energy investment banking group. He holds a Bachelor of Business Administration in Business Honors and Finance from The University of Texas at Austin. About Targa R
HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Paul W. Chung retired from the management team and was appointed Chairman of the Board of Directors effective January 1, 2021. Joe Bob Perkins, previously Executive Chairman of the Board of Directors, retired from the management team and will continue to serve on the Board of Directors. The changes announced today continue the succession contemplated and approved by the Nominating and Governance Committee of Targa’s Board of Directors. From May 2004 to March 2020, Mr. Chung served as Executive Vice President, General Counsel and Secretary of the Company and its pre
$1.25 billion purchase price represents ~6 times 2026 estimated unlevered adjusted free cash flowUnderpinned by long-term acreage dedications of ~170,000 acres and attractive fee-based contractsStable volume profile with significant additional economic drilling opportunitiesFurther enhances Targa's leading sour gas treating capabilities and expands Targa's gathering and processing (G&P) footprint in the Permian BasinIncreases scale and cash flow with minimal impact to pro forma leverage HOUSTON, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire S
HOUSTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported third quarter 2025 results. Third quarter 2025 net income attributable to Targa Resources Corp. was $478.4 million compared to $387.4 million for the third quarter of 2024. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $1,274.8 million for the third quarter of 2025 compared to $1,069.7 million for the third quarter of 2024. Highlights Record adjusted EBITDA for the third quarter of $1.3 billion, a 19% increase year over year and a 10% increase compared to th
HOUSTON, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the third quarter of 2025. This cash dividend will be paid November 17, 2025 on all outstanding common shares to holders of record as of the close of business on October 31, 2025. The Company will report its third quarter 2025 financial results before the market opens for trading on Wednesday, November 5, 2025, and will host a live webcast at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2025 third quarter
SC 13G - Targa Resources Corp. (0001389170) (Subject)
SC 13G/A - Targa Resources Corp. (0001389170) (Subject)
SC 13G/A - Targa Resources Corp. (0001389170) (Subject)