Targa Resources Corp (TRGP) Stock Forecast & Predictions

Targa Resources Corp TRGP: $32.77

1000 Louisiana St Ste 4300, Houston, Texas, US. | Sector: Transportation and Warehousing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.targaresources.com/

  • Market Cap$7.48B
  • Change (52 Weeks)303.42%
  • Low (52 Weeks)$8.4
  • Targa Resources Corp (TRGP) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Targa Resources Corp (TRGP) stock price is $32.77 and the 52 weeks low is $8.4, which means the Targa Resources Corp stock price is up 303.42% in the last 12 months.

    Targa Resources Corp (TRGP) Stock Price has been Trending Strongly with an ADX reading of 33.45 as per the Weekly Chart.

    A Upward trend indicates that Targa Resources Corp (TRGP) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that TRGP Stock price might rise further, 25.00% indicating that TRGP Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall TRGP stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Targa Resources Corp (TRGP) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Targa Resources Corp (TRGP) is based on 28 Institutional Analyst Ratings where 53.57% are on Strong Buy, 28.57% on Moderate Buy, 17.86% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 28 Institutional Analysts, majority recommended TRGP stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Targa Resources Corp.

    Targa Resources Corp (TRGP) Stock Price Prediction By Analysts


    HighLowAverage
    $51.45$32.32$40.34
    $40.3423.1% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for TRGP set by the institutional analysts is $40.34 where High Estimate is $51.45, Median $39.27 and Low $32.32.

    The average price target for TRGP by Institutional Analysts is $40.34, which is 23.1% Upside from the current price. So according to the Institutional Analysts, TRGP Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Targa Resources Corp (TRGP) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with TRGP stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about TRGP and holding their positions hoping for a further rise in the stock price and more profit.

    Targa Resources Corp (TRGP) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Raymond JamesStrong BuyMaintained
    Wolfe ResearchOutperformUpgraded
    Morgan StanleyOverweightMaintained
    Goldman SachsBuyInitiated
    Credit SuisseOutperformMaintained
    Seaport GlobalBuyUpgraded
    StifelBuyUpgraded
    Morgan StanleyOverweightMaintained
    Raymond JamesStrong BuyMaintained
    Morgan StanleyOverweightMaintained
    SMBC NikkoOutperformInitiated
    Wells FargoOverweightUpgraded
    Credit SuisseOutperformUpgraded
    Morgan StanleyOverweightMaintained
    Piper SandlerNeutralMaintained
    Raymond JamesStrong BuyUpgraded
    Morgan StanleyOverweightUpgraded
    Morgan StanleyUnderweightMaintained
    Raymond JamesOutperformMaintained
    Seaport GlobalNeutralDowngraded
    Wells FargoEqual-WeightMaintained
    Raymond JamesOutperformMaintained
    BarclaysOverweightUpgraded
    Morgan StanleyUnderweightMaintained
    UBSBuyMaintained
    MizuhoNeutralMaintained
    CitigroupNeutralMaintained
    SunTrust Robinson HumphreyBuyMaintained
    RBC CapitalOutperformMaintained
    Wells FargoEqual-WeightMaintained
    UBSBuyMaintained
    UBSBuyMaintained
    Credit SuisseNeutralDowngraded
    UBSBuyMaintained
    BarclaysEqual-WeightDowngraded
    Morgan StanleyUnderweightMaintained
    Credit SuisseOutperformMaintained
    Morgan StanleyUnderweightDowngraded
    StifelHoldMaintained
    Raymond JamesOutperformDowngraded
    BairdNeutralDowngraded
    MizuhoNeutralMaintained
    RBC CapitalOutperformReiterated
    Wolfe ResearchUnderperformDowngraded
    Morgan StanleyEqual-WeightInitiated
    BairdOutperformMaintained
    UBSBuyMaintained
    Piper JaffrayNeutralMaintained
    Piper JaffrayNeutralInitiated
    Stifel NicolausHoldDowngraded
    BairdOutperformMaintained
    Wells FargoMarket PerformDowngraded
    Bank of AmericaBuyReiterated
    Raymond JamesStrong BuyUpgraded
    Credit SuisseOutperformMaintained
    SunTrust Robinson HumphreyBuyUpgraded
    Seaport GlobalBuyUpgraded
    Credit SuisseOutperformUpgraded
    UBSBuyMaintained
    JP MorganOverweightUpgraded
    JefferiesBuyUpgraded
    MizuhoNeutralInitiated
    CitigroupNeutralDowngraded
    Bank of AmericaBuyUpgraded
    Raymond JamesStrong BuyMaintained
    Stifel NicolausBuyMaintained
    Credit SuisseNeutralInitiated
    BarclaysOverweightUpgraded
    Wells FargoOutperformMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    UBSBuyMaintained
    RBC CapitalOutperformMaintained
    CitigroupBuyMaintained
    Seaport GlobalNeutralDowngraded
    SunTrust Robinson HumphreyHoldInitiated
    BarclaysEqual-WeightDowngraded
    Stifel NicolausBuyMaintained
    Deutsche BankHoldInitiated
    BarclaysOverweightMaintained
    BairdNeutralMaintained
    UBSNeutralMaintained
    CitigroupBuyMaintained
    Goldman SachsBuyUpgraded
    BarclaysOverweightUpgraded
    Credit SuisseNeutralInitiated
    Wells FargoMarket PerformDowngraded
    CitigroupBuyUpgraded
    Goldman SachsNeutralDowngraded
    JefferiesHoldDowngraded
    Wells FargoOutperformMaintained
    CitigroupNeutralDowngraded
    GuggenheimBuyUpgraded
    BarclaysEqual-WeightDowngraded
    Wells FargoOutperformUpgraded
    JefferiesBuyUpgraded
    Raymond JamesStrong BuyUpgraded
    GuggenheimNeutralInitiated
    Stifel NicolausBuyUpgraded
    Evercore ISI GroupOutperformUpgraded
    Raymond JamesOutperformUpgraded
    Stifel NicolausHoldDowngraded
    Stifel NicolausBuyUpgraded
    Stifel NicolausHoldDowngraded
    BarclaysOverweightUpgraded
    Goldman SachsBuyUpgraded
    Evercore ISI GroupHoldInitiated
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyUpgraded
    JefferiesHoldDowngraded
    Stifel NicolausHoldInitiated
    Capital One FinancialOverweightUpgraded
    CitigroupBuyMaintained
    BMO CapitalMarket PerformInitiated
    BarclaysEqual-WeightInitiated
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    Credit SuisseNeutralUpgraded
    JefferiesBuyUpgraded
    Seaport GlobalAccumulateDowngraded
    Raymond JamesMarket PerformDowngraded
    Credit SuisseUnderperformDowngraded
    JefferiesHoldUpgraded
    BarclaysOverweightMaintained
    JefferiesUnderperformDowngraded
    BarclaysOverweightMaintained
    CitigroupBuyMaintained
    Goldman SachsNeutralDowngraded
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    JP MorganNeutralDowngraded
    Seaport GlobalDowngraded
    Capital One FinancialEqual-WeightDowngraded
    JP MorganOverweightMaintained
    CitigroupBuyInitiated
    WunderlichBuyMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    JefferiesHoldMaintained
    Tudor PickeringDowngraded
    JefferiesHoldMaintained
    WunderlichHoldMaintained
    BarclaysOverweightMaintained
    Tudor PickeringBuyUpgraded
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    JP MorganOverweightMaintained
    Tudor PickeringAccumulateUpgraded
    Credit SuisseOutperformMaintained
    Seaport GlobalAccumulateDowngraded
    BarclaysOverweightMaintained
    CitigroupBuyMaintained
    Seaport GlobalBuyInitiated
    JefferiesHoldMaintained
    Raymond JamesOutperformMaintained
    JP MorganOverweightMaintained
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    JefferiesHoldMaintained
    UBSNeutralInitiated
    CitigroupBuyMaintained
    JP MorganOverweightMaintained
    WunderlichHoldMaintained
    Wells FargoMarket PerformDowngraded
    CitigroupBuyMaintained
    JefferiesHoldDowngraded
    Morgan StanleyOverweightUpgraded
    Goldman SachsBuyInitiated
    WunderlichHoldInitiated
    Tudor PickeringHoldDowngraded
    BairdNeutralDowngraded
    JefferiesBuyInitiated
    Deutsche BankHoldMaintained
    Morgan StanleyEqual-WeightDowngraded
    JP MorganOverweightMaintained
    Deutsche BankHoldMaintained
    Bank of AmericaNeutralDowngraded
    BarclaysOverweightMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    Bank of AmericaBuyMaintained
    JP MorganOverweightMaintained
    UBSBuyInitiated
    Deutsche BankHoldDowngraded

    Targa Resources Corp (TRGP) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.209
    The average consensus EPS for TRGP is $0.209 with a high estimate of $0.378 and Low of $0.029 for the period 2021-06-30 and based on 19 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.16$0.1034282020-09-30


    The latest average Earning Per Share Estimate for Targa Resources Corp is $0.21, which is higher than TRGP's last EPS, $0.16. This means that Analysts are expecting Targa Resources Corp to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Targa Resources Corp.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.16$0.1034282020-09-30
    $0.21$-0.136292399999999982020-06-30
    $2.89$-0.070380000000000012020-03-31
    $-0.62027$-0.06965582019-12-31
    $-0.62$-0.21478142019-09-30
    $-0.18$-0.300392019-06-30
    $-0.29982$-0.103978800000000012019-03-31
    $0.32$0.0139638000000000022018-12-31
    $-0.24$0.064770000000000012018-09-30
    $-0.02$-0.0294474000000000022018-06-30
    $-0.03$-0.00796622018-03-31
    $-0.08$0.00574262017-12-31
    $-0.16$-0.11518862017-09-30
    $0.14$-0.14370782017-06-30
    $-0.77$0.01191362017-03-31
    $-1.18$0.06265862016-12-31
    $-0.23$-0.05678342016-09-30
    $-0.14$-0.079712999999999992016-06-30
    $-0.02$-0.1012352016-03-31
    $0.48$0.49866782015-12-31
    $0.23$0.57800340000000012015-09-30
    $0.29$0.640562015-06-30
    $0.58$0.68000342015-03-31
    $0.61$0.64712880000000012014-12-31
    $0.73$0.66427500000000012014-09-30
    $0.63$0.6166412014-06-30
    $0.47$0.63579662014-03-31
    $0.48$0.533462013-12-31
    $0.39$0.45025862013-09-30
    $0.49$0.275400000000000032013-06-30
    $0.32$0.23751722013-03-31
    $0.48$0.21306782012-12-31
    $0.21$0.175439999999999982012-09-30
    $0.21$0.201962012-06-30
    $0.23$0.266474999999999962012-03-31
    $0.2$0.22269662011-12-31
    $0.12$0.272482799999999972011-09-30
    $0.25$0.208082011-06-30
    $0.16$0.218282011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).