Barclays (LON:BARC) analyst Christine Cho CFA maintained a Buy rating on Targa Resources (NYSE:TRGP) on Monday, setting a price target of $66, which is approximately 17.44% above the present share price of $56.2.
Cho CFA expects Targa Resources to post earnings per share (EPS) of $0.15 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Strong Buy rating of shares in Targa Resources, with an average price target of $57.71.
The analysts price targets range from a high of $72 to a low of $46.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.42 billion and a net profit of $245.8 million. The company's market cap is $12.85 billion.
According to TipRanks.com, Barclays analyst Christine Cho CFA is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.5% and a 58.03% success rate.
Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities; and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value added services such as storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters; storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005 and is headquartered in Houston, TX.