Targa Resources (TRGP) Earnings: 2Q Revenue Misses Estimates but Adjusted EBITDA Surpasses Forecast

Targa Resources on Smartkarma

Analyst Coverage of Targa Resources on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have initiated coverage on Targa Resources Corp. Their insightful report titled “Targa Resources Corp: Initiation of Coverage – A Story Of Continued Organic Growth in Core Businesses! – Major Drivers” highlights the company’s resilience in financial performance and operational execution. Targa Resources Corp. achieved record adjusted EBITDA, Permian volumes, and LPG export volumes in Q1 2021, showing strong performance. This has led to mixed effects on its investment outlook, with significant dividend increases and common share repurchases contributing to its positive sentiment.

A look at Targa Resources Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Targa Resources shows a promising long-term outlook. With a high Growth score of 5, the company is positioned for potential expansion and development in the future. This indicates that Targa Resources may experience significant growth opportunities in the midstream natural gas and natural gas liquid services sector. Additionally, the Momentum score of 5 suggests that the company has strong positive price momentum, which could attract investors looking for a stock with upward potential.

While Targa Resources scores lower in terms of Value and Resilience, with scores of 2, its Dividend score of 3 implies a moderate dividend yield for investors. Overall, Targa Resources Corp. appears to have a positive outlook for long-term growth and momentum in the midstream energy sector, despite some lower scores in areas such as value and resilience.

Summary: Targa Resources Corp. is involved in midstream natural gas and natural gas liquid services, including gathering, compressing, treating, processing, and selling natural gas. The company also handles storage, fractionation, treatment, transportation, and sale of natural gas liquids and related products.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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