Targa Resources Stock Fair Value Calculation – Cambridge Investment Research Advisors Boosts Stake in Targa Resources Corp.

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Targa Resources ($NYSE:TRGP) Corp. is a leading midstream energy company that provides services for the transportation, storage, and processing of natural gas and other liquid hydrocarbons. The company operates in key production areas in North America, including the Permian Basin, Eagle Ford Shale, and the Bakken Shale. Recently, Cambridge Investment Research Advisors Inc. has made headlines by increasing their stake in Targa Resources Corp. This move indicates strong confidence in the company’s performance and potential for growth. The fact that they have chosen to boost their position in Targa Resources Corp. speaks volumes about the company’s financial strength and stability. It also reflects the company’s ability to attract and retain the attention of prominent investors and financial institutions.

The midstream energy sector has faced challenges in recent years, but Targa Resources Corp. has shown resilience and adaptability in navigating these obstacles. Their strategic partnerships, diversified portfolio, and focus on innovation have positioned them well for future success. This news is encouraging for current shareholders and may also attract new investors looking to capitalize on the strength of Targa Resources Corp.’s position in the midstream energy industry.

Stock Price

This news comes after TARGA RESOURCES‘ stock opened at $149.99 on Friday and closed at $146.75, showing a decline of 2.02% from the previous closing price of $149.78. The company’s strong financials, strategic partnerships, and dedication to sustainable growth have made it an attractive choice for investors. Targa Resources Corp. offers a wide range of midstream energy services, including gathering, processing, and transportation of natural gas and natural gas liquids. The company has a significant presence in major shale plays across the United States, providing essential infrastructure for the energy industry. TARGA RESOURCES has also made significant investments in expanding its reach and diversifying its offerings, allowing it to capitalize on emerging market opportunities.

One of the key factors that have contributed to Targa Resources Corp.’s success is its commitment to sustainable growth and responsible practices. The company has implemented various environmental initiatives to reduce its carbon footprint and minimize the impact of its operations on the environment. This dedication to sustainability has not only earned TARGA RESOURCES recognition from various industry organizations but has also made it an attractive choice for socially responsible investors. With a solid financial foundation, a diverse portfolio of services, and a commitment to sustainability, TARGA RESOURCES is well-positioned for continued success in the midstream energy sector. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Targa Resources. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Targa Resources. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Targa Resources. More…

Key Ratios Snapshot

Some of the financial key ratios for Targa Resources are shown below. More…

Analysis – Targa Resources Stock Fair Value Calculation

As a research firm focused on analyzing the wellbeing of various companies, we at GoodWhale have taken a closer look at TARGA RESOURCES. Through our analysis, we have come to the conclusion that the fair value of TARGA RESOURCES share is around $62.6. This value has been calculated using our proprietary Valuation Line, which takes into consideration various financial and market factors. However, at its current trading price of $146.75, TARGA RESOURCES stock is significantly overvalued by 134.5%. This means that investors are currently paying a premium for the stock, which may not be sustainable in the long run. It is important for investors to be aware of this overvaluation and carefully consider their investment decisions. Looking at the data and financial indicators, we can see that TARGA RESOURCES has been performing well as a company. However, this does not necessarily justify its current trading price. As a responsible investor, it is crucial to carefully evaluate the fair value of a stock before making any investment decisions. Overall, while TARGA RESOURCES may have potential for future growth and success, it is important to approach its current stock price with caution. Our analysis shows that it is currently overvalued and investors should carefully consider their options before investing in this company. More…

Peers

The company has a strong presence in the key producing basins in the United States and is well-positioned to capitalize on the growing demand for natural gas. Targa’s competitors include ONEOK Inc, Kinetik Holdings Inc, Anhui Province Natural Gas Development Co Ltd.

– ONEOK Inc ($NYSE:OKE)

ONEOK Inc is a leading midstream service provider in the United States. It has a market cap of 24.61B as of 2022 and a Return on Equity of 28.78%. The company operates in three segments: Natural Gas Gathering, Processing and Transportation; Natural Gas Liquids (NGL) Gathering, Processing, Transportation and Marketing; and Crude Oil Gathering and Transportation. ONEOK is one of the largest independent natural gas processors in the United States, with an average processing capacity of 2.6 billion cubic feet per day in 2020. The company is also one of the largest NGL marketers in the United States and owns one of the largest NGL transportation systems in the country.

– Kinetik Holdings Inc ($NASDAQ:KNTK)

Kinetik Holdings Inc is a publicly traded company with a market capitalization of $1.49 billion as of 2022. The company has a return on equity of 5.46%. Kinetik Holdings Inc is engaged in the business of providing turnkey engineering, procurement and construction services for the development and construction of electric transmission and distribution systems.

– Anhui Province Natural Gas Development Co Ltd ($SHSE:603689)

Anhui Province Natural Gas Development Co Ltd is a Chinese state-owned enterprise that engages in the development and operation of natural gas projects. The company has a market cap of 3.45 billion as of 2022 and a return on equity of 7.42%. The company’s main business activities include the exploration, development, production, and sales of natural gas.

Summary

Cambridge Investment Research Advisors Inc. recently increased their position in Targa Resources Corp, a midstream energy company, according to their latest regulatory filing. This move signals confidence in the company’s future prospects and potential for growth. Additionally, analysts have also been bullish on Targa Resources, with a consensus rating of “Buy” and an average target price that indicates a potential upside for investors. The company has been focusing on improving its financial position and expanding its operations through strategic acquisitions.

However, the stock has faced some volatility in recent months due to fluctuating oil prices and concerns over global energy demand. Overall, Targa Resources presents a promising opportunity for investors in the energy sector.