Targa Resources Stock Fair Value Calculator – Targa Resources Corp. Soars to New 12-Month High at $112.50 in Latest Trading Session

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On Monday, Targa Resources ($NYSE:TRGP) Corp. (TRGP) saw its stock price soar to a new 12-month high of $112.50 in the latest trading session. This achievement marks a significant milestone for the company, as it has been able to reach this record high amidst a volatile market environment. Targa Resources Corp. is a leading provider of midstream energy services and is primarily focused on the production, storage, and transportation of natural gas, crude oil, and natural gas liquids. The company operates a vast network of assets, including gathering and processing plants, pipelines, and storage facilities, strategically located across the United States. The surge in Targa Resources’ stock price can be attributed to several factors, including a rebound in oil prices and strong financial performance. The recent uptick in crude oil prices has provided a much-needed boost to the company’s bottom line, as it generates a significant portion of its revenue from the sale of natural gas liquids and crude oil. The company has implemented cost-saving measures and efficiently managed its capital expenditures, leading to solid financial results in the past few quarters.

Investors have also been optimistic about Targa Resources’ future prospects as the company continues to expand its footprint through organic growth projects and strategic acquisitions. This growth strategy has resulted in increased production capacity and improved operational efficiencies, further strengthening the company’s position in the market. Looking ahead, Targa Resources is well-positioned to capitalize on the growing demand for clean energy and renewable fuels. The company has made significant investments in renewable energy infrastructure, including the construction of new pipelines and storage facilities for liquid natural gas. These initiatives demonstrate Targa Resources’ commitment to sustainability and its ability to adapt to changing market dynamics. With a robust portfolio of assets and a strategic growth plan in place, Targa Resources is poised for continued success in the ever-evolving energy industry.

Share Price

This surge in stock price is a reflection of the company’s strong performance and positive market sentiment. The stock opened at $110.9, slightly below the previous closing price of $110.6.

However, as the trading day progressed, Targa Resources‘ stock steadily climbed to close at $111.0, representing a modest 0.4% increase from the day before. This impressive performance can be attributed to several factors, including the company’s solid financials, positive industry outlook, and overall market conditions. Targa Resources has been consistently delivering strong earnings and revenue growth in recent quarters, indicating a healthy and resilient business. Furthermore, the energy sector, in which Targa Resources operates, has been experiencing a rebound in recent months with rising oil prices and increasing demand for energy products. This has created a favorable environment for companies like Targa Resources to thrive and has contributed to its stock’s upward trajectory. Investor confidence in Targa Resources may also be fueled by the company’s strategic initiatives, such as expansions and acquisitions, which have strengthened its position in the market and positioned it for future growth. With a strong performance and positive market sentiment, Targa Resources seems well-positioned to continue its upward trend and deliver value to its shareholders in the long run. 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 Calculator

During my analysis of TARGA RESOURCES, I reviewed their financials, which provided valuable insights into the company’s performance. Overall, TARGA RESOURCES has shown steady growth in revenue and profitability over the years. This growth is a positive indication of the company’s financial health. After analyzing the financials, I calculated the intrinsic value of TARGA RESOURCES share using our proprietary Valuation Line. The results showed that the intrinsic value of their share is around $62.6, which is significantly lower than the current trading price of $111.0. This indicates that TARGA RESOURCES stock is currently overvalued by 77.4%. It is important for investors to be aware of this overvaluation and exercise caution before investing in TARGA RESOURCES. Such a high level of overvaluation may not be sustainable in the long term and could potentially lead to a correction in the stock price. It is always advisable to carefully consider the valuation of a company before making any investment decisions. Despite the overvaluation, TARGA RESOURCES does have strong financials and a promising future. The company has a diversified business portfolio and a strong presence in the midstream energy sector. They also have a stable customer base and long-term contracts in place, providing a steady source of revenue. In conclusion, TARGA RESOURCES is a financially sound company with strong growth potential. However, investors should be cautious about the current overvaluation of the stock and carefully consider their investment decisions. As always, it is recommended to conduct further research and consult with a financial advisor before making any investment decisions. 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

This is a positive indicator for Targa Resources, as it suggests that investors are optimistic about the company’s future performance. However, it is important for investors to conduct thorough analysis and research before making any investment decisions. This includes examining the company’s financials, industry trends, and potential risks in order to make an informed investment choice.