Targa Resources Surges to 172nd in Market Rankings with $933 Million Turnover

On April 9, 2025, Targa Resources (TRGP) saw a significant surge in trading volume, with a total turnover of $933 million, marking a 58.58% increase from the previous day. This substantial rise in trading volume placed Targa Resources at the 172nd position in the day's stock market rankings. The stock price of Targa Resources also experienced a notable increase, rising by 8.15%.

Barclays has maintained a Buy rating on Targa Resources, with a price target of $206.00. This rating reflects the firm's confidence in the company's future performance and potential for growth. The average rating among analysts polled by FactSet is also a Buy, with a mean price target of $223.37. This consensus indicates a positive outlook for Targa Resources, suggesting that the stock is undervalued and has the potential for significant appreciation.

Targa Resources has demonstrated a strong commitment to dividend payments, maintaining consistent payouts for 15 consecutive years. In the past twelve months, the company achieved an impressive 50% dividend growth, highlighting its financial stability and ability to generate substantial profits. This consistent dividend growth is a testament to the company's robust financial performance and its dedication to rewarding shareholders.

In the last 12 months, Targa Resources generated revenue of $16.47 billion and earned profits of $1.31 billion. The company's earnings per share stood at $5.92, reflecting its strong financial performance and profitability. With a gross profit of $3.48 billion, Targa Resources has shown its ability to maintain a healthy profit margin, further solidifying its position as a leading player in the midstream energy sector.