TRGP - Targa Resources: Improving Ebitda And Possible Upside Potential
2024-05-03 12:16:27 ET
Summary
- Targa Resources Corp. has been a top performer in the Oil and Gas Storage and Transportation industry, with a 1-Year Total Return of 55%.
- The company`s multiples are historically higher compared to peers which may be for a good reason.
- A one-off recognition of cumulative interest on a 2024 legal ruling affected the net income, but adjusted EBITDA is at its record levels.
- Targa Resources Corp. sticking with its expansion plan and having stock price appreciation opportunities confirmed by an alternative valuation technique.
It's been a while since my latest article. One of the reasons is a sweeping appreciation of share prices, which makes me cautious about giving any recommendation for entering. Nevertheless, I would like to continue the review, and Targa Resources Corp. (TRGP) is the company that caught my eye. For the past year, it was one of the best performers in the Oil and Gas Storage and Transportation industry, with a 1-year Total Return of nearly 55%....
Targa Resources: Improving Ebitda And Possible Upside Potential