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Analysts Offer Insights on Energy Companies: Targa Resources (TRGP) and Kinder Morgan (KMI)

Tipranks - Tipranks - Wed Mar 4, 7:34AM CST

Analysts have been eager to weigh in on the Energy sector with new ratings on Targa Resources (TRGP – Research Report) and Kinder Morgan (KMI – Research Report).

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Targa Resources (TRGP)

Morgan Stanley analyst Robert Kad maintained a Buy rating on Targa Resources today and set a price target of $298.00. The company’s shares closed last Monday at $239.61.

According to TipRanks.com, Kad is a 4-star analyst with an average return of 10.0% and a 63.5% success rate. Kad covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Hess Midstream Partners. ;'>

Currently, the analyst consensus on Targa Resources is a Strong Buy with an average price target of $248.73, which is a 2.8% upside from current levels. In a report issued on February 20, TipRanks – DeepSeek also upgraded the stock to Buy with a $257.00 price target.

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Kinder Morgan (KMI)

In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Kinder Morgan, with a price target of $36.00. The company’s shares closed last Monday at $33.89.

According to TipRanks.com, McDermott is a 5-star analyst with an average return of 12.1% and a 61.1% success rate. McDermott covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Venture Global, Inc. Class A, and Cheniere Energy Partners. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kinder Morgan with a $33.25 average price target, representing a -1.5% downside. In a report issued on February 26, RBC Capital also maintained a Hold rating on the stock with a $32.00 price target.

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