Analysts Offer Insights on Energy Companies: Targa Resources (TRGP) and Noble Corporation PLC Class A (NE)

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Targa Resources (TRGP – Research Report) and Noble Corporation PLC Class A (NE – Research Report) with bullish sentiments.

Targa Resources (TRGP)

In a report issued on February 23, Elvira Scotto from RBC Capital reiterated a Buy rating on Targa Resources, with a price target of $109.00. The company’s shares closed last Friday at $97.03, close to its 52-week high of $99.04.

According to TipRanks.com, Scotto is a top 100 analyst with an average return of 17.7% and a 64.4% success rate. Scotto covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Kodiak Gas Services, Inc.

Targa Resources has an analyst consensus of Strong Buy, with a price target consensus of $108.86, implying an 11.4% upside from current levels. In a report issued on February 8, Seaport Global also maintained a Buy rating on the stock with a $95.00 price target.

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Noble Corporation PLC Class A (NE)

In a report released today, Kurt Hallead from Benchmark Co. maintained a Buy rating on Noble Corporation PLC Class A, with a price target of $65.00. The company’s shares closed last Friday at $43.32.

According to TipRanks.com, Hallead is a 3-star analyst with an average return of 1.9% and a 37.6% success rate. Hallead covers the NA sector, focusing on stocks such as Weatherford International, Oceaneering International, and Baker Hughes Company.

Currently, the analyst consensus on Noble Corporation PLC Class A is a Strong Buy with an average price target of $59.40, representing a 39.4% upside. In a report issued on February 14, Barclays also maintained a Buy rating on the stock with a $61.00 price target.

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Read More on TRGP:

• Targa Resources Corp. to Participate in THRIVE Energy Conference by Daniel Energy Partners
• Targa Resources Corp. Announces Form 10-K Available
• Targa Resources Emphasizes Multi-Channel Disclosure Practices
• Targa Resources reports Q4 revenue $4.24M, consensus $3.85B
• Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2023 Financial Results and Provides Outlook for 2024 and Positioning in 2025