FY2026 EPS Forecast for Targa Resources Increased by Analyst

Key Points

• Erste Group Bank raised Targa Resources’ FY2026 EPS forecast to $11.19 from $10.94, close to the $11.23 analyst consensus, while maintaining a “Buy” rating.
• Targa Resources reported quarterly EPS of $3.54, beating expectations of $2.83, although revenue of $4.44 billion fell short of the $4.90 billion consensus estimate.
• Analysts maintain a consensus “Buy” rating with an average price target of $298.71; the company also pays a quarterly dividend of $1.25, or $5.00 annualized, yielding about 1.7%.

Targa Resources, Inc. (NYSE:TRGP - Free Report) - Research analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for Targa Resources in a report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the pipeline company will post earnings per share of $11.19 for the year, up from their previous estimate of $10.94. Erste Group Bank has a "Buy" rating on the stock. The consensus estimate for Targa Resources' current full-year earnings is $11.23 per share.

Other analysts have also issued reports about the stock. Seaport Research Partners restated a "neutral" rating on shares of Targa Resources in a research note on Monday, May 4th. Wells Fargo & Company increased their price target on shares of Targa Resources from $270.00 to $282.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Mizuho upped their price objective on Targa Resources from $260.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday, May 27th. US Capital Advisors downgraded Targa Resources from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, May 29th. Finally, Barclays boosted their price target on Targa Resources from $282.00 to $284.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $298.71.

Targa Resources Price Performance

Shares of NYSE:TRGP opened at $288.38 on Monday. The business has a fifty day moving average price of $275.05 and a 200-day moving average price of $257.39. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.77 and a quick ratio of 0.68. The company has a market capitalization of $61.84 billion, a PE ratio of 27.57, a PEG ratio of 1.37 and a beta of 0.72. Targa Resources has a 1-year low of $144.14 and a 1-year high of $307.94.

Targa Resources (NYSE:TRGP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.83 by $0.71. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. The company had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.90 billion.

Targa Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $1.25 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.00 annualized dividend and a yield of 1.7%. Targa Resources's dividend payout ratio (DPR) is currently 47.80%.

Insider Buying and Selling

In other news, Director Charles R. Crisp sold 3,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction of $870,690.00. Following the transaction, the director directly owned 62,292 shares of the company's stock, valued at $18,079,007.16. This represents a 4.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Waters S. Iv Davis sold 2,400 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $299.67, for a total value of $719,208.00. Following the completion of the transaction, the director owned 1,529 shares in the company, valued at approximately $458,195.43. This trade represents a 61.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Hardy Reed LLC grew its position in Targa Resources by 1.0% during the first quarter. Hardy Reed LLC now owns 4,321 shares of the pipeline company's stock valued at $1,083,000 after acquiring an additional 41 shares during the period. Versant Capital Management Inc lifted its stake in shares of Targa Resources by 4.1% in the 2nd quarter. Versant Capital Management Inc now owns 1,146 shares of the pipeline company's stock valued at $307,000 after purchasing an additional 45 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in shares of Targa Resources by 2.3% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,003 shares of the pipeline company's stock valued at $537,000 after purchasing an additional 45 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Targa Resources by 10.5% during the 4th quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company's stock worth $97,000 after purchasing an additional 50 shares during the period. Finally, River Wealth Advisors LLC increased its position in Targa Resources by 0.3% during the 2nd quarter. River Wealth Advisors LLC now owns 19,457 shares of the pipeline company's stock worth $5,217,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 92.13% of the company's stock.

About Targa Resources

Targa Resources Corporation NYSE: TRGP is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.

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