Most-Upgraded StocksMost-UpgradedNYSE:TRGP Targa Resources (TRGP) Stock Price, News & Analysis $292.93 +2.39 (+0.82%) Closing price 10/13/2026 03:59 PM EasternExtended Trading$290.27 -2.66 (-0.91%) As of 10/13/2026 07:30 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsInsider TradesNews and TrendsOptions ChainOwnershipSEC FilingsShort Interest About Targa Resources Stock (NYSE:TRGP) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get Targa Resources alerts:Sign Up Key Stats Today's Range$290.75▼$293.3150-Day Range$257.25▼$301.9952-Week Range$144.14▼$307.94Volume654,750 shsAverage Volume1.22 million shsMarket Capitalization$62.81 billionP/E Ratio27.78Dividend Yield1.71%Price Target$318.45Consensus RatingBuy Company Overview Targa Resources Corp. (NYSE: TRGP) is a Houston-based midstream energy company that owns, operates and develops infrastructure for gathering, processing, transporting, storing and exporting natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products. Its operations connect producers with domestic and international markets across key U.S. energy-producing regions. The company’s assets include natural gas gathering and processing systems, NGL pipelines, fractionation facilities, storage assets and export terminals. Targa separates NGLs such as ethane, propane, normal butane and natural gasoline from natural gas and prepares these products for transportation, domestic consumption and export. Its logistics and marketing activities also support the movement of crude oil, refined products and other hydrocarbon commodities. Targa serves major producing areas including the Permian Basin in Texas and New Mexico, the Bakken Basin in North Dakota and the Rocky Mountain region, as well as other U.S. markets. The company’s Gulf Coast infrastructure provides access to petrochemical customers and international buyers. Founded in 2003, Targa has expanded through organic development and acquisitions and is led by President and Chief Executive Officer Matthew J. Meloy.AI Generated. May Contain Errors. Read More Targa Resources Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks88th Percentile Overall ScoreTRGP MarketRank™: 4.392640464255 of 5 starsTarga Resources scored higher than 88% of companies evaluated by MarketBeat, and ranked 28th out of 248 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.2 / 5Analyst RatingBuy Consensus RatingTarga Resources has received a consensus rating of Buy. The company's average rating score is 3.05, and is based on 1 strong buy rating, 21 buy ratings, no hold ratings, and no sell ratings.Upside/DownsideThe consensus price target for Targa Resources is close to its current price, suggesting limited near-term upside or downside.Amount of Analyst CoverageTarga Resources has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Targa Resources' stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth9.12% Earnings GrowthEarnings for Targa Resources are expected to grow by 9.12% in the coming year, from $11.30 to $12.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Targa Resources is 27.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Targa Resources is 27.78, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 20.17.Price to Earnings Growth RatioTarga Resources has a PEG Ratio of 1.37. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTarga Resources has a P/B Ratio of 19.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Targa Resources' valuation and earnings. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.51% of the float of Targa Resources has been sold short.Short Interest Ratio / Days to CoverTarga Resources has a short interest ratio ("days to cover") of 4.01.Change versus previous monthShort interest in Targa Resources has recently decreased by 6.13%, indicating that investor sentiment is improving significantly. Dividend3.3 / 5Dividend StrengthStrong Dividend YieldTarga Resources pays a meaningful dividend of 1.72%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTarga Resources has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Targa Resources is 47.80%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Targa Resources will have a dividend payout ratio of 40.55% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.Read more about Targa Resources' dividend. News and Social Media2.9 / 5News Sentiment0.69 News SentimentTarga Resources has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Targa Resources this week, compared to 6 articles on an average week.Search InterestOnly 15 people have searched for TRGP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows13 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 160% compared to the previous 30 days. Company Ownership1.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Targa Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,127,634.00 in company stock.Percentage Held by Insiders1.37% of the stock of Targa Resources is held by insiders.Percentage Held by Institutions92.13% of the stock of Targa Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Targa Resources' insider trading history. Receive TRGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter. 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TRGP Stock News HeadlinesTarga Resources (NYSE:TRGP) Stock Price Expected to Rise, Citigroup Analyst Says1 hour ago | americanbankingnews.comTarga Resources Corp. Declares $1.25 Quarterly Cash Dividend and Sets Third Quarter 2026 Earnings WebcastOctober 13 at 6:10 PM | quiverquant.comQWall Street legend reveals his top AI stock before Oct. 20Marc Chaikin, the 60-year Wall Street veteran behind the Power Gauge rating system, has flagged a new AI stock ahead of October 20. His system has spotted at least seven of the top 10 performers every year since 2016, including all ten in the 2022 bear market and every member of the Magnificent Seven before their run higher. Now Chaikin's Power Gauge is turning bullish on an under-the-radar company tied to next-generation AI data centers built under Executive Order 14363, technology he says uses 99 percent less electricity and space while offering far greater computing power. | Chaikin Analytics (Ad)Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Third Quarter 2026 Earnings WebcastOctober 13 at 6:00 PM | globenewswire.comTarga Resources, Inc. (NYSE:TRGP) Stock Has Average Price Target of $317.85October 13 at 2:46 AM | americanbankingnews.comRBC Capital Sticks to Its Buy Rating for Targa Resources (TRGP)October 9, 2026 | theglobeandmail.comBarclays Adjusts Price Target on Targa Resources to $294 From $284October 9, 2026 | finance.yahoo.comAnalyst Rating Boosts May Signal More Upside for These 3 Stocks (TRGP)StubHub, Targa Resources, and Equinor recently received analyst upgrades tied to improving fundamentals, EBITDA growth, long-term contracts, and strategic positioning in energy and ticketing markets.September 28, 2026 | marketbeat.comSee More Headlines TRGP Stock Analysis - Frequently Asked Questions How have TRGP shares performed this year? Targa Resources' stock was trading at $184.63 at the beginning of the year. Since then, TRGP stock has increased by 58.7% and is now trading at $292.9290. How were Targa Resources' earnings last quarter? Targa Resources, Inc. (NYSE:TRGP) posted its quarterly earnings data on Thursday, August, 6th. The pipeline company reported $3.54 earnings per share for the quarter, topping analysts' consensus estimates of $2.83 by $0.71. The pipeline company earned $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a trailing twelve-month return on equity of 69.26% and a net margin of 13.55%. Read the conference call transcript. When did Targa Resources IPO? Targa Resources (TRGP) raised $275 million in an initial public offering (IPO) on Tuesday, December 7th 2010. The company issued 13,750,000 shares at $19.00-$21.00 per share. Who are Targa Resources' major shareholders? Top institutional shareholders of Targa Resources include Chickasaw Capital Management LLC (0.75%), Artemis Investment Management LLP (0.21%), NorthCrest Asset Manangement LLC (0.01%) and SL Advisors LLC (0.01%). Insiders that own company stock include Matthew J Meloy, Patrick J Mcdonie, Jennifer R Kneale, Robert Muraro, Joe Bob Perkins, Charles R Crisp, Paul W Chung, Julie H Boushka, D Scott Pryor, Gerald R Shrader, Ershel C Redd Jr, Lindsey Cooksen and Waters S Iv Davis. View institutional ownership trends. How do I buy shares of Targa Resources? Shares of TRGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Targa Resources own? Based on aggregate information from My MarketBeat watchlists, some other companies that Targa Resources investors own include NVIDIA (NVDA), Energy Transfer (ET), Enterprise Products Partners (EPD), ExxonMobil (XOM), Tesla (TSLA), Advanced Micro Devices (AMD) and Broadcom (AVGO). Company Calendar Record date for 8/14 Dividend7/31/2026Ex-Dividend for 8/14 Dividend7/31/2026Last Earnings8/06/2026Dividend Payable8/14/2026Today10/13/2026Next Earnings (Estimated)11/04/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Green Zone (10m+) 1-Year History Oct 25 Jan 26 Apr 26 Jul 26 Oct 26 TRGP's financial health is in the Green zone, according to TradeSmith. TRGP has been in this zone for over 10 months. Industry, Sector and Symbol Stock ExchangeNYSE SectorEnergy Industry Oil, Gas & Consumable Fuels Sub-IndustryOil & Gas Storage & Transportation Current SymbolNYSE:TRGP CIK1389170 Webwww.targaresources.com Phone(713) 584-1000Fax713-584-1100Employees3,570Year Founded2006Price Target and Rating Average Price Target for Targa Resources$318.45 High Price Target$359.00 Low Price Target$201.00 Potential Upside/Downside+8.7%Consensus RatingBuy Rating Score (0-4)3.05 Research Coverage22 Analysts Profitability EPS (Trailing Twelve Months)$10.46 Trailing P/E Ratio27.78 Forward P/E Ratio25.92 P/E Growth1.37Net Income$1.84 billion Net Margins13.55% Pretax Margin17.50% Return on Equity69.26% Return on Assets8.64% Debt Debt-to-Equity Ratio5.01 Current Ratio0.77 Quick Ratio0.68 Sales & Book Value Annual Sales$17.03 billion Price / Sales3.69 Cash Flow$15.90 per share Price / Cash Flow18.42 Book Value$14.90 per share Price / Book19.66Miscellaneous Outstanding Shares214,430,000Free Float211,493,000Market Cap$62.81 billion OptionableOptionable Beta0.80 Social Links 10 Best Stocks to Own in Fall 2026AI spending is reshaping the market, and the opportunity extends far beyond the biggest chipmakers. 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