Targa Resources (TRGP) Stock Price, News & Analysis

Company Overview

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products. Targa also operates export facilities that provide access to global markets for liquefied petroleum gas and other NGL products, including propane and butane.

Targa’s asset network is concentrated in major U.S. producing regions, including the Permian Basin in West Texas and New Mexico, the Eagle Ford and Barnett shale areas in Texas, the Anadarko Basin in Oklahoma, the Bakken Shale in North Dakota, and the Gulf Coast. The company was formed in 2005 and became a publicly traded company in 2010. Targa Resources is led by President and Chief Executive Officer Matthew J. Meloy.

Key Stats

• Today's Range: $269.74 to $274.61
• 50-Day Range: $270.58 to $314.97
• 52-Week Range: $166.18 to $316.60
• Volume: 427,687 shs
• Average Volume: 1.30 million shs
• Market Capitalization: $57.98 billion
• P/E Ratio: 25.82
• Dividend Yield: 1.85%
• Price Target: $325.68
• Consensus Rating: Buy

Targa Resources Stock Analysis - MarketRank™

Targa Resources scored higher than 94% of companies evaluated by MarketBeat, and ranked 60th out of 244 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Buy

Consensus Rating

Targa Resources has received a consensus rating of Buy. The company's average rating score is 3.09, and is based on 2 strong buy ratings, 20 buy ratings, no hold ratings, and no sell ratings.

Upside Potential

Targa Resources has a consensus price target of $325.68, representing about 19.9% upside from its current price of $271.70.

Amount of Analyst Coverage

Targa Resources has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 9.58%

Earnings Growth

Earnings for Targa Resources are expected to grow by 9.58% in the coming year, from $11.48 to $12.58 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Targa Resources is 25.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.10.

Price to Earnings Ratio vs. Sector

The P/E ratio of Targa Resources is 25.98, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 21.43.

Price to Earnings Growth Ratio

Targa Resources has a PEG Ratio of 1.17. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Targa Resources has a P/B Ratio of 18.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.64% of the float of Targa Resources has been sold short.

Short Interest Ratio / Days to Cover

Targa Resources has a short interest ratio ("days to cover") of 5.26.

Change versus previous month

Short interest in Targa Resources has recently increased by 5.43%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Targa Resources pays a meaningful dividend of 1.67%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Targa Resources has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Targa Resources is 47.80%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Targa Resources will have a dividend payout ratio of 39.75% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.

News and Social Media

• Score: 4.2 / 5
• News Sentiment: 0.79

News Sentiment

Targa Resources has a news sentiment score of 0.79. 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 is a higher news sentiment than the 0.60 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Targa Resources this week, compared to 6 articles on an average week.

Search Interest

20 people have searched for TRGP on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.

MarketBeat Follows

12 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 71% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 Insiders

1.37% of the stock of Targa Resources is held by insiders.

Percentage Held by Institutions

92.13% of the stock of Targa Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Record date for 8/14 Dividend: 7/31/2026
• Ex-Dividend for 8/14 Dividend: 7/31/2026
• Dividend Payable: 8/14/2026
• Record date for 11/17 Dividend: 10/30/2026
• Ex-Dividend for 11/17 Dividend: 10/30/2026
• Last Earnings: 11/05/2026
• Today: 11/06/2026
• Dividend Payable: 11/17/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NYSE:TRGP
• CIK: 1389170
• Web: www.targaresources.com
• Phone: (713) 584-1000
• Fax: 713-584-1100
• Employees: 3,570
• Year Founded: 2006

Price Target and Rating

• Average Price Target for Targa Resources: $325.68
• High Price Target: $359.00
• Low Price Target: $265.00
• Potential Upside/Downside: +20.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.09
• Research Coverage: 22 Analysts

Profitability

• EPS (Trailing Twelve Months): $10.46
• Trailing P/E Ratio: 25.89
• Forward P/E Ratio: 21.55
• P/E Growth: 1.17
• Net Income: $1.84 billion
• Net Margins: 13.55%
• Pretax Margin: 17.50%
• Return on Equity: 69.26%
• Return on Assets: 8.64%

Debt

• Debt-to-Equity Ratio: 5.01
• Current Ratio: 0.77
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: $18.19 billion
• Price / Sales: 3.20
• Cash Flow: $15.00 per share
• Price / Cash Flow: 18.07
• Book Value: $14.90 per share
• Price / Book: 18.19

Miscellaneous

• Outstanding Shares: 214,431,000
• Free Float: 211,493,000
• Market Cap: $58.13 billion
• Optionable: Optionable
• Beta: 0.76