Analysts Issue Forecasts for Targa Resources Q2 Earnings

Targa Resources Corp. (NYSE:TRGP - Free Report) - US Capital Advisors lifted their Q2 2025 EPS estimates for Targa Resources in a research note issued to investors on Monday, April 28th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings per share of $2.02 for the quarter, up from their prior forecast of $1.96. US Capital Advisors currently has a "Strong-Buy" rating on the stock. The consensus estimate for Targa Resources' current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources' Q3 2025 earnings at $2.11 EPS, FY2025 earnings at $8.43 EPS, Q4 2026 earnings at $2.51 EPS and FY2027 earnings at $10.26 EPS.

Targa Resources (NYSE:TRGP - Get Free Report) last announced its earnings results on Thursday, May 1st. The pipeline company reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.04 by ($1.13). Targa Resources had a net margin of 7.81% and a return on equity of 28.67%. The firm had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $5.01 billion.

TRGP has been the subject of several other reports. Royal Bank of Canada lifted their target price on Targa Resources from $220.00 to $221.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Barclays cut their target price on shares of Targa Resources from $211.00 to $206.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Citigroup raised their price target on shares of Targa Resources from $218.00 to $227.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Morgan Stanley upped their price objective on Targa Resources from $202.00 to $244.00 and gave the stock an "overweight" rating in a research report on Monday, March 17th. Finally, Truist Financial increased their price objective on Targa Resources from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Thirteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $209.29.

Targa Resources Trading Down 0.4 %

Shares of TRGP stock traded down $0.61 on Wednesday, hitting $161.73. The stock had a trading volume of 3,157,519 shares, compared to its average volume of 1,746,636. The company's 50 day moving average price is $182.45 and its 200-day moving average price is $188.12. Targa Resources has a 1 year low of $110.09 and a 1 year high of $218.51. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61. The firm has a market capitalization of $35.19 billion, a P/E ratio of 28.18, a P/E/G ratio of 0.61 and a beta of 1.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRGP. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Targa Resources during the first quarter worth about $399,000. Bryn Mawr Capital Management LLC purchased a new stake in Targa Resources during the 1st quarter valued at approximately $313,000. Bridgewater Advisors Inc. acquired a new stake in Targa Resources during the 1st quarter worth approximately $461,000. Larson Financial Group LLC grew its stake in shares of Targa Resources by 8.5% in the 1st quarter. Larson Financial Group LLC now owns 1,440 shares of the pipeline company's stock valued at $289,000 after purchasing an additional 113 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Targa Resources by 9.8% in the first quarter. Wealthfront Advisers LLC now owns 19,230 shares of the pipeline company's stock valued at $3,855,000 after purchasing an additional 1,714 shares during the period. 92.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider D. Scott Pryor sold 35,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $197.30, for a total value of $6,905,500.00. Following the completion of the sale, the insider now directly owns 82,139 shares of the company's stock, valued at approximately $16,206,024.70. This represents a 29.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer R. Kneale sold 29,887 shares of Targa Resources stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $192.42, for a total transaction of $5,750,856.54. Following the completion of the transaction, the insider now directly owns 227,269 shares in the company, valued at $43,731,100.98. The trade was a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,914 shares of company stock worth $22,613,288. Corporate insiders own 1.34% of the company's stock.

Targa Resources Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 2.34%. Targa Resources's payout ratio is currently 69.69%.

Targa Resources Company Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.