Q2 EPS Forecast for Targa Resources Lowered by Analyst

Targa Resources Corp. (NYSE:TRGP - Free Report) - Investment analysts at US Capital Advisors reduced their Q2 2025 earnings per share (EPS) estimates for shares of Targa Resources in a report released on Tuesday, May 20th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $2.00 per share for the quarter, down from their previous forecast of $2.02. US Capital Advisors 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 $2.08 EPS, FY2025 earnings at $7.20 EPS, Q4 2026 earnings at $2.47 EPS and FY2026 earnings at $9.06 EPS.

A number of other equities research analysts have also recently commented on the company. Mizuho set a $212.00 target price on Targa Resources and gave the company an "outperform" rating in a report on Tuesday. Barclays lowered their target price on Targa Resources from $206.00 to $178.00 and set an "overweight" rating on the stock in a report on Tuesday. Citigroup lowered their target price on Targa Resources from $227.00 to $197.00 and set a "buy" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group lowered their target price on Targa Resources from $218.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Wells Fargo & Company raised their price objective on Targa Resources from $204.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Thirteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Targa Resources presently has a consensus rating of "Buy" and an average target price of $198.79.

Targa Resources Price Performance

Shares of TRGP traded up $1.36 on Thursday, reaching $160.45. The stock had a trading volume of 1,475,529 shares, compared to its average volume of 1,801,970. The firm has a 50-day moving average of $174.40 and a 200 day moving average of $187.77. The firm has a market capitalization of $34.81 billion, a PE ratio of 27.95, a PEG ratio of 0.61 and a beta of 1.22. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 3.05. Targa Resources has a twelve month low of $114.36 and a twelve month high of $218.51.

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

Institutional Trading of Targa Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Targa Resources by 1.6% during the first quarter. Vanguard Group Inc. now owns 27,584,275 shares of the pipeline company's stock worth $5,529,820,000 after acquiring an additional 423,667 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Targa Resources by 7.5% during the first quarter. Wellington Management Group LLP now owns 13,790,955 shares of the pipeline company's stock worth $2,764,673,000 after acquiring an additional 962,631 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Targa Resources by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 5,930,473 shares of the pipeline company's stock worth $1,056,187,000 after acquiring an additional 212,986 shares during the last quarter. Invesco Ltd. increased its position in shares of Targa Resources by 3.2% during the first quarter. Invesco Ltd. now owns 4,565,960 shares of the pipeline company's stock worth $915,338,000 after acquiring an additional 139,780 shares during the last quarter. Finally, GQG Partners LLC increased its position in shares of Targa Resources by 64.0% during the first quarter. GQG Partners LLC now owns 3,614,307 shares of the pipeline company's stock worth $724,560,000 after acquiring an additional 1,410,747 shares during the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Targa Resources news, Director Waters S. Iv Davis sold 2,190 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $196.26, for a total value of $429,809.40. Following the transaction, the director now directly owns 2,899 shares of the company's stock, valued at $568,957.74. This trade represents a 43.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer R. Kneale sold 29,887 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $192.42, for a total value 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. This trade represents a 11.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,914 shares of company stock valued at $22,613,288. 1.34% of the stock is currently owned by company insiders.

Targa Resources Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $1.00 dividend. This represents a dividend yield of 2.34%. The ex-dividend date was Wednesday, April 30th. Targa Resources's dividend payout ratio (DPR) is currently 73.66%.

About Targa Resources

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.