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Targa Resources (TRGP) Stock Price, News & Analysis

Targa Resources logo
$172.65 -0.87 (-0.50%)
As of 03:58 PM Eastern

About Targa Resources Stock (NYSE:TRGP)

Key Stats

Today's Range
$169.43
$172.72
50-Day Range
$157.61
$179.38
52-Week Range
$122.56
$218.51
Volume
1.37 million shs
Average Volume
1.84 million shs
Market Capitalization
$37.45 billion
P/E Ratio
31.80
Dividend Yield
2.32%
Price Target
$208.31
Consensus Rating
Buy

Company Overview

Targa Resources Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
100th Percentile Overall Score

TRGP MarketRank™: 

Targa Resources scored higher than 100% of companies evaluated by MarketBeat, and ranked 2nd out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Targa Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Targa Resources has been the subject of 9 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 Growth

    Earnings for Targa Resources are expected to grow by 19.26% in the coming year, from $8.15 to $9.72 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Targa Resources is 31.48, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Targa Resources is 31.48, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 61.69.

  • Price to Earnings Growth Ratio

    Targa Resources has a PEG Ratio of 0.62. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Targa Resources has a P/B Ratio of 8.44. 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.
  • Percentage of Shares Shorted

    2.13% 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 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Targa Resources has recently decreased by 6.20%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Targa Resources pays a meaningful dividend of 2.31%, 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 73.66%. 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 41.15% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.

  • Read more about Targa Resources' dividend.
  • Percentage of Shares Shorted

    2.13% 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 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Targa Resources has recently decreased by 6.20%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Targa Resources has a news sentiment score of 1.38. 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 0.68 average news sentiment score of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 21 news articles for Targa Resources this week, compared to 17 articles on an average week.
  • Search Interest

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

    10 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Targa Resources insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.34% 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.

  • Read more about Targa Resources' insider trading history.
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TRGP Stock News Headlines

TRGP - Targa Resources Corp Trailing Returns - Morningstar
A grave, grave error.
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
TRGP Targa Resources Corp. - Seeking Alpha
See More Headlines

TRGP Stock Analysis - Frequently Asked Questions

Targa Resources' stock was trading at $178.50 at the start of the year. Since then, TRGP stock has decreased by 4.2% and is now trading at $171.0570.

Targa Resources, Inc. (NYSE:TRGP) announced its 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 pipeline company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $5.01 billion. Targa Resources had a net margin of 7.35% and a trailing twelve-month return on equity of 30.48%.
Read the conference call transcript
.

Targa Resources' top institutional shareholders include Peak Financial Advisors LLC. Insiders that own company stock include Matthew J Meloy, Paul W Chung, Jennifer R Kneale, Robert Muraro, G Clark White, Joe Bob Perkins, Charles R Crisp, D Scott Pryor, Regina Gregory, Julie H Boushka, Gerald R Shrader, Ershel C Redd Jr and Waters S Iv Davis.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Targa Resources investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

Record date for 5/12 Dividend
4/28/2025
Ex-Dividend for 5/15 Dividend
4/30/2025
Last Earnings
5/01/2025
Record date for 5/15 Dividend
5/01/2025
Dividend Payable
5/12/2025
Dividend Payable
5/15/2025
Today
7/07/2025
Next Earnings (Estimated)
7/30/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Energy
Industry
Oil Refining & Marketing MLP
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NYSE:TRGP
Employees
3,370
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$209.67
High Stock Price Target
$244.00
Low Stock Price Target
$178.00
Potential Upside/Downside
+20.8%
Consensus Rating
Buy
Rating Score (0-4)
3.14
Research Coverage
14 Analysts

Profitability

Trailing P/E Ratio
31.96
Forward P/E Ratio
21.29
P/E Growth
0.62
Net Income
$1.28 billion
Pretax Margin
11.44%

Debt

Sales & Book Value

Annual Sales
$16.38 billion
Cash Flow
$12.46 per share
Price / Cash Flow
13.93
Book Value
$20.26 per share
Price / Book
8.56

Miscellaneous

Free Float
214,025,000
Market Cap
$37.64 billion
Optionable
Optionable
Beta
1.07

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This page (NYSE:TRGP) was last updated on 7/7/2025 by MarketBeat.com Staff
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