Targa Resources (TRGP) Stock Price, News & Analysis

Company Overview

Targa Resources Corp. (NYSE:TRGP) is a leading provider of midstream energy infrastructure and services in North America. The company specializes in gathering, processing, transportation, storage and marketing of natural gas, natural gas liquids (NGLs) and refined products. Through an integrated platform, Targa connects producers of hydrocarbons with domestic and international markets, offering solutions that span the energy value chain.

Across key U.S. shale basins—including the Permian, Eagle Ford, Haynesville and Appalachia—Targa operates an extensive network of pipelines and processing plants. The company’s assets include natural gas processing facilities, NGL fractionation and storage terminals, crude oil and condensate handling systems, and marine export docks along the Gulf Coast. By linking onshore production hubs with downstream markets, Targa supports both industrial and consumer demand for energy and petrochemical feedstocks.

Founded in 2005 and headquartered in Houston, Texas, Targa Resources has grown through disciplined capital investments and strategic acquisitions. Early public offerings and significant transactions, such as the acquisitions of Atlas Pipeline Partners and Atlas’ NGL logistics business, expanded its geographic footprint and service capabilities. Continuous reinvestment in infrastructure projects has bolstered throughput capacity and enhanced operational efficiency.

Under the leadership of President and Chief Executive Officer Matthew J. Meloy, Targa Resources maintains a focus on safety, reliability and environmental stewardship. The company’s executive team and board of directors bring extensive experience in energy markets, engineering and project management. Through long-term contracts and strategic partnerships, Targa seeks to deliver value to both customers and shareholders while meeting the evolving demands of the energy sector.

Key Stats

• Today's Range: $169.43 to $172.72
• 50-Day Range: $157.61 to $179.38
• 52-Week Range: $122.56 to $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

Targa Resources Stock Analysis - 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.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

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.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 19.26%

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.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

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

• Score: 3.3 / 5
• Dividend Strength: Strong

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.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -7.39

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 and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.38

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.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

TRGP Stock Analysis - Frequently Asked Questions

How have TRGP shares performed this year?

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.

How were Targa Resources' earnings last quarter?

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.

Who are Targa Resources' major shareholders?

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.

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), 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
• CIK: 1389170
• Web: www.targaresources.com
• Phone: (713) 584-1000
• Fax: 713-584-1100
• 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

• EPS (Trailing Twelve Months): $5.43
• Trailing P/E Ratio: 31.96
• Forward P/E Ratio: 21.29
• P/E Growth: 0.62
• Net Income: $1.28 billion
• Net Margins: 7.35%
• Pretax Margin: 11.44%
• Return on Equity: 30.48%
• Return on Assets: 5.43%

Debt

• Debt-to-Equity Ratio: 6.04
• Current Ratio: 0.65
• Quick Ratio: 0.57

Sales & Book Value

• Annual Sales: $16.38 billion
• Price / Sales: 2.30
• Cash Flow: $12.46 per share
• Price / Cash Flow: 13.93
• Book Value: $20.26 per share
• Price / Book: 8.56

Miscellaneous

• Outstanding Shares: 216,930,000
• Free Float: 214,025,000
• Market Cap: $37.64 billion
• Optionable: Optionable
• Beta: 1.07