Targa Resources (TRGP) Stock Price, News & Analysis

Company Overview

Targa Resources Corp. (NYSE: TRGP) is a Houston-based midstream energy company that owns, operates and develops infrastructure for gathering, processing, transporting, storing and exporting natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products. Its operations connect producers with domestic and international markets across key U.S. energy-producing regions.

The company’s assets include natural gas gathering and processing systems, NGL pipelines, fractionation facilities, storage assets and export terminals. Targa separates NGLs such as ethane, propane, normal butane and natural gasoline from natural gas and prepares these products for transportation, domestic consumption and export. Its logistics and marketing activities also support the movement of crude oil, refined products and other hydrocarbon commodities.

Targa serves major producing areas including the Permian Basin in Texas and New Mexico, the Bakken Basin in North Dakota and the Rocky Mountain region, as well as other U.S. markets. The company’s Gulf Coast infrastructure provides access to petrochemical customers and international buyers. Founded in 2003, Targa has expanded through organic development and acquisitions and is led by President and Chief Executive Officer Matthew J. Meloy.

Key Stats

• Today's Range: $283.93 to $288.39
• 50-Day Range: $257.25 to $301.99
• 52-Week Range: $144.14 to $307.94
• Volume: 1.20 million shs
• Average Volume: 1.18 million shs
• Market Capitalization: $61.32 billion
• P/E Ratio: 27.34
• Dividend Yield: 1.75%
• Price Target: $317.24
• Consensus Rating: Buy

Targa Resources Stock Analysis - MarketRank™

Targa Resources scored higher than 75% of companies evaluated by MarketBeat, and ranked 48th out of 249 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: 3.4 / 5
• Analyst Rating: Buy

Consensus Rating

Targa Resources has received a consensus rating of Buy. The company's average rating score is 3.05, and is based on 1 strong buy rating, 18 buy ratings, no hold ratings, and no sell ratings.

Upside Potential

Targa Resources has a consensus price target of $317.24, representing about 10.9% upside from its current price of $285.95.

Amount of Analyst Coverage

Targa Resources has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 9.10%

Earnings Growth

Earnings for Targa Resources are expected to grow by 9.10% in the coming year, from $11.32 to $12.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Targa Resources is 27.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.74.

Price to Earnings Ratio vs. Sector

The P/E ratio of Targa Resources is 27.34, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 20.37.

Price to Earnings Growth Ratio

Targa Resources has a PEG Ratio of 1.33. 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 19.19. 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

2.67% 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 6.36.

Change versus previous month

Short interest in Targa Resources has recently increased by 5.29%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Targa Resources pays a meaningful dividend of 1.77%, 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 40.49% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: N/A

Search Interest

17 people have searched for TRGP on MarketBeat in the last 30 days. This is an increase of 31% compared to the previous 30 days.

MarketBeat Follows

15 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 400% 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
• Last Earnings: 8/06/2026
• Dividend Payable: 8/14/2026
• Today: 10/06/2026
• Next Earnings (Estimated): 11/04/2026
• 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: $317.24
• High Price Target: $359.00
• Low Price Target: $241.00
• Potential Upside/Downside: +10.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.05
• Research Coverage: 19 Analysts

Profitability

• EPS (Trailing Twelve Months): $10.46
• Trailing P/E Ratio: 27.34
• Forward P/E Ratio: 25.26
• P/E Growth: 1.35
• 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: $17.03 billion
• Price / Sales: 3.60
• Cash Flow: $15.69 per share
• Price / Cash Flow: 18.23
• Book Value: $14.90 per share
• Price / Book: 19.19

Miscellaneous

• Outstanding Shares: 214,430,000
• Free Float: 211,493,000
• Market Cap: $61.32 billion
• Optionable: Optionable
• Beta: 0.80