Targa Resources (TRGP) Stock Price, News & Analysis

Company Overview

Targa Resources Corp. (NYSE: TRGP) is a midstream energy infrastructure company that gathers, processes, transports and fractionates natural gas and natural gas liquids (NGLs). Its operations connect producers with downstream markets and include natural gas gathering and processing, NGL fractionation, storage, transportation and marketing, as well as crude oil gathering and logistics.

The company operates an integrated network of pipelines, processing plants, fractionation facilities, storage assets and export infrastructure across the United States. Its assets are concentrated in key producing regions, including the Permian Basin, the Delaware Basin, the Eagle Ford Shale and other major oil and gas areas, with connections to the U.S. Gulf Coast and international markets.

Founded in 2005 and headquartered in Houston, Texas, Targa Resources became a publicly traded company in 2010. The company is led by Chief Executive Officer Matthew J. Meloy, who has held the position since 2020, and serves energy producers, industrial customers, utilities and other participants in domestic and global energy markets.

Key Stats

• Today's Range: $285.37 to $289.37
• 50-Day Range: $257.25 to $301.99
• 52-Week Range: $144.14 to $307.94
• Volume: 320,398 shs
• Average Volume: 1.31 million shs
• Market Capitalization: $61.30 billion
• P/E Ratio: 27.36
• Dividend Yield: 1.75%
• Price Target: $309.94
• Consensus Rating: Buy

Targa Resources Stock Analysis - MarketRank™

Targa Resources scored higher than 88% of companies evaluated by MarketBeat, and ranked 35th out of 250 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: 3.2 / 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 1 strong buy rating, 17 buy ratings, 1 hold rating, and no sell ratings.

Upside/Downside

The consensus price target for Targa Resources is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Targa Resources has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 8.83%

Earnings Growth

Earnings for Targa Resources are expected to grow by 8.83% in the coming year, from $11.32 to $12.32 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Targa Resources is 27.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.96.

Price to Earnings Ratio vs. Sector

The P/E ratio of Targa Resources is 27.32, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 21.69.

Price to Earnings Growth Ratio

Targa Resources has a PEG Ratio of 1.37. 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 19.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.54% 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 3.61, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Targa Resources has recently increased by 8.17%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Targa Resources pays a meaningful dividend of 1.72%, 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 40.58% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.19

News Sentiment

Targa Resources has a news sentiment score of 1.19. 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 0.81 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Targa Resources this week, compared to 8 articles on an average week.

Search Interest

Only 14 people have searched for TRGP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

13 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 160% 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: 9/15/2026
• 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: $309.94
• High Price Target: $345.00
• Low Price Target: $241.00
• Potential Upside/Downside: +8.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 19 Analysts

Profitability

• EPS (Trailing Twelve Months): $10.46
• Trailing P/E Ratio: 27.42
• Forward P/E Ratio: 25.33
• P/E Growth: 1.37
• 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: $16.74 billion
• Price / Sales: 3.67
• Cash Flow: $15.57 per share
• Price / Cash Flow: 18.41
• Book Value: $14.90 per share
• Price / Book: 19.24

Miscellaneous

• Outstanding Shares: 214,431,000
• Free Float: 211,493,000
• Market Cap: $61.48 billion
• Optionable: Optionable
• Beta: 0.72