Targa Resources (TRGP) Stock Price, News & Analysis

Company Overview

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S. hydrocarbon-producing regions and along the Gulf Coast. Its infrastructure supports feedstocks for petrochemical and refining customers as well as the logistics required to supply domestic demand and to connect into export and interstate markets. Targa’s integrated asset base is designed to provide optionality between gathering, processing and downstream logistics to capture value from both commodity and fee-based activities.

Targa serves a broad range of counterparties, including upstream oil and gas producers, petrochemical companies, refiners and commodity traders. The company emphasizes operational reliability and safety in the handling of hydrocarbons and employs commercial and marketing capabilities to optimize product flows and maximize netbacks from its locations. Headquartered in Houston, Texas, Targa is publicly listed on the New York Stock Exchange under the ticker TRGP and has grown its footprint through a mix of organic development and strategic acquisitions to align its asset platform with evolving North American energy markets.

Key Stats

• Today's Range: $268.76 to $280.00
• 50-Day Range: $231.32 to $276.51
• 52-Week Range: $144.14 to $280.00
• Volume: 929,101 shs
• Average Volume: 1.40 million shs
• Market Capitalization: $58.05 billion
• P/E Ratio: 27.35
• Dividend Yield: 1.85%
• Price Target: $266.36
• Consensus Rating: Moderate Buy

Targa Resources Stock Analysis - MarketRank™

Targa Resources scored higher than 72% of companies evaluated by MarketBeat, and ranked 84th 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: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Targa Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on no strong buy ratings, 14 buy ratings, 3 hold ratings, 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 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 12.38%

Earnings Growth

Earnings for Targa Resources are expected to grow by 12.38% in the coming year, from $10.66 to $11.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Targa Resources is 27.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Targa Resources is 27.35, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 21.42.

Price to Earnings Growth Ratio

Targa Resources has a PEG Ratio of 1.72. 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 17.76. 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

2.55% 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 4.38.

Change versus previous month

Short interest in Targa Resources has recently increased by 16.28%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Targa Resources pays a meaningful dividend of 1.82%, 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 50.56%. 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 41.74% next year. This indicates that Targa Resources will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 0.80

News Sentiment

Targa Resources has a news sentiment score of 0.80. 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 0.62 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Targa Resources this week, compared to 7 articles on an average week.

Search Interest

Only 15 people have searched for TRGP on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

12 people have added Targa Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 33% 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 $27,405,821.00 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 5/15 Dividend: 4/30/2026
• Ex-Dividend for 5/15 Dividend: 4/30/2026
• Last Earnings: 5/07/2026
• Dividend Payable: 5/15/2026
• Today: 5/20/2026
• Next Earnings (Estimated): 8/06/2026
• Fiscal Year End: 12/31/2026

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: 3,570
• Year Founded: 2006

Price Target and Rating

• Average Price Target for Targa Resources: $266.36
• High Price Target: $331.00
• Low Price Target: $215.00
• Potential Upside/Downside: -1.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 17 Analysts

Profitability

• EPS (Trailing Twelve Months): $9.89
• Trailing P/E Ratio: 27.35
• Forward P/E Ratio: 25.37
• P/E Growth: 1.72
• Net Income: $1.84 billion
• Net Margins: 12.87%
• Pretax Margin: 16.58%
• Return on Equity: 71.00%
• Return on Assets: 8.53%

Debt

• Debt-to-Equity Ratio: 5.64
• Current Ratio: 0.72
• Quick Ratio: 0.62

Sales & Book Value

• Annual Sales: $17.03 billion
• Price / Sales: 3.41
• Cash Flow: $15.53 per share
• Price / Cash Flow: 17.42
• Book Value: $15.23 per share
• Price / Book: 17.76

Miscellaneous

• Outstanding Shares: 214,640,000
• Free Float: 211,703,000
• Market Cap: $58.05 billion
• Optionable: Optionable
• Beta: 0.75