Targa Resources (NYSE:TRGP) Stock Price Expected to Rise, UBS Group Analyst Says

Targa Resources (NYSE:TRGP) had its target price raised by equities research analysts at UBS Group from $228.00 to $280.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the pipeline company’s stock. UBS Group’s price target suggests a potential upside of 14.65% from the stock’s previous close.

A number of other brokerages also recently issued reports on TRGP. Truist Financial initiated coverage on shares of Targa Resources in a research report on Tuesday. They set a “buy” rating and a $279.00 price objective for the company. Barclays reaffirmed an “overweight” rating and issued a $226.00 target price on shares of Targa Resources in a report on Friday, February 20th. Wells Fargo & Company boosted their price target on Targa Resources from $248.00 to $264.00 and gave the company an “overweight” rating in a report on Friday, March 13th. BMO Capital Markets restated an “outperform” rating and issued a $241.00 price target on shares of Targa Resources in a research report on Friday, February 20th. Finally, TD Cowen raised their price objective on Targa Resources from $192.00 to $220.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Targa Resources has an average rating of “Moderate Buy” and an average target price of $252.57.

Targa Resources Stock Performance

Shares of NYSE TRGP traded up $4.30 during midday trading on Tuesday, hitting $244.22. 61,731 shares of the company’s stock traded hands, compared to its average volume of 1,456,450. Targa Resources has a 1 year low of $144.14 and a 1 year high of $250.00. The stock has a market capitalization of $52.49 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 1.55 and a beta of 0.84. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67. The firm has a fifty day moving average of $217.93 and a 200 day moving average of $186.35.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.12 billion. On average, analysts forecast that Targa Resources will post 8.15 earnings per share for the current year.

Insider Buying and Selling at Targa Resources

In other Targa Resources news, insider Patrick J. Mcdonie sold 31,537 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $239.36, for a total transaction of $7,548,696.32. Following the completion of the sale, the insider directly owned 305,163 shares of the company’s stock, valued at $73,043,815.68. This trade represents a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Muraro sold 24,589 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $241.34, for a total transaction of $5,934,309.26. Following the completion of the transaction, the insider directly owned 197,401 shares in the company, valued at $47,640,757.34. This trade represents a 11.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 104,929 shares of company stock worth $24,692,134. Insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its stake in shares of Targa Resources by 7.0% in the 4th quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock worth $151,331,000 after buying an additional 53,413 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Targa Resources by 11.1% during the 4th quarter. Corient Private Wealth LLC now owns 38,525 shares of the pipeline company’s stock valued at $7,108,000 after buying an additional 3,847 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Targa Resources in the 4th quarter valued at about $52,000. Beacon Pointe Advisors LLC lifted its holdings in shares of Targa Resources by 104.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,022 shares of the pipeline company’s stock valued at $557,000 after acquiring an additional 1,542 shares during the last quarter. Finally, CacheTech Inc. purchased a new position in Targa Resources in the fourth quarter worth about $214,000. Institutional investors own 92.13% of the company’s stock.

Key Targa Resources News

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: Truist initiated coverage with a “buy” rating and a $279 price target (about a 16.5% upside vs. the ~$239.54 reference price). This fresh institutional endorsement and meaningful target lift investor sentiment and can support further upside.
• Positive Sentiment: US Capital Advisors raised its Q1 2026 EPS estimate to $2.41 (from $2.33), indicating an improved near-term earnings view for the coming quarter.
• Neutral Sentiment: US Capital published a full set of forward EPS estimates (Q1–Q3 2026, Q4 2026, Q1–Q3 2027 and FY2027). Their FY2027 forecast is $10.09 versus the consensus $8.15 — the firm still models a materially higher multi‑year earnings profile than consensus, which could be interpreted as long-term confidence despite recent cuts.
• Negative Sentiment: US Capital lowered a number of quarterly and annual estimates: Q3 2026 to $2.30 (from $2.33), Q4 2026 to $2.50 (from $2.56) and FY2027 to $10.09 (from $10.35). These downward revisions signal some near- to medium-term pressure on volumes/margins or cost assumptions and could weigh on the stock if others follow.

About Targa Resources

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.