FY2026 EPS Forecast for Targa Resources Lifted by Analyst

Targa Resources, Inc. (NYSE:TRGP) – US Capital Advisors lifted their FY2026 earnings per share estimates for shares of Targa Resources in a research report issued to clients and investors on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $10.98 per share for the year, up from their prior estimate of $10.24. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $11.13 per share.

Targa Resources (NYSE:TRGP) last released its earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.71. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%.

Other research analysts have also recently issued research reports about the company. Seaport Research Partners reaffirmed a “neutral” rating on shares of Targa Resources in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on Targa Resources from $291.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Truist Financial boosted their target price on Targa Resources from $289.00 to $312.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Raymond James Financial set a $335.00 target price on Targa Resources in a report on Friday, August 7th. Finally, Stifel Nicolaus set a $268.00 price target on Targa Resources in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $297.18.

Targa Resources Stock Down 1.7%

TRGP stock opened at $294.10 on Monday. The firm has a market cap of $63.06 billion, a PE ratio of 28.12, a P/E/G ratio of 1.43 and a beta of 0.72. Targa Resources has a 12 month low of $144.14 and a 12 month high of $307.94. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.77 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $272.62 and a 200 day simple moving average of $255.13.

Targa Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Targa Resources’s dividend payout ratio (DPR) is currently 47.80%.

Institutional Trading of Targa Resources

Several large investors have recently added to or reduced their stakes in the company. Woodline Partners LP grew its holdings in shares of Targa Resources by 40.7% during the first quarter. Woodline Partners LP now owns 18,423 shares of the pipeline company’s stock valued at $3,693,000 after buying an additional 5,327 shares in the last quarter. Focus Partners Wealth lifted its stake in Targa Resources by 157.4% in the 1st quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company’s stock worth $788,000 after acquiring an additional 2,404 shares in the last quarter. Baird Financial Group Inc. boosted its position in Targa Resources by 6.3% during the 2nd quarter. Baird Financial Group Inc. now owns 3,697 shares of the pipeline company’s stock worth $644,000 after acquiring an additional 219 shares during the period. Brown Advisory Inc. boosted its position in Targa Resources by 13.1% during the 2nd quarter. Brown Advisory Inc. now owns 4,521 shares of the pipeline company’s stock worth $787,000 after acquiring an additional 524 shares during the period. Finally, Cerity Partners LLC grew its stake in Targa Resources by 11.0% during the 2nd quarter. Cerity Partners LLC now owns 31,881 shares of the pipeline company’s stock valued at $5,550,000 after acquiring an additional 3,163 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Targa Resources Company Profile

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.