FY2026 EPS Estimate for Targa Resources Boosted by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Equities researchers at Erste Group Bank upped their FY2026 EPS estimates for Targa Resources in a research note issued to investors on Monday, July 27th. Erste Group Bank analyst H. Engel now forecasts that the pipeline company will earn $10.94 per share for the year, up from their prior estimate of $10.80. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $10.77 per share.

Targa Resources (NYSE:TRGP) last issued its earnings results on Thursday, May 7th. The pipeline company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). Targa Resources had a net margin of 12.87% and a return on equity of 71.00%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.68 billion.

A number of other equities analysts also recently commented on the company. Citigroup restated a “buy” rating on shares of Targa Resources in a report on Wednesday, May 27th. Stifel Nicolaus set a $268.00 target price on shares of Targa Resources in a research note on Friday, May 8th. Scotiabank boosted their target price on shares of Targa Resources from $249.00 to $257.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Truist Financial increased their price target on shares of Targa Resources from $289.00 to $312.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $310.00 price objective on shares of Targa Resources in a research note on Tuesday, July 21st. Seventeen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $288.00.

Targa Resources Stock Down 2.1%

TRGP opened at $262.01 on Wednesday. The company has a market capitalization of $56.24 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.37 and a beta of 0.71. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.72 and a quick ratio of 0.62. Targa Resources has a fifty-two week low of $144.14 and a fifty-two week high of $291.04. The business has a 50-day moving average of $269.42 and a 200-day moving average of $243.64.

Hedge Funds Weigh In On Targa Resources

Several large investors have recently bought and sold shares of TRGP. Tema ETFs LLC boosted its holdings in Targa Resources by 9.5% in the 2nd quarter. Tema ETFs LLC now owns 3,358 shares of the pipeline company’s stock valued at $900,000 after purchasing an additional 290 shares during the period. Camelot Technology Advisors Inc. increased its holdings in shares of Targa Resources by 2.1% during the 2nd quarter. Camelot Technology Advisors Inc. now owns 11,099 shares of the pipeline company’s stock worth $2,976,000 after purchasing an additional 230 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Targa Resources during the 2nd quarter worth about $235,000. Trust Point Inc. acquired a new position in shares of Targa Resources during the second quarter valued at about $230,000. Finally, Czech National Bank raised its position in shares of Targa Resources by 4.5% during the second quarter. Czech National Bank now owns 61,096 shares of the pipeline company’s stock valued at $16,382,000 after buying an additional 2,635 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Targa Resources

In other news, Director Charles R. Crisp sold 10,602 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total value of $2,713,687.92. Following the completion of the sale, the director directly owned 66,492 shares of the company’s stock, valued at approximately $17,019,292.32. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Targa Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. Targa Resources’s payout ratio is 50.56%.

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.