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TRGP Stock Chart & Stats
$235.50
$1.80(0.96%)
At close: 4:00 PM EST
$235.50
$1.80(0.96%)
Day’s Range― - ―
52-Week Range$144.14 - $286.25
Previous CloseN/A
Volume271.93K
Average Volume (3M)1.21M
Market Cap
$60.72B
Enterprise Value$73.10K
Total Cash (Recent Filing)$100.10M
Total Debt (Recent Filing)$19.13B
Price to Earnings (P/E)28.6
Beta0.52
Next Earnings
Aug 06, 2026EPS Estimate
2.76Next Dividend Ex-DateN/A
Dividend Yield1.51%
Share Statistics
EPS (TTM)9.86
Shares Outstanding214,643,900
10 Day Avg. Volume1,067,815
30 Day Avg. Volume1,211,859
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)12.93
Price to Sales (P/S)2.31
P/FCF Ratio67.91
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$297.40Price Target Upside26.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)10.83
Revenue Forecast (FY)$19.81B
Bulls Say, Bears Say
Bulls Say
Cash Generation & Improved Free Cash FlowTarga's operating cash flow consistently covers earnings (~1.1x TTM) and reported a sharp improvement in free cash flow versus 2025. Durable cash generation supports debt service, funds multi‑year growth capex and permits continued shareholder returns, improving resilience through commodity cycles.
Operational Execution And ScaleTarga has a strong track record of executing complex midstream projects on schedule—27 major projects over six years—and achieved record Permian inlet and fractionation volumes. Reliable delivery and scale expansion reduce execution risk and strengthen its structural competitive position in key basins.
Liquidity And Financing FlexibilityHaving $3.1 billion of available liquidity and a recent $1.5 billion debt issuance gives Targa near‑term funding headroom to execute its capital plan and absorb operational shocks. Readily available financing reduces execution risk for multi‑year projects and supports strategic optionality.
Bears Say
High LeverageLeverage is a primary structural constraint: debt-to-equity of roughly 6.1x TTM amplifies returns but raises refinancing and solvency risk. Elevated leverage limits financial flexibility for opportunistic investments, increases interest burden sensitivity, and can strain cash returns if volumes or margins weaken.
Egress Constraints And Producer Shut-insStructural takeaway constraints and weak Waha basis have driven sizeable Permian producer shut‑ins (200–400 MMcf/d). These limits suppress throughput-dependent fee income and keep growth reliant on timely completion of pipeline/egress projects, extending volume volatility and revenue sensitivity.
Capital Intensity And Cash ConversionTarga's business is capital intensive—FCF converts to only ~31% of net income TTM while growth capex remains large. Heavy, ongoing capex and working‑capital swings make free cash flow more volatile, raising execution and timing risk for dividend/buyback sustainability during downturns.
Targa Resources News
TRGP FAQ
What was Targa Resources Corp.’s price range in the past 12 months?
Targa Resources Corp. lowest stock price was $144.14 and its highest was $286.25 in the past 12 months.
What is Targa Resources Corp.’s market cap?
Targa Resources Corp.’s market cap is $60.72B.
When is Targa Resources Corp.’s upcoming earnings report date?
Targa Resources Corp.’s upcoming earnings report date is Aug 06, 2026 which is in 16 days.
How were Targa Resources Corp.’s earnings last quarter?
Targa Resources Corp. released its earnings results on May 07, 2026. The company reported $2.226 earnings per share for the quarter, missing the consensus estimate of $2.483 by -$0.257.
Is Targa Resources Corp. overvalued?
According to Wall Street analysts Targa Resources Corp.’s price is currently Undervalued.
Does Targa Resources Corp. pay dividends?
Targa Resources Corp. pays a Quarterly dividend of $1.25 which represents an annual dividend yield of 1.51%. See more information on Targa Resources Corp. dividends here
What is Targa Resources Corp.’s EPS estimate?
Targa Resources Corp.’s EPS estimate is 2.76.
How many shares outstanding does Targa Resources Corp. have?
Targa Resources Corp. has 214,643,900 shares outstanding.
What happened to Targa Resources Corp.’s price movement after its last earnings report?
Targa Resources Corp. reported an EPS of $2.226 in its last earnings report, missing expectations of $2.483. Following the earnings report the stock price went up 1.178%.
Which hedge fund is a major shareholder of Targa Resources Corp.?
Currently, no hedge funds are holding shares in TRGP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Targa Resources Stock Smart Score
Outperform
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10
Analyst Consensus
Strong Buy
Average Price Target:
$297.40 (26.28% Upside)
$297.40 (26.28% Upside)
Blogger Sentiment
Bullish
TRGP Sentiment 70%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 117.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.7%
Last 30 Days ▲ 13.7%
Last 30 Days ▲ 13.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
73.82%
12-Months-Change
Fundamentals
Return on Equity
1.51%
Trailing 12-Months
Asset Growth
18.89%
Trailing 12-Months
Company Description
Targa Resources Corp.
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
TRGP Revenue Breakdown
15.81% Gathering and Processing
84.22% Logistics and Transportation
-0.03% Other
TRGP Stock 12 Month Forecast
Average Price Target
$297.40
▲(26.28% Upside)
Technical Analysis
Ownership Overview
1.49% Insiders
34.35% Mutual Funds
2.16% Other Institutional Investors
31.85% Public Companies and Individual Investors