Analysts Issue Forecasts for Targa Resources FY2026 Earnings

Targa Resources Corp. (NYSE:TRGP) – Equities research analysts at US Capital Advisors cut their FY2026 earnings per share estimates for shares of Targa Resources in a report released on Monday, March 24th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $9.21 for the year, down from their prior estimate of $9.31. US Capital Advisors has a “Hold” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share.

A number of other analysts have also recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Targa Resources from $185.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Mizuho increased their price target on Targa Resources from $208.00 to $226.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Citigroup raised their price target on Targa Resources from $218.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Truist Financial upped their price objective on Targa Resources from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley lifted their target price on Targa Resources from $202.00 to $244.00 and gave the company an “overweight” rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Targa Resources has a consensus rating of “Buy” and an average target price of $211.00.

Targa Resources Price Performance

NYSE TRGP opened at $205.20 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 3.05. Targa Resources has a 12 month low of $110.09 and a 12 month high of $218.51. The stock has a market cap of $44.76 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 0.61 and a beta of 2.32. The company’s 50 day moving average is $200.01 and its two-hundred day moving average is $184.16.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings data on Thursday, February 20th. The pipeline company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.46). The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.48 billion. Targa Resources had a return on equity of 28.67% and a net margin of 7.81%.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.75 dividend. The ex-dividend date was Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. Targa Resources’s dividend payout ratio (DPR) is presently 52.26%.

Insider Activity

In other news, CEO Matthew J. Meloy sold 48,837 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $195.08, for a total value of $9,527,121.96. Following the completion of the sale, the chief executive officer now owns 725,628 shares in the company, valued at approximately $141,555,510.24. This trade represents a 6.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider D. Scott Pryor sold 35,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $197.30, for a total transaction of $6,905,500.00. Following the completion of the sale, the insider now directly owns 82,139 shares in the company, valued at $16,206,024.70. This trade represents a 29.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,914 shares of company stock worth $22,613,288. 1.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRGP. Ameriflex Group Inc. purchased a new position in shares of Targa Resources during the fourth quarter worth approximately $31,000. Colonial Trust Co SC grew its stake in Targa Resources by 5,400.0% in the fourth quarter. Colonial Trust Co SC now owns 165 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 162 shares in the last quarter. Atala Financial Inc purchased a new position in Targa Resources during the 4th quarter worth $31,000. Cary Street Partners Financial LLC bought a new stake in Targa Resources during the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Targa Resources in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

About Targa Resources

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.