Erste Group Bank Comments on Targa Resources FY2026 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Equities researchers at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for Targa Resources in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the pipeline company will post earnings of $11.34 per share for the year, up from their previous estimate of $11.26. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $11.41 per share. Erste Group Bank also issued estimates for Targa Resources’ FY2027 earnings at $12.34 EPS.

Targa Resources (NYSE:TRGP) last issued its quarterly 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 business had revenue of $4.44 billion during 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 equities research analysts also recently issued reports about the company. Wells Fargo & Company boosted their target price on Targa Resources from $282.00 to $324.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Mizuho upped their price objective on Targa Resources from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, September 11th. Stifel Nicolaus set a $335.00 target price on shares of Targa Resources in a report on Friday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of Targa Resources from $315.00 to $351.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, TD Cowen raised shares of Targa Resources from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $275.00 to $350.00 in a research note on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. Based on data from MarketBeat.com, Targa Resources has an average rating of “Buy” and a consensus target price of $319.25.

Targa Resources Trading Down 2.2%

Targa Resources stock opened at $288.97 on Friday. 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’s 50 day moving average price is $288.32 and its 200-day moving average price is $271.46. Targa Resources has a 1 year low of $150.00 and a 1 year high of $307.94. The stock has a market cap of $61.96 billion, a P/E ratio of 28.26, a PEG ratio of 1.22 and a beta of 0.80.

Institutional Trading of Targa Resources

A number of large investors have recently made changes to their positions in TRGP. First Eagle Investment Management LLC increased its stake in Targa Resources by 381.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 101 shares of the pipeline company’s stock worth $27,000 after buying an additional 80 shares during the period. Jones Financial Companies Lllp bought a new position in Targa Resources in the 2nd quarter worth about $32,000. Compass Financial Management LLC bought a new position in Targa Resources in the 2nd quarter worth about $33,000. CoreCap Advisors LLC increased its position in shares of Targa Resources by 245.9% during the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 91 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of Targa Resources during the second quarter valued at approximately $35,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Targa Resources

In other news, Director Charles Crisp sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total value of $870,690.00. Following the sale, the director directly owned 62,292 shares in the company, valued at approximately $18,079,007.16. This represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director S Davis sold 2,400 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $299.67, for a total value of $719,208.00. Following the transaction, the director owned 1,529 shares of the company’s stock, valued at approximately $458,195.43. The trade was a 61.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,216 shares of company stock worth $2,127,634. 1.37% of the stock is currently owned by company insiders.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio is currently 47.80%.

About Targa Resources

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.