Q1 EPS Forecast for Targa Resources Raised by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Equities researchers at US Capital Advisors raised their Q1 2026 earnings per share estimates for Targa Resources in a report released on Tuesday, November 25th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings per share of $2.31 for the quarter, up from their prior estimate of $2.20. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ Q2 2026 earnings at $2.23 EPS, Q3 2026 earnings at $2.35 EPS, Q4 2026 earnings at $2.58 EPS, FY2026 earnings at $9.47 EPS and FY2027 earnings at $10.56 EPS.

TRGP has been the subject of a number of other research reports. Cfra Research upgraded shares of Targa Resources to a “hold” rating in a research note on Friday, August 8th. Royal Bank Of Canada raised their price objective on shares of Targa Resources from $208.00 to $213.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Wall Street Zen downgraded shares of Targa Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Stifel Nicolaus set a $213.00 price target on Targa Resources in a research note on Thursday, November 6th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $205.00 price target (up from $198.00) on shares of Targa Resources in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Targa Resources presently has an average rating of “Moderate Buy” and a consensus target price of $210.21.

Targa Resources Stock Performance

Shares of Targa Resources stock opened at $173.28 on Thursday. The business has a 50-day simple moving average of $162.83 and a 200-day simple moving average of $165.03. The company has a debt-to-equity ratio of 5.93, a quick ratio of 0.56 and a current ratio of 0.69. Targa Resources has a one year low of $144.14 and a one year high of $218.51. The company has a market cap of $37.20 billion, a PE ratio of 24.51, a P/E/G ratio of 0.91 and a beta of 1.16.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.02). The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.70 billion. Targa Resources had a return on equity of 43.35% and a net margin of 8.99%.

Targa Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, October 31st. Targa Resources’s dividend payout ratio (DPR) is currently 53.19%.

Insiders Place Their Bets

In related news, insider D. Scott Pryor sold 20,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $172.21, for a total value of $3,444,200.00. Following the completion of the sale, the insider directly owned 22,139 shares of the company’s stock, valued at $3,812,557.19. The trade was a 47.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.34% of the stock is currently owned by company insiders.

Institutional Trading of Targa Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in TRGP. Nordea Investment Management AB raised its holdings in shares of Targa Resources by 260.2% in the second quarter. Nordea Investment Management AB now owns 128,911 shares of the pipeline company’s stock worth $22,526,000 after acquiring an additional 93,119 shares during the last quarter. Aberdeen Group plc boosted its stake in shares of Targa Resources by 17.6% during the second quarter. Aberdeen Group plc now owns 175,571 shares of the pipeline company’s stock valued at $30,563,000 after acquiring an additional 26,318 shares during the last quarter. OFI Invest Asset Management increased its position in Targa Resources by 6.5% during the 2nd quarter. OFI Invest Asset Management now owns 243,628 shares of the pipeline company’s stock worth $42,411,000 after purchasing an additional 14,883 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Targa Resources by 34.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,270,128 shares of the pipeline company’s stock valued at $221,104,000 after purchasing an additional 323,398 shares during the last quarter. Finally, Freemont Management S.A. raised its stake in Targa Resources by 30.7% in the 2nd quarter. Freemont Management S.A. now owns 26,400 shares of the pipeline company’s stock valued at $4,596,000 after purchasing an additional 6,200 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Targa Resources Company Profile

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.