Q3 EPS Estimates for Targa Resources Lowered by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Equities research analysts at US Capital Advisors dropped their Q3 2026 earnings per share estimates for shares of Targa Resources in a research note issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $2.51 per share for the quarter, down from their prior forecast of $2.52. US Capital Advisors has a “Moderate Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $11.05 per share. US Capital Advisors also issued estimates for Targa Resources’ Q4 2026 earnings at $2.69 EPS, Q1 2027 earnings at $2.67 EPS, Q2 2027 earnings at $2.62 EPS, Q3 2027 earnings at $2.76 EPS, Q4 2027 earnings at $3.01 EPS, FY2027 earnings at $11.05 EPS and FY2028 earnings at $12.73 EPS.

TRGP has been the subject of a number of other research reports. Scotiabank raised their price objective on shares of Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Jefferies Financial Group boosted their target price on shares of Targa Resources from $324.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday. Seaport Research Partners restated a “neutral” rating on shares of Targa Resources in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Targa Resources in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Targa Resources from $291.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $297.18.

Targa Resources Stock Performance

NYSE:TRGP opened at $301.99 on Friday. The stock’s 50-day moving average is $271.43 and its 200-day moving average is $253.78. Targa Resources has a 1-year low of $144.14 and a 1-year high of $306.73. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01. The stock has a market cap of $64.76 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 1.44 and a beta of 0.72.

Targa Resources (NYSE:TRGP) last posted its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%.The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.90 billion.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRGP. Hardy Reed LLC increased its stake in Targa Resources by 1.0% in the first quarter. Hardy Reed LLC now owns 4,321 shares of the pipeline company’s stock valued at $1,083,000 after acquiring an additional 41 shares during the last quarter. Versant Capital Management Inc lifted its stake in Targa Resources by 4.1% during the second quarter. Versant Capital Management Inc now owns 1,146 shares of the pipeline company’s stock worth $307,000 after purchasing an additional 45 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Targa Resources by 10.5% during the fourth quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company’s stock worth $97,000 after purchasing an additional 50 shares during the last quarter. River Wealth Advisors LLC boosted its holdings in shares of Targa Resources by 0.3% in the 2nd quarter. River Wealth Advisors LLC now owns 19,457 shares of the pipeline company’s stock worth $5,217,000 after purchasing an additional 50 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Targa Resources by 0.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,455 shares of the pipeline company’s stock worth $1,376,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Targa Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $1.25 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.00 annualized dividend and a yield of 1.7%. Targa Resources’s dividend payout ratio is presently 47.80%.

Targa Resources News Roundup

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: Jefferies initiated or reiterated a Buy rating on Targa Resources, providing a positive signal from Wall Street and reinforcing confidence in the company’s long-term growth outlook. Targa Resources Gets a Buy from Jefferies
• Neutral Sentiment: US Capital Advisors maintained a Moderate Buy rating, but reduced its EPS forecasts across nearly every reported period. Estimates were lowered for Q3 and Q4 2026, all quarters of 2027, FY2027 and FY2028.
• Negative Sentiment: The most significant reductions were to FY2027 EPS, now forecast at $11.05 versus $11.75 previously, and FY2028 EPS, now expected at $12.73 versus $13.42. The cuts suggest analysts see somewhat weaker earnings momentum than previously anticipated.
• Negative Sentiment: With TRGP near its 52-week high following a strong rally, Zacks highlighted risks including a premium valuation, heavy capital spending and moderating gains from its marketing business. Those concerns may encourage profit-taking despite the favorable analyst rating. Targa Resources Stock Near 52-Week High: Time to Lock in Gains?

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.