Brokers Offer Predictions for Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP) – Equities researchers at US Capital Advisors upped their Q1 2025 earnings per share (EPS) estimates for Targa Resources in a research note issued to investors on Monday, March 24th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $2.07 per share for the quarter, up from their previous forecast of $1.96. 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 2025 earnings at $1.96 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $2.24 EPS, FY2025 earnings at $8.31 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.28 EPS, Q4 2026 earnings at $2.50 EPS and FY2027 earnings at $10.29 EPS.

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

Several other research firms have also issued reports on TRGP. The Goldman Sachs Group raised their target price on shares of Targa Resources from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Mizuho boosted their target price on Targa Resources from $208.00 to $226.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Truist Financial upped their target price on Targa Resources from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Barclays raised their price target on Targa Resources from $204.00 to $211.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Finally, Royal Bank of Canada upped their price objective on Targa Resources from $220.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $211.00.

Targa Resources Stock Down 1.8 %

NYSE TRGP opened at $201.91 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 3.05. Targa Resources has a 52 week low of $110.09 and a 52 week high of $218.51. The firm has a market capitalization of $44.04 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 0.61 and a beta of 2.32. The company has a fifty day moving average of $199.95 and a two-hundred day moving average of $184.28.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, January 31st. Targa Resources’s payout ratio is 52.26%.

Insider Buying and Selling at Targa Resources

In related news, Director Waters S. Iv Davis sold 2,190 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $196.26, for a total transaction of $429,809.40. Following the completion of the sale, the director now directly owns 2,899 shares in the company, valued at $568,957.74. This represents a 43.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider D. Scott Pryor sold 35,000 shares of Targa Resources stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $197.30, for a total value of $6,905,500.00. Following the completion of the transaction, the insider now owns 82,139 shares in the company, valued at $16,206,024.70. This trade represents a 29.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,914 shares of company stock valued at $22,613,288. Company insiders own 1.39% of the company’s stock.

Institutional Trading of Targa Resources

Several hedge funds have recently modified their holdings of the company. Snowden Capital Advisors LLC raised its stake in shares of Targa Resources by 2.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 2,652 shares of the pipeline company’s stock worth $473,000 after acquiring an additional 53 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Targa Resources by 0.9% in the third quarter. Coldstream Capital Management Inc. now owns 7,685 shares of the pipeline company’s stock worth $1,153,000 after purchasing an additional 66 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Targa Resources by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 2,217 shares of the pipeline company’s stock worth $396,000 after purchasing an additional 67 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Targa Resources by 2.3% during the 4th quarter. Mather Group LLC. now owns 3,026 shares of the pipeline company’s stock valued at $540,000 after purchasing an additional 68 shares during the last quarter. Finally, Keybank National Association OH boosted its position in shares of Targa Resources by 0.4% in the 4th quarter. Keybank National Association OH now owns 19,440 shares of the pipeline company’s stock worth $3,470,000 after purchasing an additional 70 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

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.