FY2026 EPS Estimate for Targa Resources Decreased by Analyst

Targa Resources Corp. (NYSE:TRGP) – Analysts at US Capital Advisors dropped their FY2026 earnings estimates for Targa Resources in a report released on Monday, March 24th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $9.21 per share for the year, down from their prior forecast of $9.31. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share.

Targa Resources (NYSE:TRGP) last issued 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 business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.48 billion. Targa Resources had a net margin of 7.81% and a return on equity of 28.67%.

Several other analysts have also recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Targa Resources from $204.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Scotiabank dropped their price target on Targa Resources from $218.00 to $210.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 6th. Morgan Stanley lifted their price objective on Targa Resources from $202.00 to $244.00 and gave the stock an “overweight” rating in a research report on Monday, March 17th. Truist Financial upped their target price on Targa Resources from $220.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Finally, Royal Bank of Canada raised their target price on Targa Resources from $220.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $211.00.

Targa Resources Price Performance

Shares of Targa Resources stock opened at $198.97 on Wednesday. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61. The business has a 50 day simple moving average of $199.68 and a two-hundred day simple moving average of $184.39. The stock has a market capitalization of $43.40 billion, a P/E ratio of 34.66, a PEG ratio of 0.61 and a beta of 2.32. Targa Resources has a 12 month low of $110.09 and a 12 month high of $218.51.

Hedge Funds Weigh In On Targa Resources

Several institutional investors have recently modified their holdings of the company. Colonial Trust Co SC raised its position in shares of Targa Resources by 5,400.0% during the 4th quarter. Colonial Trust Co SC now owns 165 shares of the pipeline company’s stock worth $29,000 after buying an additional 162 shares in the last quarter. Atala Financial Inc bought a new position in shares of Targa Resources during the 4th quarter valued at about $31,000. Cary Street Partners Financial LLC acquired a new position in Targa Resources in the fourth quarter worth approximately $31,000. Ameriflex Group Inc. acquired a new stake in shares of Targa Resources during the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Targa Resources during the 4th quarter worth $32,000. Institutional investors own 92.13% of the company’s stock.

Insider Buying and Selling

In other Targa Resources news, insider Jennifer R. Kneale sold 29,887 shares of Targa Resources stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $192.42, for a total value of $5,750,856.54. Following the completion of the transaction, the insider now owns 227,269 shares of the company’s stock, valued at $43,731,100.98. The trade was a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Waters S. Iv Davis sold 2,190 shares of Targa Resources stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $196.26, for a total transaction of $429,809.40. Following the completion of the transaction, the director now directly owns 2,899 shares of the company’s stock, valued at $568,957.74. This trade represents a 43.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,914 shares of company stock valued at $22,613,288 in the last quarter. Company insiders own 1.39% of the company’s stock.

Targa Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, January 31st. Targa Resources’s payout ratio is 52.26%.

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.