UBS Group Forecasts Strong Price Appreciation for Targa Resources (NYSE:TRGP) Stock

Targa Resources (NYSE:TRGP) had its price objective hoisted by analysts at UBS Group from $228.00 to $280.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. UBS Group’s price target would indicate a potential upside of 14.22% from the company’s previous close.

A number of other research analysts have also commented on TRGP. Barclays reiterated an “overweight” rating and issued a $226.00 price target on shares of Targa Resources in a research note on Friday, February 20th. Scotiabank restated an “outperform” rating on shares of Targa Resources in a research report on Tuesday, February 24th. Mizuho boosted their price objective on Targa Resources from $207.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Morgan Stanley upped their target price on Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Finally, Truist Financial began coverage on Targa Resources in a research note on Tuesday. They set a “buy” rating and a $279.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.57.

Targa Resources Stock Down 0.4%

TRGP stock opened at $245.15 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 5.21. The firm has a market capitalization of $52.69 billion, a PE ratio of 28.54, a PEG ratio of 1.61 and a beta of 0.84. Targa Resources has a 1-year low of $144.14 and a 1-year high of $250.00. The business’s 50 day simple moving average is $220.50 and its 200 day simple moving average is $187.35.

Targa Resources (NYSE:TRGP) last released its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. As a group, research analysts anticipate that Targa Resources will post 8.15 EPS for the current year.

Insider Activity at Targa Resources

In related news, Director Charles R. Crisp sold 1,359 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $229.30, for a total value of $311,618.70. Following the completion of the transaction, the director owned 77,094 shares of the company’s stock, valued at $17,677,654.20. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Muraro sold 24,589 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $241.34, for a total transaction of $5,934,309.26. Following the sale, the insider directly owned 197,401 shares of the company’s stock, valued at $47,640,757.34. This represents a 11.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 104,929 shares of company stock worth $24,692,134 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Targa Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Olistico Wealth LLC acquired a new stake in shares of Targa Resources during the 4th quarter worth approximately $27,000. Atlantic Union Bankshares Corp bought a new position in Targa Resources in the fourth quarter valued at approximately $27,000. Miller Capital Partners Inc. acquired a new position in Targa Resources during the fourth quarter valued at approximately $30,000. Leonteq Securities AG acquired a new position in Targa Resources during the fourth quarter valued at approximately $31,000. Finally, Peoples Financial Services CORP. bought a new stake in Targa Resources during the third quarter worth $34,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Targa Resources

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

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a “buy” rating, giving the stock meaningful upside relative to recent levels. UBS raises PT to $280
• Positive Sentiment: Truist/Truist Securities initiated/upped coverage on Targa with a buy/strong‑buy stance and a roughly $279 price target, adding another institutional endorsement supporting the stock. Truist initiates coverage
• Neutral Sentiment: US Capital Advisors published a broad set of estimate updates: they raised several near‑term and long‑term forecasts (examples: Q1/Q2 2026, FY2026 and FY2028 estimates were nudged higher), signaling upside to multi‑year earnings expectations. US Capital Advisors estimate changes
• Negative Sentiment: That same US Capital Advisors report included downgrades to certain quarters (notably Q3/Q4 2026) and a lower FY2027 outlook vs. their prior view — a near‑term earnings tempering that could weigh on sentiment. US Capital Advisors cuts to some quarters/FY2027

About Targa Resources

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.