Q2 EPS Estimate for Targa Resources Lifted by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Analysts at US Capital Advisors raised their Q2 2026 earnings per share (EPS) estimates for Targa Resources in a research note issued to investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings per share of $2.30 for the quarter, up from their prior estimate of $2.22. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ FY2026 earnings at $9.51 EPS, Q4 2027 earnings at $2.74 EPS and FY2028 earnings at $11.38 EPS.

Other analysts have also recently issued reports about the stock. Citigroup increased their price target on shares of Targa Resources from $200.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. UBS Group boosted their price objective on shares of Targa Resources from $228.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada increased their price objective on Targa Resources from $218.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Wells Fargo & Company lifted their target price on Targa Resources from $248.00 to $264.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, Barclays restated an “overweight” rating and set a $226.00 target price on shares of Targa Resources in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.57.

Targa Resources Trading Up 1.9%

Shares of NYSE TRGP opened at $250.17 on Wednesday. Targa Resources has a 1-year low of $144.14 and a 1-year high of $252.45. The company has a 50-day moving average of $221.86 and a two-hundred day moving average of $187.79. The company has a market cap of $53.77 billion, a PE ratio of 29.12, a P/E/G ratio of 1.61 and a beta of 0.84. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 5.21.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.16. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.12 billion. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%.

Targa Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, January 30th. Targa Resources’s payout ratio is 46.57%.

Insiders Place Their Bets

In other Targa Resources news, insider Robert Muraro sold 24,589 shares of Targa Resources stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $241.34, for a total transaction of $5,934,309.26. Following the completion of the sale, the insider owned 197,401 shares of the company’s stock, valued at approximately $47,640,757.34. The trade was a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles R. Crisp sold 1,359 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $229.30, for a total transaction of $311,618.70. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 104,929 shares of company stock valued at $24,692,134 over the last three months. 1.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Targa Resources

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its holdings in Targa Resources by 7.0% in the fourth quarter. Hsbc Holdings PLC now owns 820,310 shares of the pipeline company’s stock valued at $151,331,000 after purchasing an additional 53,413 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Targa Resources by 11.1% during the fourth quarter. Corient Private Wealth LLC now owns 38,525 shares of the pipeline company’s stock worth $7,108,000 after buying an additional 3,847 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Targa Resources during the fourth quarter worth about $52,000. Beacon Pointe Advisors LLC grew its position in shares of Targa Resources by 104.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,022 shares of the pipeline company’s stock worth $557,000 after buying an additional 1,542 shares during the period. Finally, CacheTech Inc. acquired a new position in shares of Targa Resources during the 4th quarter worth about $214,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Key Targa Resources News

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

• Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance, signaling institutional confidence that can drive demand for the shares. Truist coverage
• Positive Sentiment: UBS published a note forecasting strong price appreciation for TRGP, a high‑profile endorsement that can prompt fresh inflows from institutional investors. UBS forecast
• Positive Sentiment: US Capital Advisors raised EPS forecasts for multiple periods (Q2 2026, FY2026, Q4 2027, FY2028), indicating analysts expect stronger future earnings growth — a direct positive for valuation and investor sentiment. US Capital Advisors estimates
• Neutral Sentiment: Industry brokers published Q1 earnings expectations for Targa; these set the near‑term bar management must clear and increase focus on the upcoming quarterly release (outcome will affect price momentum). Brokers’ Q1 expectations
• Negative Sentiment: Balance‑sheet and valuation risks remain: TRGP carries high leverage (debt/equity ~5.2) and modest liquidity ratios, meaning the stock could be more sensitive to commodity or rate shocks despite bullish analyst views.

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.