Erste Group Bank Comments on Targa Resources FY2026 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Investment analysts at Erste Group Bank issued their FY2026 earnings per share estimates for shares of Targa Resources in a research report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel expects that the pipeline company will post earnings per share of $10.80 for the year. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $10.75 per share. Erste Group Bank also issued estimates for Targa Resources’ FY2027 earnings at $12.22 EPS.

Several other equities analysts have also commented on TRGP. Citigroup restated a “buy” rating on shares of Targa Resources in a research report on Wednesday, May 27th. The Goldman Sachs Group lifted their price objective on shares of Targa Resources from $242.00 to $268.00 and gave the company a “buy” rating in a research report on Monday, April 20th. TD Cowen boosted their target price on shares of Targa Resources from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday. Scotiabank boosted their target price on shares of Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Targa Resources in a research report on Thursday, July 2nd. Seventeen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $285.93.

Targa Resources Stock Performance

TRGP stock opened at $283.39 on Monday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.62 and a current ratio of 0.72. The stock has a market capitalization of $60.83 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.45 and a beta of 0.71. Targa Resources has a 1 year low of $144.14 and a 1 year high of $285.56. The stock’s fifty day moving average is $267.82 and its two-hundred day moving average is $238.96.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings data on Thursday, May 7th. The pipeline company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). Targa Resources had a return on equity of 71.00% and a net margin of 12.87%.The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.68 billion.

Targa Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, July 31st. Targa Resources’s dividend payout ratio is currently 50.56%.

Insider Buying and Selling at Targa Resources

In other news, Director Charles R. Crisp sold 10,602 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total value of $2,713,687.92. Following the completion of the transaction, the director directly owned 66,492 shares in the company, valued at $17,019,292.32. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Olistico Wealth LLC bought a new position in Targa Resources during the 4th quarter valued at $27,000. Atlantic Union Bankshares Corp bought a new stake in shares of Targa Resources in the 4th quarter worth $27,000. Miller Capital Partners Inc. bought a new stake in shares of Targa Resources in the 4th quarter worth $30,000. Leonteq Securities AG bought a new stake in shares of Targa Resources in the 4th quarter worth $31,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Targa Resources by 245.9% in the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock valued at $34,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.