Targa Resources (NYSE:TRGP) Price Target Raised to $325.00

Posted by Geri Gentry on Oct 15th, 2026

Targa Resources (NYSE:TRGP – Free Report) had its target price boosted by Citigroup from $303.00 to $325.00 in a report issued on Monday morning.

A number of other analysts also recently issued reports on TRGP. Erste Group Bank initiated coverage on Targa Resources in a research report on Thursday, June 25th. They set a “buy” rating for the company. Morgan Stanley upped their price objective on shares of Targa Resources from $343.00 to $359.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 16th. Raymond James Financial set a $335.00 target price on Targa Resources in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price target on shares of Targa Resources from $312.00 to $338.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Finally, Jefferies Financial Group lifted their price objective on Targa Resources from $324.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. Based on data from MarketBeat.com, Targa Resources presently has a consensus rating of “Buy” and a consensus target price of $318.45.

Read Our Latest Stock Analysis on TRGP

Targa Resources Trading Down 0.8%

Shares of TRGP stock opened at $290.62 on Monday. The company has a market capitalization of $62.32 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.38 and a beta of 0.80. Targa Resources has a 52-week low of $144.14 and a 52-week high of $307.94. The business’s fifty day moving average is $285.19 and its 200 day moving average is $269.59. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77.

Targa Resources (NYSE:TRGP – Get Free Report) last posted its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, topping the consensus estimate of $2.83 by $0.71. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. On average, equities research analysts anticipate that Targa Resources will post 11.30 EPS for the current fiscal year.

Targa Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 30th. Targa Resources’s dividend payout ratio (DPR) is 47.80%.

Insiders Place Their Bets

In other news, Director Waters S. Iv Davis sold 2,400 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $299.67, for a total value of $719,208.00. Following the sale, the director directly owned 1,529 shares of the company’s stock, valued at approximately $458,195.43. This represents a 61.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles R. Crisp sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total value of $870,690.00. Following the transaction, the director owned 62,292 shares of the company’s stock, valued at $18,079,007.16. The trade was a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,216 shares of company stock valued at $2,127,634. 1.37% 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 added to or reduced their stakes in the business. Hardy Reed LLC lifted its stake in Targa Resources by 1.0% during the 1st quarter. Hardy Reed LLC now owns 4,321 shares of the pipeline company’s stock valued at $1,083,000 after acquiring an additional 41 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Targa Resources by 4.1% during the 2nd quarter. Versant Capital Management Inc now owns 1,146 shares of the pipeline company’s stock valued at $307,000 after acquiring an additional 45 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of Targa Resources by 2.3% in the second quarter. Premier Path Wealth Partners LLC now owns 2,003 shares of the pipeline company’s stock worth $537,000 after acquiring an additional 45 shares during the period. River Wealth Advisors LLC grew its stake in shares of Targa Resources by 0.3% in the second quarter. River Wealth Advisors LLC now owns 19,457 shares of the pipeline company’s stock worth $5,217,000 after acquiring an additional 50 shares during the period. Finally, Bridgewater Advisors Inc. raised its holdings in shares of Targa Resources by 2.7% during the first quarter. Bridgewater Advisors Inc. now owns 2,210 shares of the pipeline company’s stock valued at $520,000 after purchasing an additional 59 shares during the last quarter. 92.13% of the stock is owned by institutional investors.

Trending Headlines about Targa Resources

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

Positive Sentiment: Analyst earnings estimates increased. Erste Group Bank raised its FY2027 EPS forecast to $12.31 from $12.20 and maintained a “Buy” rating. Another analyst report cited an average price target of $317.85, suggesting potential upside from recent trading levels.
Positive Sentiment: Targa maintained its quarterly dividend. The company declared a $1.25-per-share dividend, equivalent to $5.00 annually and a yield of approximately 1.7%. Shareholders of record on October 30 will be paid on November 17. Targa Resources dividend announcement
Positive Sentiment: Recent operating performance remains solid. Targa reported second-quarter revenue of approximately $4.4 billion, up 4.23% year over year, while its latest quarterly EPS of $3.54 exceeded the $2.83 consensus estimate.
Neutral Sentiment: Third-quarter results are approaching. Targa will report before the market opens on November 5 and hold an earnings webcast afterward. The event could provide updated guidance on volumes, capital spending and the outlook for natural gas and natural gas liquids demand.
Negative Sentiment: Insider selling may weigh on sentiment. Company insiders reportedly made 10 open-market sales and no purchases over the past six months, selling shares worth several million dollars. This can raise concerns about executive confidence, even though insider sales may also reflect scheduled diversification.
Negative Sentiment: Valuation and leverage remain risks. Targa trades near its one-year high at roughly 28 times earnings and has a debt-to-equity ratio above 5, leaving the stock vulnerable to profit-taking or higher interest-rate concerns. Commodity-price volatility and project-execution risks could also affect future results.

Targa Resources Company Profile

(Get Free Report)

Targa Resources Corp. (NYSE: TRGP) is a Houston-based midstream energy company that owns, operates and develops infrastructure for gathering, processing, transporting, storing and exporting natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products. Its operations connect producers with domestic and international markets across key U.S. energy-producing regions.

The company’s assets include natural gas gathering and processing systems, NGL pipelines, fractionation facilities, storage assets and export terminals.