US Capital Advisors Downgrades Targa Resources (NYSE:TRGP) to Moderate Buy

Posted by George Bondi on May 30th, 2026

Targa Resources (NYSE:TRGP – Get Free Report) was downgraded by equities researchers at US Capital Advisors from a “strong-buy” rating to a “moderate buy” rating in a note issued to investors on Friday,Zacks.com reports.

TRGP has been the subject of several other research reports. Morgan Stanley raised their target price on Targa Resources from $327.00 to $331.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Wells Fargo & Company raised their target price on Targa Resources from $264.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Stifel Nicolaus set a $268.00 target price on Targa Resources in a research report on Friday, May 8th. Weiss Ratings raised Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 29th. Finally, TD Cowen raised their target price on Targa Resources from $236.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Targa Resources currently has an average rating of “Moderate Buy” and a consensus target price of $269.21.

Read Our Latest Stock Report on Targa Resources

Targa Resources Stock Performance

Shares of NYSE TRGP opened at $255.14 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $54.76 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.35 and a beta of 0.75. The stock’s fifty day simple moving average is $251.28 and its 200 day simple moving average is $216.18. Targa Resources has a 52-week low of $144.14 and a 52-week high of $280.00.

Targa Resources (NYSE:TRGP – Get Free Report) last issued its earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.68 billion. Targa Resources had a return on equity of 71.00% and a net margin of 12.87%. As a group, sell-side analysts forecast that Targa Resources will post 10.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Targa Resources news, Director Charles R. Crisp sold 10,602 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total value of $2,713,687.92. Following the completion of the sale, the director owned 66,492 shares of the company’s stock, valued at $17,019,292.32. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrick J. Mcdonie sold 31,537 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $239.36, for a total value of $7,548,696.32. Following the completion of the sale, the insider directly owned 305,163 shares of the company’s stock, valued at $73,043,815.68. This represents a 9.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 66,728 shares of company stock valued at $16,196,694 over the last quarter. Insiders own 1.37% of the company’s stock.

Institutional Trading of Targa Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Olistico Wealth LLC acquired a new stake in shares of Targa Resources in the fourth quarter worth about $27,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Targa Resources in the fourth quarter worth about $27,000. Miller Capital Partners Inc. bought a new position in shares of Targa Resources in the fourth quarter worth about $30,000. Leonteq Securities AG bought a new position in shares of Targa Resources in the fourth quarter worth about $31,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Targa Resources in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

Targa Resources Company Profile

(Get Free Report)

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.