Targa Resources (NYSE:TRGP) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Posted by Brian Himes on Jun 19th, 2026

Targa Resources (NYSE:TRGP – Get Free Report) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also issued reports on TRGP. Citigroup reaffirmed a “buy” rating on shares of Targa Resources in a research report on Wednesday, May 27th. TD Cowen lifted their price objective on Targa Resources from $236.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, May 11th. Morgan Stanley upped their target price on Targa Resources from $327.00 to $331.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wells Fargo & Company increased their target price on Targa Resources from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, The Goldman Sachs Group raised their price target on shares of Targa Resources from $242.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.20.

Check Out Our Latest Analysis on TRGP

Targa Resources Trading Down 0.8%

NYSE TRGP opened at $258.68 on Thursday. The stock has a market cap of $55.52 billion, a P/E ratio of 26.16, a PEG ratio of 1.33 and a beta of 0.72. The company’s fifty day simple moving average is $256.54 and its 200-day simple moving average is $225.70. The company has a current ratio of 0.72, a quick ratio of 0.62 and a debt-to-equity ratio of 5.64. 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 released its quarterly earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). Targa Resources had a net margin of 12.87% and a return on equity of 71.00%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.68 billion. Equities research analysts predict that Targa Resources will post 10.75 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Charles R. Crisp sold 10,602 shares of Targa Resources stock in a transaction that occurred on 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 transaction, the director owned 66,492 shares in the company, valued at approximately $17,019,292.32. This trade represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Targa Resources

Hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new stake in shares of Targa Resources during the fourth quarter worth $27,000. Olistico Wealth LLC acquired a new position in shares of Targa Resources in the 4th quarter valued at about $27,000. Miller Capital Partners Inc. bought a new stake in shares of Targa Resources during the 4th quarter valued at about $30,000. Global Assets Advisory LLC bought a new stake in shares of Targa Resources during the 1st quarter valued at about $41,000. Finally, Leonteq Securities AG acquired a new stake in Targa Resources during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

About Targa Resources

(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.