FY2026 EPS Estimate for Targa Resources Decreased by Analyst

Targa Resources Corp. (NYSE:TRGP) – Equities researchers at US Capital Advisors cut their FY2026 earnings estimates for shares of Targa Resources in a research note issued to investors on Monday, March 24th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $9.21 per share for the year, down from their previous estimate of $9.31. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share.

Targa Resources (NYSE:TRGP) last released its quarterly earnings data on Thursday, February 20th. The pipeline company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.46). Targa Resources had a return on equity of 28.67% and a net margin of 7.81%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.48 billion.

Other analysts have also issued research reports about the company. Citigroup upped their target price on Targa Resources from $218.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada increased their price objective on shares of Targa Resources from $220.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, March 3rd. Barclays lifted their target price on shares of Targa Resources from $204.00 to $211.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Scotiabank lowered their price target on shares of Targa Resources from $218.00 to $210.00 and set a “sector outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Wells Fargo & Company lifted their price objective on Targa Resources from $204.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $211.00.

Targa Resources Stock Performance

TRGP opened at $201.91 on Wednesday. Targa Resources has a 1-year low of $110.09 and a 1-year high of $218.51. The stock has a market cap of $44.04 billion, a P/E ratio of 35.18, a P/E/G ratio of 0.61 and a beta of 2.32. The stock’s 50 day simple moving average is $199.95 and its 200 day simple moving average is $184.28. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61.

Institutional Investors Weigh In On Targa Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Colonial Trust Co SC grew its holdings in shares of Targa Resources by 5,400.0% during the 4th quarter. Colonial Trust Co SC now owns 165 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 162 shares during the period. Atala Financial Inc purchased a new stake in Targa Resources during the fourth quarter worth approximately $31,000. Cary Street Partners Financial LLC acquired a new stake in shares of Targa Resources in the fourth quarter worth $31,000. Ameriflex Group Inc. purchased a new position in shares of Targa Resources in the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Targa Resources during the 4th quarter valued at $32,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Targa Resources news, insider D. Scott Pryor sold 35,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $197.30, for a total transaction of $6,905,500.00. Following the transaction, the insider now owns 82,139 shares of the company’s stock, valued at $16,206,024.70. This trade represents a 29.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jennifer R. Kneale sold 29,887 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $192.42, for a total transaction of $5,750,856.54. Following the sale, the insider now directly owns 227,269 shares of the company’s stock, valued at $43,731,100.98. This represents a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,914 shares of company stock valued at $22,613,288. Insiders own 1.39% of the company’s stock.

Targa Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.00 annualized dividend and a yield of 1.49%. Targa Resources’s dividend payout ratio (DPR) is presently 52.26%.

About Targa Resources

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.