Q2 EPS Estimates for Targa Resources Boosted by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Analysts at US Capital Advisors lifted their Q2 2026 earnings per share (EPS) estimates for Targa Resources in a research note issued to investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $2.30 per share for the quarter, up from their prior forecast of $2.22. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ FY2026 earnings at $9.51 EPS, Q4 2027 earnings at $2.74 EPS and FY2028 earnings at $11.38 EPS.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Targa Resources from $248.00 to $264.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Stifel Nicolaus increased their price objective on shares of Targa Resources from $213.00 to $243.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Royal Bank Of Canada lifted their target price on shares of Targa Resources from $218.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings raised shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $242.00 price target on shares of Targa Resources in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.57.

Targa Resources Trading Up 2.7%

Targa Resources stock opened at $246.39 on Wednesday. Targa Resources has a 12-month low of $144.14 and a 12-month high of $250.00. The firm has a market capitalization of $52.96 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 1.57 and a beta of 0.84. The firm has a 50 day moving average of $219.25 and a 200 day moving average of $186.95. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 5.21.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.16. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%.

Hedge Funds Weigh In On Targa Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Olistico Wealth LLC bought a new stake in shares of Targa Resources in the 4th quarter worth about $27,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Targa Resources during the 4th quarter valued at about $27,000. Miller Capital Partners Inc. bought a new position in shares of Targa Resources in the 4th quarter valued at about $30,000. Leonteq Securities AG bought a new position in shares of Targa Resources in the 4th quarter valued at about $31,000. Finally, Peoples Financial Services CORP. purchased a new position in Targa Resources in the third quarter worth about $34,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Targa Resources

In related news, Director Charles R. Crisp sold 1,359 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $229.30, for a total value of $311,618.70. Following the completion of the transaction, the director directly owned 77,094 shares of the company’s stock, valued at approximately $17,677,654.20. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider D. Scott Pryor sold 17,500 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $228.92, for a total transaction of $4,006,100.00. Following the completion of the sale, the insider owned 31,938 shares in the company, valued at $7,311,246.96. This represents a 35.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 104,929 shares of company stock worth $24,692,134. Company insiders own 1.34% of the company’s stock.

Targa Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. Targa Resources’s payout ratio is presently 46.57%.

Key Stories Impacting Targa Resources

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

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a Buy rating, signaling stronger upside and supporting the stock rally. Article Title
• Positive Sentiment: Truist initiated coverage with a Buy rating and a $279 target, backing the bullish momentum from institutional research and likely contributing to today’s buying interest. Article Title
• Positive Sentiment: US Capital Advisors raised its Q1 2026 EPS estimate to $2.41 (up from $2.33), a near?term beat that supports visible earnings strength for the next reported quarter. Article Title
• Neutral Sentiment: US Capital Advisors published a full set of quarterly/annual forecasts (Q1–Q4 2026 and Q1–Q3 2027); the note provides updated guidance that traders can use to model near?term cash flow and FY2027 expectations. The firm’s FY2027 projection of $10.09 is well above current consensus, making it useful (but not definitive) for valuation debates. Article Title
• Negative Sentiment: Offsetting the positives, US Capital Advisors trimmed several 2026 quarter estimates (Q3 2026 to $2.30 from $2.33; Q4 2026 to $2.50 from $2.56) and lowered its FY2027 forecast (to $10.09 from $10.35), which introduces some downward pressure on near?term growth expectations. Article Title

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.