TRGP

Targa Resources Corp

Add to Watchlist

Advanced Chart

177.620

+0.620(+0.350%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

179.210

Open

175.800

VWAP

177.53

Vol

1.59M

Mkt Cap

38.65B

Low

175.350

Amount

282.52M

EV/EBITDA(TTM)

12.47

Total Shares

221.72M

54.49B

EV/OCF(TTM)

14.93

P/S(TTM)

2.36

Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q2

FY2025Q1

5.26B

+36.68%

5.06B

+41.94%

5.04B

+10.4%

Estimates Revision

The market is revising Upward the revenue expectations for Targa Resources Corp. (TRGP) for FY2025, with the revenue forecasts being adjusted by 6.74% over the past three months. During the same period, the stock price has changed by -12.23%.

Revenue Estimates for FY2025

Revise Upward

+6.74%

In Past 3 Month

Stock Price

Go Down

-12.23%

In Past 3 Month

16 Analyst Rating

25.81% Upside

Wall Street analysts forecast TRGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRGP is 223.47 USD with a low forecast of 199.00 USD and a high forecast of 259.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

15 Buy

1 Hold

0 Sell

Strong Buy

25.81% Upside

Current: 177.620

Low

199.00

Averages

223.47

High

259.00

25.81% Upside

Current: 177.620

Low

199.00

Averages

223.47

High

259.00

Barclays

Theresa Chen

Buy

Maintains

$211 → $206

2025-04-09

Reason

Barclays

Theresa Chen

Price Target

$211 → $206

2025-04-09

Maintains

Buy

Reason

Barclays lowered the firm's price target on Targa Resources to $206 from $211 and keeps an Overweight rating on the shares. The firm thinks the path forward for Targa will depend on the magnitude and duration of additional crude price volatility, driving Permian producer plans in the 2026 and beyond time frame. Near-term, the company should generate "ratable earnings" with a step-up in the second half of 2025, the analyst tells investors in a research note.

Barclays

Theresa Chen

Buy

Maintains

$204 → $211

2025-03-21

Reason

Barclays

Theresa Chen

Price Target

$204 → $211

2025-03-21

Maintains

Buy

Reason

Barclays analyst Theresa Chen raised the firm's price target on Targa Resources to $211 from $204 and keeps an Overweight rating on the shares.

Truist Securities

Neal Dingmann

Strong Buy

Maintains

$220 → $235

2025-03-18

Reason

Truist Securities

Neal Dingmann

Price Target

$220 → $235

2025-03-18

Maintains

Strong Buy

Reason

Truist analyst Neal Dingmann raised the firm's price target on Targa Resources to $235 from $220 and keeps a Buy rating on the shares. The company has billions of dollars of largely fee-based projects in the hopper that will add over 1.7 Bcf/d of gas processing capacity in the Permian and over 1 MMBbl/d NGL transportation, fractionation, and export capacity, boosting earnings and free cash flow this year and next, the analyst tells investors in a research note.

Morgan Stanley

Robert Kad

Buy

Maintains

$202 → $244

2025-03-17

Reason

Morgan Stanley

Robert Kad

Price Target

$202 → $244

2025-03-17

Maintains

Buy

Reason

Morgan Stanley raised the firm's price target on Targa Resources to $244 from $202 and keeps an Overweight rating on the shares. After having recently hosted meetings with Targa senior management and clients in Europe, the firm believes shares remains undervalued relative to its "sector-leading" growth profile. The firm expects outperformance in the coming quarters on execution and resulting positive EBITDA estimate revisions, the analyst tells investors.

Scotiabank

Brandon Bingham

Buy

Maintains

$218 → $210

2025-03-06

Reason

Scotiabank

Brandon Bingham

Price Target

$218 → $210

2025-03-06

Maintains

Buy

Reason

Scotiabank lowered the firm's price target on Targa Resources to $210 from $218 and keeps an Outperform rating on the shares. The firm is updating its numbers and price targets on stocks in U.S. Midstream coverage following "mixed" Q4 results, the analyst tells investors. While the trajectory for the sector remains positive, near-term hits to free cash flow profiles and more muted returns have caused valuations to compress from recent highs, the firm adds.

RBC Capital

Elvira Scotto

Buy

Maintains

$220 → $221

2025-03-03

Reason

RBC Capital

Elvira Scotto

Price Target

$220 → $221

2025-03-03

Maintains

Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Targa Resources Corp (TRGP.N) is 21.79, compared to its 5-year average forward P/E of 11.44. For a more detailed relative valuation and DCF analysis to assess Targa Resources Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

11.44

Current PE

21.79

Overvalued PE

49.28

Undervalued PE

-26.40

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

9.63

Current EV/EBITDA

11.37

Overvalued EV/EBITDA

11.01

Undervalued EV/EBITDA

8.25

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

0.95

Current PS

1.67

Overvalued PS

1.45

Undervalued PS

0.45

Financials

Annual

Quarterly

FY2024Q4

YoY :

+6.93%

4.53B

Total Revenue

FY2024Q4

YoY :

+31.08%

822.00M

Operating Profit

FY2024Q4

YoY :

+15.77%

414.00M

Net Income after Tax

FY2024Q4

YoY :

+16.13%

1.44

EPS - Diluted

FY2024Q4

YoY :

+152.84%

601.00M

Free Cash Flow

FY2024Q4

YoY :

+15.40%

27.05

Gross Profit Margin - %

FY2024Q4

YoY :

-22.31%

4.11

FCF Margin - %

FY2024Q4

YoY :

+8.28%

9.15

Net Margin - %

FY2024Q4

YoY :

-4.77%

10.59

ROIC

Trading Trends

Insider

Insiders areSelling! The selling amount has increased 4736.91% over the last month.

Sold

0-3

Months

24.5M

USD

3-6

Months

13.3M

USD

6-9

Months

35.6M

USD

0-12

Months

8.4M

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

3.1M

Volume

6-9

Months

0.0

Volume

0-12

Months

6.6M

Volume

Bought

0-3

0.0

Volume

Months

3-6

151.8K

Volume

Months

6-9

0.0

Volume

Months

0-12

444.0K

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders areSelling! The selling amount has increased 4736.91% over the last month.

Sold

0-3

Months

24.5M

USD

3-6

Months

13.3M

USD

6-9

Months

35.6M

USD

0-12

Months

8.4M

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

TRGP News & Events

Events Timeline

2025-04-10 (ET)

2025-04-10

17:16:15

Targa Resources raises quarterly dividend to $1.00 from 75c per share

2025-04-03 (ET)

2025-04-03

06:52:47

MPLX, Enbridge partner with Targa on Traverse Pipeline final investment decision

2025-02-20 (ET)

2025-02-20

06:15:07

Targa Resources sees FY25 adjusted EBITDA $4.65B-$4.85B

News

8.0

04-11SeekingAlpha

Targa Resources raises dividend by 33% to $1 per share

8.0

04-10Newsfilter

Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2025 Earnings Webcast

8.0

04-10Business Insider

Targa Resources raises quarterly dividend to $1.00 from 75c per share

People Also Watch

Cass Information Systems Inc

New York Mortgage Trust Inc

Treace Medical Concepts Inc

KULR Technology Group Inc

1.350

USD

+2.27%

FAQ

What is Targa Resources Corp (TRGP) stock price today?

The current price of TRGP is 177.62 USD — it has increased 0.35 % in the last trading day.

TRGP

Market Estimates

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Trading Trends

TRGP News & Events

Events Timeline

News

People Also Watch

FAQ

What is Targa Resources Corp (TRGP) stock price today?

What is Targa Resources Corp (TRGP)'s business?

What is the price predicton of TRGP Stock?

What is Targa Resources Corp (TRGP)'s revenue for the last quarter?

What is Targa Resources Corp (TRGP)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Targa Resources Corp (TRGP)'s fundamentals?

How many employees does Targa Resources Corp (TRGP). have?

What is Targa Resources Corp (TRGP) market cap?