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TRGP Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
262.040
Open
259.880
VWAP
258.15
Vol
2.25M
Mkt Cap
55.50B
Low
253.815
Amount
580.35M
EV/EBITDA(TTM)
13.91
Total Shares
214.64M
EV
74.67B
EV/OCF(TTM)
20.17
P/S(TTM)
3.35
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 infrastructure assets. Its segments include Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs); and assets used for the gathering, terminaling and/or purchase and sale of crude oil. The Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products.
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Events Timeline

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News

seekingalpha
6.0
06-18seekingalpha
Targa Resources Initiated with Buy Rating and $314 Price Target by Jefferies
  • Initiation of Coverage: Jefferies has initiated coverage on Targa Resources (TRGP) with a Buy rating and a price target of $314, despite a 0.8% decline in stock price during Thursday's trading, indicating market caution regarding its growth potential.
  • Strong Growth Outlook: The analyst highlights that Targa's adjusted EBITDA compound annual growth rate stands at 11.2%, significantly surpassing the mid-single digits of the liquids group and high-single digits of the natural gas group, showcasing its competitive edge and sustainability in the midstream market.
  • Infrastructure Advantage: Targa's footprint in the Permian Basin and established sour-gas treating infrastructure in the Delaware Basin are expected to drive sustainable commercial success, providing the company with long-term cash flow and capital allocation flexibility, according to the analyst.
  • Future Growth Plans: The analyst anticipates that Targa will execute a growth model of three new plants per year post-FY 2028, with two already securing final investment decisions for Q1 2028, further bolstering market confidence in its sustained growth trajectory.
CNBC
6.0
06-18CNBC
Latest Wall Street Rating Updates
  • Apple Rating Reaffirmed: Bank of America reiterates Apple as a buy, believing that price increases are already reflected in the stock, anticipating that rising memory costs will force Apple to raise prices, impacting future earnings performance.
  • Nice Upgrade: DA Davidson upgrades Nice from neutral to buy, maintaining a $110 price target, arguing that concerns about AI disruption are overblown, suggesting a more optimistic outlook that could boost the company's stock price.
  • Immix Biopharma Initiation: Bank of America initiates coverage of Immix Biopharma with a buy rating and a $27 price target, citing the company's differentiated product offerings as a significant growth driver.
  • Salesforce Upgrade: Monness Crespi Hardt upgrades Salesforce from neutral to buy with a $200 price target, based on its depressed valuation, strong cash flow generation, and support for customer transformation, which are expected to drive stock price increases.
CNBC
2.0
06-16CNBC
Morgan Stanley Optimistic on Midstream Stocks Outlook
  • Middle East Impact: Morgan Stanley analysts note that investor caution towards midstream stocks stems from uncertainty in the Middle East, yet selective investments may present good entry points, particularly as oil prices have dipped to $75.52 per barrel.
  • Oil Price and Market Dynamics: Analyst Robert Kad highlights that while de-escalation of the Iran conflict may lead to near-term selling pressure on energy equities, global oil and refined product markets are experiencing pronounced deficits, with full normalization of trade flows not expected until late 2026 or early 2027.
  • Targa Resources Outlook: Morgan Stanley lists Targa Resources as a
Fool
7.5
06-15Fool
Natural Gas Market Investment Comparison: FLEX LNG vs Targa Resources
  • FLEX LNG Financial Overview: In FY 2025, FLEX LNG reported revenue of nearly $335.3 million, a decrease of about $17 million from the previous year, with a net income of approximately $74.8 million, reflecting a 36% decline, indicating the impact of market volatility on profitability, while its debt-to-equity ratio stands at 2.6, highlighting reliance on borrowed funds.
  • Targa Resources Growth Potential: Targa Resources achieved nearly $17.1 billion in revenue for FY 2025, reflecting a year-over-year growth rate of approximately 3.1%, with net income close to $1.85 billion and a net margin of about 10.8%, showcasing its strong position and profitability in the U.S. natural gas market.
  • Risk Comparison: FLEX LNG faces risks primarily from global shipping rate volatility and declining fleet utilization, while Targa Resources is sensitive to commodity price fluctuations and operational risks, particularly pipeline leaks and cybersecurity threats, which could adversely affect its financial health.
  • Future Outlook: Targa Resources is expected to see an 18% revenue increase in FY 2026, exceeding $20 billion, with net income projected at $2.58 billion, benefiting from rising global energy prices due to the Middle East conflict, whereas FLEX LNG may encounter short-term challenges due to an oversupply of LNG vessels in the market.
NASDAQ.COM
2.0
06-15NASDAQ.COM
Comparative Analysis of FLEX LNG and Targa Resources
  • FLEX LNG Financial Overview: FLEX LNG reported nearly $335.3 million in revenue for FY 2025, a decrease of about $17 million from the previous year, with a net income of approximately $74.8 million, reflecting a 36% decline, indicating pressure in the global LNG transport market.
  • Targa Resources Growth Potential: Targa Resources achieved nearly $17.1 billion in revenue for FY 2025, representing a year-over-year growth rate of approximately 3.1%, with net income close to $1.85 billion and a net margin of 10.8%, showcasing strong performance and stable profitability in the U.S. shale gas market.
  • Debt and Liquidity Analysis: FLEX LNG's debt-to-equity ratio stands at 2.6x, indicating reliance on borrowed funds, while Targa's ratio is significantly higher at 5.7x, with a current ratio of 0.7, suggesting that short-term liabilities exceed current assets, potentially impacting financial flexibility.
  • Market Risks and Outlook: FLEX LNG faces risks from global shipping rate volatility and disruptions in international trade routes, whereas Targa Resources is sensitive to commodity price fluctuations and operational hazards, making their future performance in changing market conditions a point of interest.
Yahoo Finance
6.5
05-29Yahoo Finance
Bill Nygren's Investment Moves in Q1 2026
  • New Additions: Bill Nygren added a total of seven stocks in Q1 2026, with Netflix Inc being the largest addition at 3,676,500 shares, accounting for 1.51% of the portfolio and valued at $353.5 million, indicating a continued bullish outlook on the streaming industry.
  • Significant Increases: Nygren increased stakes in 15 stocks, notably Fiserv Inc, with an additional 5,067,100 shares representing a 104.28% increase, bringing total holdings to 9,926,200 shares, reflecting strong confidence in the fintech sector.
  • Complete Exits: In Q1 2026, Nygren completely exited four holdings, including Deere & Co and APA Corp, which impacted the portfolio by -1.49% and -0.52% respectively, indicating a cautious stance on these sectors' outlooks.
  • Reduction Dynamics: Nygren reduced positions in 21 stocks, particularly Warner Bros. Discovery Inc, where he cut 9,088,000 shares, resulting in a 46.78% decrease and a -1.08% impact on the portfolio, reflecting concerns about the media industry's prospects.
Wall Street analysts forecast TRGP stock price to rise
8 Analyst Rating
Wall Street analysts forecast TRGP stock price to rise
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
188.00
Averages
214.75
High
266.00
Current: 0.000
sliders
Low
188.00
Averages
214.75
High
266.00
Jefferies
NULL
to
Buy
initiated
$314
AI Analysis
2026-06-18
New
Reason
Jefferies
Price Target
$314
AI Analysis
2026-06-18
New
initiated
NULL
to
Buy
Reason
Jefferies initiated coverage of Targa Resources with a Buy rating and $314 price target. The firm has conviction that Targa will sustain its premium growth through FY30, noting that consensus is yet to underwrite the full potential, particularly in FY29 and FY30. The premium growth profile is more durable than the Street's expectation, argues the analyst, who sees "clear upside to consensus estimates" in FY28 and beyond.
Citi
Buy
maintain
$262 -> $303
2026-05-27
Reason
Citi
Price Target
$262 -> $303
2026-05-27
maintain
Buy
Reason
Citi raised the firm's price target on Targa Resources to $303 from $262 and keeps a Buy rating on the shares. The firm upped the company's EBITDA estimates to reflect marketing and export upside as well as an improved commodity outlook. Target is positioned for double-digit near-term growth, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for TRGP
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Valuation Metrics

The current forward P/E ratio for Targa Resources Corp (TRGP.N) is 23.64, compared to its 5-year average forward P/E of 17.78. 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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
17.78
Current PE
23.64
Overvalued PE
21.81
Undervalued PE
13.75

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
9.84
Current EV/EBITDA
11.77
Overvalued EV/EBITDA
11.29
Undervalued EV/EBITDA
8.40

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.29
Current PS
2.44
Overvalued PS
1.89
Undervalued PS
0.69

Financials

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Whales Holding TRGP

A
ARS Investment Partners, LLC
Holding
TRGP
+37.81%
3M Return
E
Eventide Asset Management, LLC
Holding
TRGP
+30.67%
3M Return
D
D. E. Shaw & Co., L.P.
Holding
TRGP
+28.69%
3M Return
H
Hennion & Walsh Asset Management, Inc.
Holding
TRGP
+20.68%
3M Return
N
Neuberger Berman Investment Advisers LLC
Holding
TRGP
+13.09%
3M Return
W
Wellington Management Group
Holding
TRGP
+12.55%
3M Return

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Frequently Asked Questions

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

The current price of TRGP is 258.58 USD — it has decreased -0.83

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

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 infrastructure assets. Its segments include Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs); and assets used for the gathering, terminaling and/or purchase and sale of crude oil. The Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products.

What is the price predicton of TRGP Stock?

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 is214.75 USD with a low forecast of 188.00 USD and a high forecast of 266.00 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.

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

Targa Resources Corp revenue for the last quarter amounts to 4.34B USD, decreased -10.60

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

Targa Resources Corp. EPS for the last quarter amounts to 2.21 USD, increased 142.86

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

Targa Resources Corp (TRGP) has 3570 emplpoyees as of June 20 2026.

What is Targa Resources Corp (TRGP) market cap?

Today TRGP has the market capitalization of 55.50B USD.