TRGP
Targa Resources Corp
$
165.600
- Overview
- Forecast
- Valuation
- Earnings
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
166.520
Open
166.520
VWAP
165.66
Vol
1.28M
Mkt Cap
35.92B
Low
165.280
Amount
212.24M
EV/EBITDA(TTM)
11.42
Total Shares
221.72M
EV
52.10B
EV/OCF(TTM)
13.98
P/S(TTM)
2.16
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.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2025Q3
FY2025Q2
5.34B
+21.17%
--
--
4.99B
+29.52%
--
--
4.77B
+33.92%
--
--
Estimates Revision
The market is revising Downward the revenue expectations for Targa Resources Corp. (TRGP) for FY2025, with the revenue forecasts being adjusted by -7.82% over the past three months. During the same period, the stock price has changed by -7.62%.
Revenue Estimates for FY2025
Revise Downward
-7.82%
In Past 3 Month
Stock Price
Go Down
-7.62%
In Past 3 Month
13 Analyst Rating
24.35% 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 205.92 USD with a low forecast of 178.00 USD and a high forecast of 244.00 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.
13 Buy
0 Hold
0 Sell
Strong Buy
24.35% Upside
Current: 165.600
Low
178.00
Averages
205.92
High
244.00
24.35% Upside
Current: 165.600
Low
178.00
Averages
205.92
High
244.00
JPMorgan
Overweight
maintain
$189 -> $209
2025-07-10
Reason
JPMorgan
Price Target
$189 -> $209
2025-07-10
maintain
Overweight
Reason
JPMorgan raised the firm's price target on Targa Resources to $209 from $189 and keeps an Overweight rating on the shares as part of a Q2 preview. The firm marked to market commodity prices and believes the company's producer activity is intact.
TD Securities
Hold
initiated
$192
2025-07-07
Reason
TD Securities
Price Target
$192
2025-07-07
initiated
Hold
Reason
TD Securities initiated coverage of Targa Resources with a Hold rating and $192 price target. The firm believes the company is insulated from headwinds along the Permian natural gas liquid well-to-water value chain. However, Targa's growth is priced in after the stock more than doubled in 2024, the analyst tells investors in a research note.
RBC Capital
Elvira Scotto
Outperform
maintain
$191 -> $205
2025-06-26
Reason
RBC Capital
Elvira Scotto
Price Target
$191 -> $205
2025-06-26
maintain
Outperform
Reason
RBC Capital analyst Elvira Scotto raised the firm's price target on Targa Resources to $205 from $191 and keeps an Outperform rating on the shares. After hosting the company's management team, the firm is more positive on Targa and believes a disconnect exists between the stock price and the company's strong fundamentals along with its ability to return cash to shareholders, the analyst tells investors in a research note. RBC adds it is forecasting higher volumes as Targa has not observed any material changes in production plans from producer customers in the Permian, despite crude oil price volatility.
Scotiabank
Outperform
maintain
$193 -> $197
2025-06-05
Reason
Scotiabank
Price Target
$193 -> $197
2025-06-05
maintain
Outperform
Reason
Scotiabank raised the firm's price target on Targa Resources to $197 from $193 and keeps an Outperform rating on the shares. The firm is rolling forward its target valuation year to 2027 and introducing its estimates for 2028 for stocks in the U.S. Midstream sector, the analyst tells investors. Scotiabank still expects units to remain range bound with limited catalysts on the horizon.
Barclays
Overweight
downgrade
$206 -> $178
2025-05-20
Reason
Barclays
Price Target
$206 -> $178
2025-05-20
downgrade
Overweight
Reason
Barclays lowered the firm's price target on Targa Resources to $178 from $206 and keeps an Overweight rating on the shares. The firm adjusted estimates in midstream and refining to reflect updated commodities information and other updated company-specific assumptions.
Mizuho
Gabriel Moreen
Outperform
downgrade
$218 -> $212
2025-05-20
Reason
Mizuho
Gabriel Moreen
Price Target
$218 -> $212
2025-05-20
downgrade
Outperform
Reason
Mizuho analyst Gabriel Moreen lowered the firm's price target on Targa Resources to $212 from $218 and keeps an Outperform rating on the shares. The firm updated midstream estimates post the Q1 reports. Midstream's Q1 reporting cycle seemed to confirm that the near-term outlook across the group is mostly unchanged, but investors will focus on posturing around growth in fiscal 2026 and beyond, the analyst tells investors in a research note.
See All Ratings
Valuation Metrics
The current forward P/E ratio for Targa Resources Corp (TRGP.N) is 20.18, compared to its 5-year average forward P/E of 18.40. 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.
Fair
5Y Average PE
18.40
Current PE
20.18
Overvalued PE
23.20
Undervalued PE
13.59
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.
Fair
5Y Average EV/EBITDA
9.65
Current EV/EBITDA
10.67
Overvalued EV/EBITDA
11.04
Undervalued EV/EBITDA
8.26
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
1.00
Current PS
1.69
Overvalued PS
1.52
Undervalued PS
0.49
Financials
Annual
Quarterly
FY2025Q1
YoY :
+5.55%
4.85B
Total Revenue
FY2025Q1
YoY :
+24.07%
836.70M
Operating Profit
FY2025Q1
YoY :
-15.87%
279.80M
Net Income after Tax
FY2025Q1
YoY :
-25.41%
0.91
EPS - Diluted
FY2025Q1
YoY :
-21.49%
162.20M
Free Cash Flow
FY2025Q1
YoY :
+11.90%
25.29
Gross Profit Margin - %
FY2025Q1
YoY :
+77.93%
3.79
FCF Margin - %
FY2025Q1
YoY :
-20.19%
5.77
Net Margin - %
FY2025Q1
YoY :
+3.19%
10.35
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
3.2M
USD
1
3-6
Months
24.5M
USD
7
6-9
Months
13.3M
USD
6
0-12
Months
35.6M
USD
10
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
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
0
3-6
Months
636.2K
Volume
6
6-9
Months
3.1M
Volume
9
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
3
185.6K
Volume
Months
6-9
3
151.8K
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
3.2M
USD
1
3-6
Months
24.5M
USD
7
6-9
Months
13.3M
USD
6
0-12
Months
35.6M
USD
10
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
TRGP News & Events
Events Timeline
2025-07-15 (ET)
2025-07-15
09:36:41
Targa Resources price target raised to $201 from $197 at Scotiabank
2025-05-01 (ET)
2025-05-01
06:09:46
Targa Resources still sees 2025 adjusted EBITDA $4.65B-$4.85B
2025-05-01
06:08:27
Targa Resources reports Q1 revenue $4.56B, consensus $4.9B
Sign Up For More Events
Sign Up For More Events
News
4.0
07-15BenzingaRBC Capital Reiterates Outperform on Targa Resources, Maintains $205 Price Target
8.0
07-14TipRanksAnalysts Scramble to Upgrade Targa Resources Stock (TRGP) After 733% Dividend Increase
8.0
07-11NASDAQ.COMDaily Dividend Report: R, TMO, PSX, TRGP
Sign Up For More News
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FAQ
What is Targa Resources Corp (TRGP) stock price today?
The current price of TRGP is 165.6 USD — it has decreased -0.02 % in the last trading day.
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?