$
0.000
0.000(0.000%)
  • Overview
  • Forecast
  • Valuation
Line
Line
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Candle
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
169.780
Open
168.850
VWAP
168.65
Vol
1.81M
Mkt Cap
36.57B
Low
167.240
Amount
305.28M
EV/EBITDA(TTM)
11.61
Total Shares
221.72M
EV
52.95B
EV/OCF(TTM)
14.20
P/S(TTM)
2.21
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
4.75B
+7.82%
--
--
4.56B
+18.5%
--
--
4.45B
+24.97%
--
--
Estimates Revision
The market is revising Downward the revenue expectations for Targa Resources Corp. (TRGP) for FY2025, with the revenue forecasts being adjusted by -0.52% over the past three months. During the same period, the stock price has changed by -19.51%.
Revenue Estimates for FY2025
Revise Downward
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-0.52%
In Past 3 Month
Stock Price
Go Down
down Image
-19.51%
In Past 3 Month
17 Analyst Rating
up Image
29.02% 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 217.50 USD with a low forecast of 193.00 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.
16 Buy
1 Hold
0 Sell
Strong Buy
up Image
29.02% Upside
Current: 168.580
sliders
Low
193.00
Averages
217.50
High
259.00
Citigroup
Spiro Dounis
Strong Buy
Maintains
$227 → $197
2025-05-09
Reason
RBC Capital
Elvira Scotto
Buy
Maintains
$199 → $191
2025-05-08
Reason
Goldman Sachs
John Mackay
Strong Buy
Maintains
$218 → $194
2025-05-05
Reason
Scotiabank
Brandon Bingham
Buy
Maintains
$201 → $199
2025-04-29
Reason
Scotiabank analyst Brandon Bingham lowered the firm's price target on Targa Resources to $199 from $201 and keeps an Outperform rating on the shares. The firm is fine tuning its Q1 estimates for U.S. Midstream stocks, the analyst tells investors. Despite the macro backdrop, the firm believes the broader thematic topics remain intact and sees this quarterly print as lower impact to equity prices compared to the outlook for the next 18 months.
Mizuho
Gabriel Moreen
Buy
Maintains
$226 → $218
2025-04-28
Reason
Mizuho lowered the firm's price target on Targa Resources to $218 from $226 and keeps an Outperform rating on the shares. The shares have underperformed on fears around the pace of associated gas growth in the Permian given prevailing macro uncertainty and the looming impact of a trade war that could damage demand for U.S. energy exports, the analyst tells investors in a research note. However, the firm remains optimistic on growth prospects at Targa given its increasing gas-oil ratios in the Permian and "strong visibility" to near-term volume growth that is unaffected by recent events.
Barclays
Theresa Chen
Buy
Maintains
$211 → $206
2025-04-09
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.

Valuation Metrics

The current forward P/E ratio for Targa Resources Corp (TRGP.N) is 20.89, compared to its 5-year average forward P/E of 13.00. For a more detailed relative valuation and DCF analysis to assess Targa Resources Corp 's fair value, click here.

Forward PE

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
13.00
Current PE
20.89
Overvalued PE
47.93
Undervalued PE
-21.93

Forward EV/EBITDA

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average EV/EBITDA
9.64
Current EV/EBITDA
10.86
Overvalued EV/EBITDA
11.02
Undervalued EV/EBITDA
8.25

Forward PS

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Overvalued
5Y Average PS
0.97
Current PS
1.89
Overvalued PS
1.47
Undervalued PS
0.46

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
25.0M
USD
8
6-9
Months
36.5M
USD
7
0-12
Months
15.9M
USD
12
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
3.1M
Volume
9
6-9
Months
0.0
Volume
0
0-12
Months
6.6M
Volume
22
Bought
0-3
0
0.0
Volume
Months
3-6
3
151.8K
Volume
Months
6-9
0
0.0
Volume
Months
0-12
8
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
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

TRGP News & Events

Events Timeline

2025-05-01 (ET)
2025-05-01
06:09:46
Targa Resources still sees 2025 adjusted EBITDA $4.65B-$4.85B
select
2025-05-01
06:08:27
Targa Resources reports Q1 revenue $4.56B, consensus $4.9B
select
2025-04-10 (ET)
2025-04-10
17:16:15
Targa Resources raises quarterly dividend to $1.00 from 75c per share
select
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News

3.0
05-08NASDAQ.COM
Guru Fundamental Report for TRGP
4.0
05-08NASDAQ.COM
Implied HDUS Analyst Target Price: $62
2.0
05-04Benzinga
Block, Becton Dickinson And Pilgrim's Pride Are Among Top 10 Large-Cap Losers Last Week (Apr 28-May 2): Are The Others In Your Portfolio?
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FAQ

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The current price of TRGP is 168.58 USD — it has decreased -0.54 % in the last trading day.

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