Erste Group Bank Predicts Targa Resources FY2026 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Equities research analysts at Erste Group Bank issued their FY2026 earnings estimates for shares of Targa Resources in a research report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel forecasts that the pipeline company will earn $10.80 per share for the year. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $10.75 per share. Erste Group Bank also issued estimates for Targa Resources’ FY2027 earnings at $12.22 EPS.

A number of other equities analysts have also commented on TRGP. Mizuho lifted their price objective on Targa Resources from $260.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Jefferies Financial Group initiated coverage on Targa Resources in a report on Thursday, June 18th. They set a “buy” rating and a $314.00 target price on the stock. Barclays raised their price target on Targa Resources from $270.00 to $282.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. UBS Group reaffirmed a “buy” rating and issued a $318.00 price target on shares of Targa Resources in a research note on Thursday, July 9th. Finally, Stifel Nicolaus set a $268.00 price objective on shares of Targa Resources in a research report on Friday, May 8th. Seventeen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $285.93.

Targa Resources Trading Down 0.2%

Shares of TRGP stock opened at $282.35 on Monday. The stock has a market cap of $60.60 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. Targa Resources has a 1 year low of $144.14 and a 1 year high of $286.25. The company has a current ratio of 0.72, a quick ratio of 0.62 and a debt-to-equity ratio of 5.64. The stock has a 50 day simple moving average of $268.40 and a 200 day simple moving average of $239.64.

Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, May 7th. The pipeline company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.27). Targa Resources had a return on equity of 71.00% and a net margin of 12.87%.The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.68 billion.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Woodline Partners LP lifted its stake in shares of Targa Resources by 40.7% in the 1st quarter. Woodline Partners LP now owns 18,423 shares of the pipeline company’s stock valued at $3,693,000 after acquiring an additional 5,327 shares during the last quarter. Focus Partners Wealth grew its position in Targa Resources by 157.4% during the 1st quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company’s stock worth $788,000 after acquiring an additional 2,404 shares during the last quarter. Baird Financial Group Inc. grew its position in Targa Resources by 6.3% during the 2nd quarter. Baird Financial Group Inc. now owns 3,697 shares of the pipeline company’s stock worth $644,000 after acquiring an additional 219 shares during the last quarter. Brown Advisory Inc. increased its holdings in Targa Resources by 13.1% in the 2nd quarter. Brown Advisory Inc. now owns 4,521 shares of the pipeline company’s stock worth $787,000 after purchasing an additional 524 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in Targa Resources by 11.0% in the 2nd quarter. Cerity Partners LLC now owns 31,881 shares of the pipeline company’s stock worth $5,550,000 after purchasing an additional 3,163 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Targa Resources

In related news, Director Charles R. Crisp sold 10,602 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total value of $2,713,687.92. Following the completion of the transaction, the director owned 66,492 shares of the company’s stock, valued at $17,019,292.32. This represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by corporate insiders.

Targa Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, July 31st. Targa Resources’s dividend payout ratio is currently 50.56%.

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.