Targa Resources (TRGP) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Targa Resources (NYSE: TRGP) in the last few weeks:

• 10/29/2026 – Targa Resources was upgraded by Weiss Ratings from “buy (b+)” to “buy (a-)”.
• 10/21/2026 – Targa Resources had its price target raised by BMO Capital Markets from $303.00 to $328.00. They now have an “outperform” rating on the stock.
• 10/20/2026 – Targa Resources had its “strong-buy” rating reaffirmed by Raymond James Financial. They now have a $340.00 price target on the stock.
• 10/15/2026 – Targa Resources had its “outperform” rating reaffirmed by Scotiabank. They now have a $319.00 price target on the stock.
• 10/15/2026 – Targa Resources had its “buy” rating reaffirmed by Jefferies Financial Group. They now have a $326.00 price target on the stock.
• 10/14/2026 – Targa Resources was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
• 10/13/2026 – Targa Resources had its “buy” rating reaffirmed by The Goldman Sachs Group. They now have a $322.00 price target on the stock.
• 10/13/2026 – Targa Resources had its price target raised by Citigroup from $303.00 to $325.00. They now have a “buy” rating on the stock.
• 10/12/2026 – Targa Resources had its price target raised by Citigroup from $303.00 to $325.00. They now have a “buy” rating on the stock.
• 10/9/2026 – Targa Resources was given a new $335.00 price target by Stifel Nicolaus.
• 10/8/2026 – Targa Resources had its price target raised by Barclays from $284.00 to $294.00. They now have an “overweight” rating on the stock.
• 9/29/2026 – Targa Resources had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 9/22/2026 – Targa Resources had its price target raised by Capital One Financial from $310.00 to $335.00. They now have an “overweight” rating on the stock.
• 9/21/2026 – Targa Resources had its “buy” rating reaffirmed by Truist Financial. They now have a $345.00 price target on the stock, up from $312.00.
• 9/18/2026 – Targa Resources was upgraded by TD Cowen from “hold” to “buy”. They now have a $350.00 price target on the stock, up from $275.00.
• 9/16/2026 – Targa Resources had its price target raised by Morgan Stanley from $343.00 to $359.00. They now have an “overweight” rating on the stock.
• 9/11/2026 – Targa Resources had its price target raised by Mizuho from $300.00 to $320.00. They now have an “outperform” rating on the stock.
• 9/10/2026 – Targa Resources had its price target raised by Scotiabank from $257.00 to $314.00. They now have an “outperform” rating on the stock.
• 9/10/2026 – Targa Resources is now covered by Stifel Nicolaus. They set a “buy” rating and a $340.00 price target on the stock.

Targa Resources Price Performance

Shares of TRGP stock traded down $14.07 during trading hours on Wednesday, hitting $284.49. 2,046,979 shares of the company’s stock were exchanged, compared to its average volume of 1,296,757. The company has a market capitalization of $61.00 billion, a PE ratio of 27.20, a PEG ratio of 1.22 and a beta of 0.76. Targa Resources, Inc. has a 12-month low of $156.26 and a 12-month high of $316.60. The business’s 50 day simple moving average is $290.31 and its 200-day simple moving average is $260.01. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings data on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.71. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. On average, equities research analysts anticipate that Targa Resources, Inc. will post 11.42 earnings per share for the current year.

Targa Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, October 30th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.00 annualized dividend and a yield of 1.8%. Targa Resources’s payout ratio is currently 47.80%.

Insider Buying and Selling at Targa Resources

In other Targa Resources news, Director Charles R. Crisp sold 3,000 shares of Targa Resources stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total value of $870,690.00. Following the transaction, the director directly owned 62,292 shares of the company’s stock, valued at $18,079,007.16. The trade was a 4.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Waters S. Iv Davis sold 2,400 shares of Targa Resources stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $299.67, for a total value of $719,208.00. Following the completion of the transaction, the director directly owned 1,529 shares in the company, valued at $458,195.43. This trade represents a 61.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,216 shares of company stock worth $2,127,634 over the last three months. Company insiders own 1.37% of the company’s stock.

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.