Brokers Offer Predictions for Targa Resources Q3 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Stock analysts at US Capital Advisors lowered their Q3 2026 EPS estimates for shares of Targa Resources in a report issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $2.51 per share for the quarter, down from their prior estimate of $2.52. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $11.05 per share. US Capital Advisors also issued estimates for Targa Resources’ Q4 2026 earnings at $2.69 EPS, Q1 2027 earnings at $2.67 EPS, Q2 2027 earnings at $2.62 EPS, Q3 2027 earnings at $2.76 EPS, Q4 2027 earnings at $3.01 EPS, FY2027 earnings at $11.05 EPS and FY2028 earnings at $12.73 EPS.

Targa Resources (NYSE:TRGP) last released its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.83 by $0.71. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.90 billion. Targa Resources had a net margin of 13.55% and a return on equity of 69.26%.

A number of other brokerages have also recently issued reports on TRGP. Royal Bank Of Canada raised their price objective on Targa Resources from $310.00 to $312.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Seaport Research Partners restated a “neutral” rating on shares of Targa Resources in a research report on Monday, May 4th. Scotiabank lifted their price target on Targa Resources from $249.00 to $257.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Wells Fargo & Company increased their price objective on Targa Resources from $270.00 to $282.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Barclays raised their target price on shares of Targa Resources from $282.00 to $284.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $297.18.

Targa Resources Stock Performance

Targa Resources stock opened at $301.99 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 5.01. The company has a market capitalization of $64.76 billion, a PE ratio of 28.87, a P/E/G ratio of 1.44 and a beta of 0.72. The firm has a fifty day simple moving average of $271.43 and a two-hundred day simple moving average of $253.78. Targa Resources has a twelve month low of $144.14 and a twelve month high of $306.73.

Institutional Trading of Targa Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new position in Targa Resources in the 2nd quarter worth $32,000. Compass Financial Management LLC bought a new stake in shares of Targa Resources during the 2nd quarter valued at about $33,000. CoreCap Advisors LLC increased its position in shares of Targa Resources by 245.9% during the second quarter. CoreCap Advisors LLC now owns 128 shares of the pipeline company’s stock valued at $34,000 after buying an additional 91 shares during the period. Virtus Advisers LLC purchased a new position in shares of Targa Resources during the second quarter valued at about $35,000. Finally, Atlantic Union Bankshares Corp bought a new position in Targa Resources in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Targa Resources’s payout ratio is 47.80%.

Targa Resources News Roundup

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: Jefferies initiated or reiterated a Buy rating on Targa Resources, providing a positive signal from Wall Street and reinforcing confidence in the company’s long-term growth outlook. Targa Resources Gets a Buy from Jefferies
• Neutral Sentiment: US Capital Advisors maintained a Moderate Buy rating, but reduced its EPS forecasts across nearly every reported period. Estimates were lowered for Q3 and Q4 2026, all quarters of 2027, FY2027 and FY2028.
• Negative Sentiment: The most significant reductions were to FY2027 EPS, now forecast at $11.05 versus $11.75 previously, and FY2028 EPS, now expected at $12.73 versus $13.42. The cuts suggest analysts see somewhat weaker earnings momentum than previously anticipated.
• Negative Sentiment: With TRGP near its 52-week high following a strong rally, Zacks highlighted risks including a premium valuation, heavy capital spending and moderating gains from its marketing business. Those concerns may encourage profit-taking despite the favorable analyst rating. Targa Resources Stock Near 52-Week High: Time to Lock in Gains?

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.