Erste Group Bank Predicts Targa Resources FY2026 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Erste Group Bank issued their FY2026 earnings per share (EPS) estimates for Targa Resources in a note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel expects that the pipeline company will post earnings of $10.80 per share for the year. Erste Group Bank 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.

Other equities analysts have also recently issued reports about the company. UBS Group restated a “buy” rating and set a $318.00 target price on shares of Targa Resources in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Targa Resources from $291.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. The Goldman Sachs Group increased their price target on shares of Targa Resources from $242.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Morgan Stanley reissued an “overweight” rating and issued a $333.00 price objective on shares of Targa Resources in a research note on Tuesday. Finally, Barclays lifted their price objective on shares of Targa Resources from $270.00 to $282.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Seventeen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

Targa Resources Price Performance

TRGP stock opened at $280.32 on Monday. The business’s fifty day moving average price is $268.90 and its 200 day moving average price is $240.32. Targa Resources has a 12-month low of $144.14 and a 12-month 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 company has a market capitalization of $60.17 billion, a PE ratio of 28.34, a P/E/G ratio of 1.44 and a beta of 0.71.

Targa Resources (NYSE:TRGP) last released its quarterly 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 firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.68 billion.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRGP. Olistico Wealth LLC acquired a new stake in shares of Targa Resources in the 4th quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Targa Resources during the fourth quarter worth $27,000. Miller Capital Partners Inc. acquired a new position in shares of Targa Resources during the fourth quarter worth $30,000. Leonteq Securities AG purchased a new position in Targa Resources in the fourth quarter valued at $31,000. Finally, CoreCap Advisors LLC increased its holdings in Targa Resources by 245.9% in 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 last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Insider Activity at Targa Resources

In other news, Director Charles R. Crisp sold 10,602 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the completion of the transaction, the director directly owned 66,492 shares of the company’s stock, valued at approximately $17,019,292.32. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Targa Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, July 31st. Targa Resources’s dividend payout ratio (DPR) is presently 50.56%.

About Targa Resources

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.