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Targa Resources TRGP

US equityMarket cap rank #264Oil & Gas MidstreamNatural Gas
$283.56
+$0.55 (+0.19%)
Market open · Sep 24, 2:00 pm ET
After hours $283.01 0.00%
Open$285.08
Prev close$283.01
Day range$281.41 – $285.78
Volume440.4K
Market cap$60.80B
P/E (TTM)27.1
Dividend yield1.50%

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

TRGP at a glance

TRGP last changed hands at $283.56 (up 0.19%). At $60.80B, Targa Resources is ranked #264 by size among the 300 stocks on BeStock.

Over the past 52 weeks it has traded between $141.11 and $307.94, so it sits 7.9% below the top of that range. Holders are ahead 68.2% over twelve months, and up 7.0% across the last three months.

On the chart it holds above both the 50-day ($281.69) and 200-day ($243.33) moving averages; RSI is 52, and the last 30 sessions moved at roughly 31% annualized volatility.

For the quarter ended Jun 2026 it reported $4.44B in revenue, up 4.2% from a year earlier, with $777.70M of net profit (a 13.5% margin).

Buyers are paying 27.1 times trailing earnings. The median for its industry group is 20.7.

16 analysts follow the stock and the average call is "buy". The mean target, $321.43, sits 13.4% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

Targa Resources: the business

Targa Resources gathers and processes natural gas in the Permian Basin and moves natural gas liquids to the Gulf Coast.

What tends to move it. Permian production volumes and its export capacity determine growth.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
+0.2%
1 week
-0.4%
1 month
-3.6%
3 months
+7.0%
6 months
+16.3%
Year to date
+56.0%
1 year
+68.2%
Day range
$281.41$285.78
52-week range
$141.11$307.94

Technical signals

Full technicals →
Trend readLeaning bullish

4 bullish · 3 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average-2.2%Bearish
Price vs 50-day average+0.7%Bullish
Price vs 200-day average+16.5%Bullish
50-day vs 200-day50d above 200dBullish
RSI (14)52.4Bullish
MACD (12,26,9)1.21Bearish
Bollinger band position7%Bearish

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$283.53 / $283.80
Average price today$284.22
Volume440.4KAvg (90d) 1.22M
Turnover$125.17M
Turnover rate0.21%of shares outstanding
Volume ratio0.39vs. recent average pace
Day amplitude1.54%
Market cap$60.80B
Float market cap$59.83B
Shares outstanding211.00M
EPS (TTM)$8.49
P/E (TTM)27.11
P/B16.63
Book value / share$17.05
Earnings yield0.61%
Dividend (TTM)$4.25 / shareYield 1.50%
Net profit (TTM)$1.82B
Net assets$3.66B
30-day volatility31.2%annualized
Avg daily range (ATR)2.59%of price, 14 days
Max drawdown (1y)-16.0%-6.2% from 1y peak

Quote as of Sep 24, 2026 2:00 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How TRGP ranks on BeStock

Market value#264 of 300
P/E (cheapest = 1)#184 of 283
Dividend yield#145 of 244
Closeness to 52-week high#73 of 300
Dollar volume today#234 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026

Revenue$4.44B+4.2% YoY
Operating profit$1.23B+19.4% YoY
Net profit$777.70M+22.0% YoY
Diluted EPS$3.54+23.3% YoY
Free cash flow$431.20M+1,002.1% YoY
Operating cash flow$1.44B

Revenue, last 8 quarters

$3.9BSep '24$4.4BDec '24$4.6BMar '25$4.3BJun '25$4.2BSep '25$4.1BDec '25$4.1BMar '26$4.4BJun '26

Net profit, last 8 quarters

$448.1MSep '24$414.0MDec '24$279.8MMar '25$637.2MJun '25$486.6MSep '25$553.1MDec '25$487.4MMar '26$777.7MJun '26

Profitability & balance sheet

Gross margin33.3%
Operating margin22.9%
Net margin13.5%
Return on equity72.3%
Return on assets8.7%
Return on invested capital13.9%
Current ratio0.77
Liabilities / assets86.7%
Cash & investments$132.30M
Total debt$19.47B
Net cash (debt)-$19.34B
Free cash flow / sales4.4%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Logistics and Transportation$3.50B 71.2%
  • Gathering and Processing$1.31B 26.7%
  • Other$103.10M 2.1%
Average move on report day±3.2%last 16 reports
Closed higher12 of 1675% of the time
Best reaction+7.2%
Worst reaction-5.0%

Stock move on the day after each report

+4.8%2024/Q3-2.7%2024/Q4-5.0%2025/Q1+2.4%2025/Q2+5.3%2025/Q3-1.5%2025/Q4+1.2%2026/Q1+3.1%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings27.7x
CheapRich

Around its usual level · 49th percentile, 5-year average -15.3x

#1976 of 2977 stocks by PE (1 = cheapest)

Price / book17.0x
CheapRich

Near the top of its 5-year range · 89th percentile, 5-year average 10.8x

#5045 of 5304 stocks by PB (1 = cheapest)

Price / sales3.7x
CheapRich

Near the top of its 5-year range · 99th percentile, 5-year average 1.7x

#3391 of 5143 stocks by PS (1 = cheapest)

P/E over five years

-1,178x-687x-195x296xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$246.02
Price vs. fair value+15.3%Trading above the estimate
Star rating★☆☆☆☆
Economic moatWide
UncertaintyMedium

Analyst view

All ratings →
ConsensusBuy
Analysts16
Average target$321.43+13.4% vs. price
  • Buy 94%
  • Hold 6%
Low $275.00Now $283.56Avg $321.43High $351.00

Latest rating actions

  • 11 Sep 2026Mizuho SecuritiesBUY · PT $320.00
  • 10 Sep 2026ScotiabankBUY · PT $314.00
  • 10 Sep 2026StifelBUY · PT $340.00
  • 9 Sep 2026StifelBUY · PT $340.00
  • 2 Sep 2026Wells FargoBUY · PT $324.00

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership98.0%+0.01 pts vs. prior quarter
Institutions holding1,280-3 vs. prior quarter
Insider trades (recent)3 buys / 8 sellsNet selling
Short interest2.50% of floatDays to cover 3.6 · as of 31 Aug 2026
Short-sale volume share25.8%5-day average of daily volume

Short-sale volume as % of daily volume

17%22%27%32%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: +$24.48M (11 inflow days, 9 outflow days).

Dividends

Dividend yield (TTM)1.50%
Last dividend$1.25Ex-date 31 Jul 2026
Next-to-last$1.25
Payments on file40

Dividends paid per share, by year

3.6420173.6420183.6420191.2120201.4020221.8520232.7520243.752025

Across the full calendar years shown, the annual payout grew by roughly 0.4% a year.

Latest headlines

More news →
  • Wells Fargo Maintains Targa Resources(TRGP.US) With Buy Rating, Maintains Target Price $324Market news · 2 Sep 2026
  • Wells Fargo Maintains Targa Resources(TRGP.US) With Buy Rating, Raises Target Price to $324Market news · 2 Sep 2026
  • Mizuho Securities Maintains Targa Resources(TRGP.US) With Buy Rating, Raises Target Price to $320Market news · 11 Sep 2026
  • Scotiabank Maintains Targa Resources(TRGP.US) With Buy Rating, Raises Target Price to $314Market news · 10 Sep 2026
  • Stifel Initiates Targa Resources(TRGP.US) With Buy Rating, Announces Target Price $340Market news · 10 Sep 2026
  • Stifel Maintains Targa Resources(TRGP.US) With Buy Rating, Maintains Target Price $340Market news · 10 Sep 2026

TRGP stock: common questions

What is TRGP's latest share price?

$283.56 is the latest print for TRGP, a move of +0.19% against yesterday's close of $283.01. Today's low and high so far: $281.41 and $285.78.

How big is Targa Resources?

Equity value comes to $60.80B at the current price. By that measure it is number 264 of the 300 names in our coverage.

Is TRGP expensive on earnings?

Buyers pay 27.1 times the last twelve months of profit (EPS $8.49).

Where does TRGP sit in its 52-week range?

The year's floor is $141.11 and the ceiling $307.94. Shares are 7.9% away from that ceiling.

Does TRGP send cash back through a dividend?

It does. Payouts over the past twelve months work out to a 1.50% yield; the latest ex-dividend date was July 31, 2026.

What is the analyst view on Targa Resources?

Of 16 analysts, 94% say buy, 6% hold and 0% sell. Price targets average $321.43, with the most cautious at $275.00 and the most optimistic at $351.00.

What does Targa Resources do?

Targa Resources gathers and processes natural gas in the Permian Basin and moves natural gas liquids to the Gulf Coast.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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