Stock·NYSE·Energy
Targa Resources Corp (TRGP)
- Market cap
- $63.24B
- P/E
- 27.22
- Dividend yield
- 1.53%
- Street target
- $325.00median of 22 analysts
- 52-week range
- $149.01 $307.94
The short version
Where TRGP stands today, in four lines, and what CleaRank Financial AI makes of it.
TRGP at a glance
Targa Resources Corp (TRGP): Buy, 63/100 on CleaRank's AI score.
- Trend Up: the price is above both its 50- and 200-day moving averages ($285.55 and $253.53).
- Earnings TRGP beat estimates in 6 of its last 8 quarters, yet fell the next day after 3 of those beats.
- Insiders Insiders sold $40.8M and made no open-market purchases over the last 18 months.
- Valuation P/E of 27.2 against 18.4 for the Energy sector: a premium to peers (+48%).
Figures as of October 17, 2026.
CleaRank Financial AI
Targa Resources Corp (TRGP) carries a CleaRank rating of Buy and a model score of 63/100.
Its trend contributes the most to that score: the price is 16.32% above its 200-day average and 3.27% above its 50-day average, and the 50-day average is 12.63% above the 200-day. Slow revenue growth pulls hardest in the other direction, with revenue up 4.20%, 28.6 percentage points slower than the sector median. The 50-day average is $285.55 and the 200-day is $253.53, while the price has risen 101.57% over the past year.
Only on CleaRank
Figures we compute ourselves from TRGP's own price, earnings and insider-filing history. Tap one to see it in context.
Price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
4/4Price above its 50-day average ›
The price of $294.90 is 3.3% above the 50-day simple moving average of $285.55.Price above its 200-day average ›
The price is 16.3% above the 200-day simple moving average of $253.53.50-day average above the 200-day ›
The 50-day average ($285.55) is 12.6% above the 200-day average ($253.53), the arrangement of a rising longer-term trend.In the upper half of its 52-week range ›
The price sits at 92% of its 52-week range, between $149.01 and $307.94.
TRGP share price
Pick a period: each tab shows how far TRGP has moved over it, to the last close.
Today's trading
Where TRGP sits inside today's range and its 52-week range.
Fundamentals
Valuation against the sector, and the revenue and earnings behind it.
Valuation and quality checks
3/5P/E below the sector median ›
The trailing P/E of 27.22 is 47.9% above the Energy median of 18.4.P/S below the sector median ›
The price-to-sales ratio of 3.62 is 44.8% above the sector median of 2.5.Profitable over the last 12 months ›
Net income over the last 12 months was $2.3B on revenue of $16.7B, a net margin of 13.5%.Beat estimates in most recent reports ›
TRGP beat the EPS estimate in 6 of its last 8 reports.Pays a dividend ›
The trailing dividend yield is 1.53%, or $4.50 a share a year.
Key statistics
The headline figures for TRGP.
As of October 17, 2026, TRGP trades at $294.90, with a market value of $63.24B, a P/E ratio of 27.22 and a dividend yield of 1.53%.
What the numbers say
CleaRank Financial AI's reading of TRGP's valuation, growth and risks.
Targa Resources Corp (TRGP) carries a trailing P/E of 27.22, which is 47.9% above the Energy sector median of 18.4; the peer comparison on this page labels the P/E a premium to peers. Measured against sales, the P/S of 3.62 is 44.8% above the sector median of 2.5. To put the earnings side in context, TRGP posted trailing earnings of $10.38 per share.
Revenue rose 4.20% in the latest year, which is 28.6 percentage points slower than the sector median of 32.8%. On profitability, TRGP posts a net margin of 13.55% and an operating margin of 27.80%. Its return on equity of 70.84% is above the sector median of 14.2%. Rounding out the picture are debt-to-equity of 5.16 and a trailing dividend yield of 1.53%, equal to $4.50 a share a year.
Targa Resources Corp's August 6, 2026 report came in ahead of forecasts, with EPS of $3.25 versus an estimate of $2.84, a beat of 14.44%. The share price nonetheless dropped 4.24% in the first session after the release.
Across the earnings record, TRGP has beaten estimates in 6 of the last 8 reports, yet a beat has not reliably meant a rise: the stock fell the next session after 3 of those 6 beats. Looking further back, the stock rose 4.42% after the November 5, 2025 report, which beat the estimate by 10.55%. For this fiscal year, analysts average an EPS estimate of $11.49, growth of 27.7%. Their figure for next year is $12.04, growth of 4.8%.
The valuation leaves less room for error, since the P/E of 27.22 sits 47.9% above the sector median and is a premium to peers. TRGP's daily moves average 1.61%, so day-to-day swings are the first thing to plan around. Insiders sold $40.8M of stock over the last 18 months and made no open-market purchases. Insider sales are often planned in advance or made to cover tax on vesting shares, which makes them a weaker signal than buying.
TRGP against the Energy sector
How TRGP compares with the median Energy stock CleaRank tracks.
Price to earnings vs sector: TRGP trades at a significant premium to sector peers (+48%), suggesting market expectations for superior growth or market position.
Return vs XLE: Since May 6, 2025, TRGP has gained 87.5% against a gain of 69.5% for XLE.
Performance against XLE
TRGP and the Energy sector fund over the same days.
Revenue and earnings
How much TRGP sells, and how much of it becomes profit.
Revenue growth: Revenue grew 3.9% in FY2025 to $17.0B, from $16.4B a year earlier.
Profit margin: The net margin was 11.5% in FY2025, up from 9.5% the year before.
Profitable: TRGP earned $2.0B in FY2025.
Earnings reality check
Did TRGP beat what analysts expected, and how did the stock react?
Earnings record: TRGP beat the analyst estimate in 6 of the last 8 quarters.
Market reaction: The stock fell in the first session after 3 of those 6 beats, so a beat has not been enough on its own.
| Report | Estimate | Actual | Surprise | First session | 5 sessions |
|---|---|---|---|---|---|
| Aug 6, 2026after close | $2.84 | $3.25 | +14.44% | -4.24% | -0.50% |
| May 7, 2026after close | $2.57 | $2.76 | +7.39% | -1.71% | +5.96% |
| Feb 19, 2026after close | $2.40 | $2.69 | +12.08% | +3.21% | +3.15% |
| Nov 5, 2025after close | $2.18 | $2.41 | +10.55% | +4.42% | +4.85% |
| Aug 7, 2025after close | $1.98 | $2.02 | +2.02% | -1.08% | -0.83% |
| May 1, 2025after close | $2.04 | $1.89 | -7.35% | -0.29% | -1.41% |
| Feb 19, 2025after close | $1.91 | $1.46 | -23.56% | -2.66% | -5.57% |
| Nov 4, 2024after close | $1.56 | $1.75 | +12.18% | +4.85% | +15.22% |
As of October 17, 2026, TRGP has beaten the analyst EPS estimate in 6 of its last 8 reported quarters and fell in the first trading session after 3 of those beats; its latest report, on August 6, 2026, came in 14.44% above the estimate and the stock moved -4.24% in the first session.
The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.
AI analysis and technicals
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
3/3RSI not overbought or oversold ›
The 14-day RSI is 58.1, in neutral territory.RSI above 50 ›
An RSI of 58.1 is above the 50 midpoint, so buyers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is positive, so the 12-day average is above the 26-day average.
CleaRank AI analysis of TRGP
The score, the reasoning behind it, and what could move the price next.
Targa Resources Corp (TRGP) changes hands at $294.90, above both of its main moving averages: the price is 3.27% above the 50-day average of $285.55 and 16.32% above the 200-day average of $253.53. The stock sits at 92% of its 52-week range, and the price is 4.23% below the 52-week high of $307.94. Meanwhile, the 50-day average is 12.63% above the 200-day average.
Every period on the chart shows a gain, with the price up 4.24% over the past three months, 25.22% over the past six months and 101.57% over the past year. On momentum, the 14-day RSI reads 58.1, in the neutral zone, with the MACD line positive.
Analyst upgrade ›
TD Cowen upgraded it to Buy from Hold on September 18, 2026.
Source: Analyst action, TD Cowen, September 18, 2026Rating reaffirmed ›
Barclays kept its Overweight rating on October 8, 2026.
Source: Analyst action, Barclays, October 8, 2026
Earnings beat ›
The August 6, 2026 report beat the EPS estimate by 14.44%, and the share price fell 4.24% in the first session after it.
Source: Earnings report, August 6, 2026
- Two levels deserve attention: the 52-week high at $307.94 sits above the price, while the 20-day EMA at $286.50 sits below it.
- The 14-day RSI reads 58.1, in the neutral zone, with the MACD line positive; readings above 70 or below 30 mark stretched momentum.
- The share price fell 4.24% in the first session after the August 6, 2026 report. Over the last 8 reports, TRGP beat estimates in 6.
TRGP trades above its 50-day and 200-day moving averages ($285.55 and $253.53), which is what makes the trend up; losing the 50-day would be the first warning. The nearest level under the price is the 20-day EMA at $286.50.
The next level overhead for TRGP is the 52-week high at $307.94.
Technical indicators
Momentum and trend for TRGP, from its daily closes.
As of October 17, 2026, with TRGP at $294.90, its 14-day RSI is 58.1 (neutral territory), its 50-day simple moving average is $285.55 and its 200-day is $253.53.
Calculated by CleaRank on daily closes as of October 17, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
What TRGP moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 17, 2026, TRGP's 1-year correlation of daily returns is +0.35 with S&P 500 (SPY), +0.26 with Nasdaq 100 (QQQ), -0.01 with Bitcoin (BTC) and -0.03 with gold (XAU).
What Wall Street expects
The analysts' target range and how their ratings split.
Analysts checks
3/3Most analysts rate it a buy ›
21 of 22 analysts rate it a buy or strong buy, 1 a hold and 0 a sell.Median target above the price ›
The median 12-month target of $325.00 is 10.2% above the price.More buy ratings than three months ago ›
21 of 22 rate it a buy now, against 20 of 23 three months ago.
TRGP Wall Street View
12-month price targets
Ratings
Recent rating actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| Oct 8, 2026 | Barclays | Maintains | Overweight |
| Sep 21, 2026 | Truist Securities | Reiterates | Buy |
| Sep 18, 2026 | TD Cowen | Upgrade | Buy |
| Sep 16, 2026 | Morgan Stanley | Maintains | Overweight |
| Sep 11, 2026 | Mizuho | Maintains | Outperform |
| Sep 10, 2026 | Scotiabank | Maintains | Sector Outperform |
As of October 17, 2026, 22 Wall Street analysts cover TRGP: 21 rate it a buy or strong buy, 1 a hold and 0 a sell or strong sell. Their 12-month price targets range from $294.00 to $359.00, with a median of $325.00, 10.2% above the price of $294.90.
Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.
A trade plan, if you want one
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
TRGP trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Long entry pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
These levels come from TRGP's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much TRGP tends to move, against the market and on its own.
The long record
TRGP's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
4/4Average daily move under 2% ›
The price has moved 1.61% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 87.7%, from October 2018 to April 2020, regained by October 2021.Most 1-year holds ended higher ›
68% of 1-year holding periods in the last 10 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in October 2016 is now worth $95,062, against $42,055 in the S&P 500 (SPY).
TRGP Drawdowns & Recovery
As of October 17, 2026, TRGP's worst peak-to-trough fall over the last 10 years with dividends reinvested was -87.7% (October 2018 to April 2020); it regained that peak by October 2021, 18 months after the low, and 68% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into TRGP in October 2016 is worth now, against the same amount in the S&P 500.
Against the market: TRGP beat the S&P 500 over this period: $95,062 against $42,055.
A $10,000 investment in TRGP in October 2016 would be worth about $95,062 today with dividends reinvested, compared with about $42,055 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to TRGP, and which have not.
Strongest month, November: an average of +10.01%, up in 7 of 10 years.
Weakest month, March: an average of -4.43%, up in 5 of 10 years.
This month, October: has averaged +3.23%, up in 4 of 9 years. Past seasonality does not repeat on schedule.
Over the last 10 years, TRGP's strongest calendar month has been November (average +10.01%, up in 7 of 10 years) and its weakest March (average -4.43%, up in 5 of 10 years).
Average return for each calendar month over the last 10 years, from weekly closing prices with dividends included.
Long-term scenarios
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in TRGP, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in TRGP today could grow to about $26,609 by 2036 in the base case, with a 90th-percentile outcome near $201,870 and a 10th-percentile outcome around $3,507. The simulation models price only; at today's 1.53% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
TRGP Stock Price Prediction: 2030
The same simulation in share prices, year by year.
CleaRank's simulation projects a price near $436 for TRGP by 2030 in the base case, from $295 today (1.5x over 4 years). The 10th-percentile path ends near $121. These are outcomes of a Monte Carlo simulation run on TRGP's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $171 | $325 | $617 | |
| 2028 | $145 | $359 | $888 | |
| 2029 | $130 | $396 | $1,200 | |
| 2030 | $121 | $436 | $1,571 | |
| 2031 | $115 | $481 | $2,016 |
Method: a lognormal simulation of TRGP's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles. TRGP is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation.
Insider trading
What the people running the company have bought and sold.
TRGP insider trading
Shares the company's directors and officers bought and sold, from their own filings.
Month by month
Open-market purchases above the line, sales below.
Insider buying: No insider bought TRGP shares on the open market in the last 18 months. Sales are often planned in advance or cover tax on vesting shares, so they say less than purchases would.
As of October 17, 2026, TRGP insiders reported 15 open-market sales worth $40.8M and no open-market purchases over the last 18 months; grants and option exercises are not counted.
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Sep 3, 2026 | Joe Bob Perkins
Director
|
Grant | 8.4K | - |
| Sep 1, 2026 | Paul W Chung
Director
|
Sell | 1.8K | $537.7K |
| Sep 1, 2026 | Brent B. Secrest
Officer
|
Grant | 10.0K | - |
| Aug 25, 2026 | Charles Richard Crisp
Director
|
Sell | 3.0K | $870.7K |
| Aug 25, 2026 | Charles Richard Crisp
Director
|
Grant | 1.2K | - |
| Aug 21, 2026 | Waters S Davis IV
Director
|
Sell | 2.4K | $719.2K |
| Aug 20, 2026 | Paul W Chung
Director
|
Grant | 1.0K | - |
| Aug 18, 2026 | Robert M Muraro
Officer
|
Grant | 20.0K | - |
| Jul 21, 2026 | Thomas Mathiasmeier
Director
|
Grant | 477 | - |
| May 14, 2026 | Matthew J Meloy
Chief Executive Officer
|
Grant | 15.0K | - |
| May 12, 2026 | Charles Richard Crisp
Director
|
Sell | 10.6K | $2.7M |
| May 12, 2026 | Paul W Chung
Director
|
Grant | 6.0K | - |
| Mar 5, 2026 | Robert M Muraro
Officer
|
Sell | 24.6K | $5.9M |
| Mar 2, 2026 | Patrick J Mcdonie
Officer
|
Sell | 31.5K | $7.5M |
| Mar 2, 2026 | Benjamin James Branstetter
Officer
|
Sell | 3.3K | $778.1K |
| Feb 26, 2026 | Lindsey M Cooksen
Director
|
Sell | 435 | $100.8K |
| Feb 26, 2026 | Douglas Scott Pryor
Officer
|
Grant | 14.6K | - |
| Feb 25, 2026 | Douglas Scott Pryor
Officer
|
Sell | 17.5K | $4.0M |
| Feb 24, 2026 | Jennifer R Kneale
President
|
Sell | 29.5K | $6.8M |
| Feb 24, 2026 | Charles Richard Crisp
Director
|
Sell | 1.4K | $311.6K |
| Feb 24, 2026 | Charles Richard Crisp
Director
|
Grant | 1.5K | - |
| Feb 24, 2026 | Rene R Joyce
Director
|
Grant | 4.0K | - |
| Feb 24, 2026 | Matthew J Meloy
Chief Executive Officer
|
Grant | 40.0K | - |
| Jan 16, 2026 | Jennifer R Kneale
President
|
Grant | 63.5K | - |
| Jan 16, 2026 | Patrick J Mcdonie
Officer
|
Grant | 43.0K | - |
| Jan 16, 2026 | Matthew J Meloy
Chief Executive Officer
|
Grant | 166.7K | - |
| Jan 16, 2026 | Robert M Muraro
Officer
|
Grant | 43.0K | - |
| Jan 16, 2026 | Douglas Scott Pryor
Officer
|
Grant | 34.0K | - |
| Jan 15, 2026 | Beth A Bowman
Director
|
Grant | 1.0K | - |
| Jan 15, 2026 | William A. Byers
Chief Financial Officer
|
Grant | 7.2K | - |
| Jan 15, 2026 | Paul W Chung
Director
|
Grant | 1.6K | - |
| Jan 15, 2026 | Lindsey M Cooksen
Director
|
Grant | 1.0K | - |
| Jan 15, 2026 | Charles Richard Crisp
Director
|
Grant | 1.0K | - |
| Jan 15, 2026 | Waters S Davis IV
Director
|
Grant | 1.0K | - |
| Jan 15, 2026 | John Christopher Eklof
Officer
|
Grant | 1.6K | - |
| Jan 15, 2026 | Laura C Fulton
Director
|
Grant | 1.0K | - |
| Jan 15, 2026 | Rene R Joyce
Director
|
Grant | 1.0K | - |
| Jan 15, 2026 | Caron A Lawhorn
Director
|
Grant | 1.0K | - |
| Jan 15, 2026 | Joe Bob Perkins
Director
|
Grant | 1.0K | - |
| Jan 15, 2026 | Gerald R Shrader
General Counsel
|
Grant | 6.7K | - |
| Jan 15, 2026 | Robert Keith Teague
Director
|
Grant | 1.0K | - |
| Dec 5, 2025 | Gerald R Shrader
General Counsel
|
Sell | 2.8K | $498.3K |
| Dec 5, 2025 | Gerald R Shrader
General Counsel
|
Grant | 1.2K | - |
| Nov 14, 2025 | Douglas Scott Pryor
Officer
|
Sell | 20.0K | $3.4M |
| Nov 14, 2025 | Douglas Scott Pryor
Officer
|
Grant | 2.1K | - |
| Nov 12, 2025 | Charles Richard Crisp
Director
|
Grant | 2.0K | - |
| Nov 11, 2025 | Matthew J Meloy
Chief Executive Officer
|
Grant | 12.1K | - |
| Aug 15, 2025 | Douglas Scott Pryor
Officer
|
Sell | 20.0K | $3.3M |
| Aug 15, 2025 | Matthew J Meloy
Chief Executive Officer
|
Grant | 24.9K | - |
| May 22, 2025 | Matthew J Meloy
Chief Executive Officer
|
Grant | 15.0K | - |
| May 8, 2025 | Douglas Scott Pryor
Officer
|
Sell | 20.0K | $3.2M |
Source: TwelveData, from SEC Form 4 filings
Questions people ask
Answered from the figures on this page, as of October 17, 2026.