As of September 10, 2026, Targa Resources Corp. (TRGP) trades at $291.76. CleaRank Financial AI rates it Buy with a fair value of $291.38, in line with the current price. Wall Street's consensus target is $311.00 across 21 analysts. RSI at 45 is in neutral territory, and the price is above its 50-day average of $278.59.
Targa Resources Corp. (TRGP)
Targa Resources Corp. NYSE
Targa Resources Corp. (TRGP) is currently trading at $291.38, reflecting its current fair value with no immediate upside based on this metric. The company operates within the Energy sector, specifically in Oil & Gas Midstream, and is positioned for continued growth, with analysts projecting a 13.00% revenue increase for the current year and an accelerated 23.00% for the next. This positive outlook is supported by a consensus "Buy" rating from Wall Street analysts, who have set a median price target of $311.00, indicating a 6.7% upside potential.
The company's financial health appears solid, with a healthy dividend yield of 1.54% and a strong "Buy" consensus score of 80 from Wall Street. Recent earnings have shown consistent beats, with the latest quarter exceeding estimates by 14.44%. While the stock is trading above its 50-day and 200-day moving averages ($278.59 and $239.20), indicating positive technical momentum, insider activity shows a moderate sell signal, with significant sales totaling $40.8 million, which warrants monitoring.
TRGP Price Analysis
Market Metrics
Peer Benchmarking
Valuation vs Sector (Energy)
Performance vs XLE
Sector Position Analysis
TRGP Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
TRGP Analysis
Targa Resources Corp. is trading above its 50-day SMA of $278.59 and its 200-day SMA of $239.20, indicating a generally positive trend. The stock is also above its 20-day EMA of $288.37. The RSI is at 44.85, which is neutral, suggesting neither overbought nor oversold conditions. MACD is positive at 4.83, supporting the current upward momentum.
Volume has been slightly below average recently, down 10.5% from the daily average. Key support levels are indicated by the moving averages, with the 50-day SMA at $278.59 and the 200-day SMA at $239.20. The neutral RSI and positive MACD suggest that the stock may continue its current trend, but without strong momentum signals, significant short-term price swings are not immediately indicated.
- Monitor insider selling activity closely, as over $40 million in sales have been reported recently, despite a generally positive outlook.
- Given the P/E ratio of 28.07, which is above the sector average, consider the company's growth trajectory and future earnings potential to justify the valuation.
- Targa Resources Corp. offers a dividend yield of approximately 1.54%, which may appeal to income-focused investors, but ensure it aligns with your overall investment strategy.
Analysts forecast current year revenue growth of 13.00% and next year growth of 23.00%, indicating significant expansion potential for Targa Resources Corp.
Source: Wall Street EstimatesTarga Resources Corp. has a track record of exceeding EPS estimates, with the latest quarter showing a 14.44% surprise, suggesting strong operational performance.
Source: Earnings ReportsInsiders have sold approximately $40.8 million worth of stock, indicating a moderate sell signal that warrants investor attention.
Source: Insider TransactionsThe stock is trading above its 50-day and 200-day moving averages ($278.59 and $239.20), indicating a generally positive technical trend.
Source: Technical AnalysisTarga Resources Corp. is expected to maintain its positive trajectory, with analysts projecting a median price target of $311.00, implying a 6.7% upside from the current price. The company's strong revenue growth estimates, with current year growth at 13.00% and next year at 23.00%, provide a solid foundation for this outlook. The consistent earnings beats further strengthen confidence in the company's operational capabilities.
Potential catalysts for upside include continued strong execution on revenue growth and successful integration of new projects. Downside risks include a higher-than-sector average P/E ratio and recent insider selling, which could signal caution. The neutral RSI also suggests that significant upward momentum may not be immediate, requiring careful monitoring of market conditions and company-specific developments.
Key Statistics
| Market Cap | 62.48B |
|---|---|
| P/E Ratio | 28.07 |
| EPS (TTM) | 10.47 |
| Dividend Yield | 1.54% |
| 52 Week High | 307.94 |
| 52 Week Low | 144.14 |
Targa Resources Corp. trades at a P/E ratio of 28.07, which appears elevated compared to the sector average P/E of 10.0. However, its revenue growth of 4.2% year-over-year, with strong forward estimates of 13.00% for the current year and 23.00% for the next, suggests that the higher valuation may be justified by future expansion. The company also offers a dividend yield of 1.54%, providing some income to investors.
The company's earnings per share (EPS) of $10.47 and a market capitalization of $62.48 billion indicate a substantial enterprise. While the P/E ratio is higher than the sector average, the projected revenue growth and consistent earnings beats suggest a company in a strong growth phase. Investors should monitor the debt-to-equity ratio and return on equity (ROE) for a more complete picture of financial health relative to sector averages.
Earnings & Growth Analysis
Targa Resources Corp. has demonstrated consistent positive earnings surprises in recent quarters. The most recent quarter ending August 6, 2026, saw an EPS beat of 14.44% ($3.25 actual vs. $2.84 estimate), although the stock experienced a -4.24% price change. Prior quarters also showed significant beats, including a 54.76% surprise in March 2026.
This pattern of exceeding analyst expectations suggests strong operational performance and effective management. The forward revenue estimates are also strong, with the current quarter projected to grow by 17.00% year-over-year and the next quarter by 28.00%, indicating continued positive momentum.
Key Risks
A primary risk for Targa Resources Corp. is its elevated P/E ratio of 28.07 compared to the sector average of 10.0, suggesting a potential valuation stretch if growth expectations are not met. Additionally, recent insider transactions indicate a moderate sell signal, with over $40 million in sales, which could signal a lack of confidence from management in the short term.
The stock's neutral RSI of 44.85 suggests a lack of strong buying momentum, and while it is trading above key moving averages, the recent price reaction to earnings beats indicates that positive news may not be translating into immediate stock price appreciation.
Technical Indicators
| RSI (14) | 44.85 |
|---|---|
| MACD | 4.83 |
| SMA 50 | 278.59 |
| SMA 200 | 239.20 |
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
TRGP Trade Plans
Specific entry, exit, and risk management levels
🟢 LONG ENTRY (click to switch)
Risk Management
Profit Targets (Based on Conservative Entry)
Growth of $10,000
A $10,000 investment in TRGP in September 2016 would be worth about $62,960 today, compared with about $35,241 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in TRGP today could grow to about $33,697 by 2036 in the base case, with a bull case near $255,644 and a bear case around $4,442. Projections are statistical simulations, not guarantees.
TRGP Stock Price Prediction: 2030
CleaRank's simulation projects a price near $474 for TRGP by 2030 in the base case, from $292 today (1.6x over 4 years). The downside path ends near $132. 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 | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $174 | $329 | $625 |
| 2028 | $150 | $372 | $921 |
| 2029 | $138 | $420 | $1,274 |
| 2030 | $132 | $474 | $1,709 |
| 2031 | $128 | $536 | $2,244 |
| 2032 | $126 | $605 | $2,906 |
| 2033 | $125 | $683 | $3,721 |
| 2034 | $126 | $771 | $4,723 |
| 2035 | $127 | $871 | $5,953 |
| 2036 | $130 | $983 | $7,459 |
Method: 10,000 simulated price paths using TRGP's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. TRGP is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
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TRGP Insider Trading Analysis
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Sep 24, 2024 | PERKINS JOE BOB
Director
|
Sell | 150.0K | $23.3M |
| Mar 1, 2022 | PERKINS JOE BOB
Director
|
Sell | 188.5K | $12.4M |
| Feb 25, 2025 | MELOY MATTHEW J
Chief Executive Officer
|
Sell | 48.8K | $9.5M |
| Nov 2, 2022 | PERKINS JOE BOB
Director
|
Sell | 133.7K | $9.1M |
| Feb 22, 2024 | PERKINS JOE BOB
Director
|
Sell | 78.6K | $7.7M |
| Mar 2, 2026 | MCDONIE PATRICK J
Officer
|
Sell | 31.5K | $7.5M |
| Feb 27, 2025 | PRYOR DOUGLAS SCOTT
Officer
|
Sell | 35.0K | $6.9M |
| Feb 24, 2026 | KNEALE JENNIFER R
President
|
Sell | 29.5K | $6.8M |
| Mar 5, 2026 | MURARO ROBERT M
Officer
|
Sell | 24.6K | $5.9M |
| Feb 25, 2025 | KNEALE JENNIFER R
Officer
|
Sell | 29.9K | $5.8M |