Brokers Set Expectations for Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP) – Analysts at US Capital Advisors lifted their Q1 2025 earnings per share (EPS) estimates for shares of Targa Resources in a report issued on Monday, March 24th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $2.07 per share for the quarter, up from their previous estimate of $1.96. US Capital Advisors currently has a “Hold” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ Q2 2025 earnings at $1.96 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $2.24 EPS, FY2025 earnings at $8.31 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.28 EPS, Q4 2026 earnings at $2.50 EPS and FY2027 earnings at $10.29 EPS.

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada upped their target price on Targa Resources from $220.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, March 3rd. Mizuho upped their price objective on Targa Resources from $208.00 to $226.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Morgan Stanley lifted their target price on Targa Resources from $202.00 to $244.00 and gave the company an “overweight” rating in a research report on Monday, March 17th. Wells Fargo & Company increased their target price on shares of Targa Resources from $204.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Truist Financial raised their price target on shares of Targa Resources from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $211.00.

Targa Resources Stock Performance

NYSE TRGP opened at $205.20 on Tuesday. The firm’s 50 day simple moving average is $200.01 and its 200 day simple moving average is $184.16. The firm has a market capitalization of $44.76 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 0.61 and a beta of 2.32. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 3.05. Targa Resources has a 1 year low of $110.09 and a 1 year high of $218.51.

Targa Resources (NYSE:TRGP) last released its earnings results on Thursday, February 20th. The pipeline company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.46). The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.48 billion. Targa Resources had a net margin of 7.81% and a return on equity of 28.67%.

Hedge Funds Weigh In On Targa Resources

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Targa Resources during the fourth quarter valued at $505,132,000. GQG Partners LLC bought a new stake in shares of Targa Resources during the 4th quarter valued at about $393,335,000. Canada Pension Plan Investment Board boosted its position in shares of Targa Resources by 981.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,144,109 shares of the pipeline company’s stock valued at $204,223,000 after purchasing an additional 1,038,350 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Targa Resources in the fourth quarter worth approximately $150,372,000. Finally, TD Asset Management Inc. increased its holdings in Targa Resources by 568.7% in the fourth quarter. TD Asset Management Inc. now owns 970,373 shares of the pipeline company’s stock worth $173,212,000 after purchasing an additional 825,267 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Insider Buying and Selling

In other Targa Resources news, insider Jennifer R. Kneale sold 29,887 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $192.42, for a total transaction of $5,750,856.54. Following the completion of the transaction, the insider now owns 227,269 shares in the company, valued at approximately $43,731,100.98. This trade represents a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Waters S. Iv Davis sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $196.26, for a total transaction of $429,809.40. Following the completion of the transaction, the director now owns 2,899 shares in the company, valued at $568,957.74. This trade represents a 43.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,914 shares of company stock valued at $22,613,288 over the last 90 days. 1.39% of the stock is owned by insiders.

Targa Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. Targa Resources’s dividend payout ratio (DPR) is presently 52.26%.

Targa Resources Company Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.