Key facts, as of
As of September 29, 2026, Targa Resources (TRGP) trades at $273.49, up 61.7% over the past year. Its 52-week range runs from $144.14 to $307.94; the price is 11.2% below that high. It sits 10.8% above its 200-day average of $246.81, the usual sign of a long-term uptrend. Its 30-day volatility is 17.5% annualized, which we rate medium risk. It has a trailing P/E of 26.1 and a dividend yield of 1.80%.
Cite: Portfolio Terminal, "Targa Resources (TRGP) stock analysis", 2026-09-29. https://portfolio-terminal.com/analyse/trgp
Where it trades today
trading 79% of the way up its 52-week range
How the price has moved
What to weigh before acting
What Matters Now
- Capital discipline and commodity sensitivity matter more than top-line momentum because cash flow can swing quickly with the cycle.
- TRGP trades at 26.1x earnings, well above the energy average of 10.5x, so the market is already pricing in above-consensus execution.
- Recent realized volatility sits near 17.5%, below the sector norm of 32.0%, which supports a steadier role inside a diversified portfolio.
- TRGP remains in a bearish short-term trend and sits 11.2% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- TRGP is more useful for investors comparing conviction names inside energy than for someone looking for a passive “set and forget” holding.
- The beta profile suggests it can fit a quality or lower-volatility sleeve more naturally than a high-octane tactical basket.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in TRGP.
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- The view would need revisiting if peers such as XOM, CVX, COP start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for TRGP come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Energy so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as XOM, CVX, COP.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for TRGP. Last refresh: Sep 29, 2026, 10:33 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as XOM, CVX, COP.
What Targa Resources does
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic 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. It is involved in the purchase and resale of NGL products; and sale of propane, as well as…
Employees
3,570
Industry
Oil & Gas Midstream
Headquarters
Houston, United States
What analysts expect
TRGP carries a strong buy consensus from 21 analysts, with an average price target of $325.14 versus $273.49 today (+18.9%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
TRGP generated $16.74B in trailing revenue (4.2% year over year), with a 13.5% net margin, and $65.84M of free cash flow, against $19.45B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $17.03B | $5.01B | $3.33B | $1.92B | $8.63 | $584.10M |
| 2024 | $16.38B | $4.26B | $2.70B | $1.31B | $5.87 | $683.90M |
| 2023 | $16.06B | $4.05B | $2.63B | $1.35B | $3.69 | $826.20M |
| 2022 | $20.93B | $2.95B | $1.73B | $1.20B | $3.95 | $1.05B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
How it sits in energy
Volatile sector tied to oil and gas prices, includes exploration, production, and refining.
The companies it competes with
TRGP beside the energy names it is usually measured against.
What the chart is saying
Slipped under its 50-day average inside a longer uptrend.
weakening- Price is 2.9% below its 50-day average and 10.8% above its 200-day.
- RSI at 37 is neither stretched nor washed out.
- The nearest ceiling is $278.13 (+1.7%), the nearest floor $253.59 (-7.3%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is TRGP a good buy right now?
Targa Resources trades at 26.1x earnings. This is near market average. Current risk level is Medium based on 17.5% volatility.
Does TRGP pay dividends?
Yes, Targa Resources offers a dividend yield of 1.80%. That is roughly $4.92 per share a year.
How volatile is TRGP?
With 30-day annualized volatility of 17.5% and beta of 0.72, TRGP is classified as Medium risk. The stock tends to be more stable than the market average.
What is the analyst price target for TRGP?
The average analyst price target for Targa Resources (TRGP) is $325.14 based on 21 analyst estimates, about 18.9% above the current price of $273.49. The published range runs from $284.00 to $359.00.
How much revenue does TRGP generate?
Targa Resources reported $16.74B in trailing twelve-month revenue. Revenue growth is running at 4.2% year over year. Net margin sits at 13.5%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare TRGP with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.