Brokers Issue Forecasts for Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP) – Equities research analysts at Seaport Res Ptn issued their Q1 2025 earnings per share estimates for Targa Resources in a research note issued to investors on Monday, April 28th. Seaport Res Ptn analyst S. Sibal forecasts that the pipeline company will earn $1.94 per share for the quarter. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. Seaport Res Ptn also issued estimates for Targa Resources’ Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at $2.20 EPS, Q4 2025 earnings at $2.26 EPS and FY2025 earnings at $8.29 EPS.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Thursday, February 20th. The pipeline company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.46). The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Targa Resources had a return on equity of 28.67% and a net margin of 7.81%.

Several other research firms have also recently commented on TRGP. US Capital Advisors raised Targa Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Royal Bank of Canada upped their price target on Targa Resources from $220.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, March 3rd. Barclays cut their price objective on Targa Resources from $211.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Citigroup upped their target price on shares of Targa Resources from $218.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Mizuho decreased their target price on shares of Targa Resources from $226.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday. Thirteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $209.29.

Targa Resources Price Performance

NYSE:TRGP opened at $170.75 on Wednesday. Targa Resources has a one year low of $110.09 and a one year high of $218.51. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.61 and a current ratio of 0.77. The stock has a market cap of $37.15 billion, a PE ratio of 29.75, a P/E/G ratio of 0.61 and a beta of 1.75. The stock has a 50 day moving average price of $183.83 and a 200 day moving average price of $188.15.

Targa Resources Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 30th. This represents a yield of 2.34%. Targa Resources’s payout ratio is currently 69.69%.

Insiders Place Their Bets

In other news, insider Jennifer R. Kneale sold 29,887 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $192.42, for a total value of $5,750,856.54. Following the sale, the insider now directly owns 227,269 shares in the company, valued at $43,731,100.98. This represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Meloy sold 48,837 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $195.08, for a total transaction of $9,527,121.96. Following the completion of the sale, the chief executive officer now owns 725,628 shares in the company, valued at $141,555,510.24. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,914 shares of company stock worth $22,613,288. 1.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On Targa Resources

A number of large investors have recently bought and sold shares of the stock. Snowden Capital Advisors LLC lifted its position in shares of Targa Resources by 2.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 2,652 shares of the pipeline company’s stock valued at $473,000 after acquiring an additional 53 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Targa Resources by 1.3% in the first quarter. Ritholtz Wealth Management now owns 4,942 shares of the pipeline company’s stock valued at $991,000 after purchasing an additional 62 shares in the last quarter. Stratos Wealth Advisors LLC lifted its holdings in shares of Targa Resources by 3.6% in the first quarter. Stratos Wealth Advisors LLC now owns 1,776 shares of the pipeline company’s stock valued at $356,000 after purchasing an additional 62 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Targa Resources by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 2,217 shares of the pipeline company’s stock valued at $396,000 after purchasing an additional 67 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Targa Resources by 2.3% in the fourth quarter. Mather Group LLC. now owns 3,026 shares of the pipeline company’s stock valued at $540,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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.