Brokers Issue Forecasts for Targa Resources Q1 Earnings

Targa Resources Corp. (NYSE:TRGP) – Research analysts at Capital One Financial issued their Q1 2025 earnings per share (EPS) estimates for Targa Resources in a report released on Monday, February 24th. Capital One Financial analyst W. Suki forecasts that the pipeline company will post earnings per share of $1.89 for the quarter. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. Capital One Financial also issued estimates for Targa Resources’ Q2 2025 earnings at $1.82 EPS, Q3 2025 earnings at $1.94 EPS and Q4 2025 earnings at $2.11 EPS.

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

A number of other equities analysts have also commented on TRGP. Scotiabank assumed coverage on shares of Targa Resources in a report on Friday, January 10th. They issued a “sector outperform” rating and a $218.00 price target on the stock. Royal Bank of Canada increased their target price on Targa Resources from $172.00 to $199.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Barclays lifted their price target on Targa Resources from $171.00 to $204.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price objective on Targa Resources from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Mizuho raised their price objective on Targa Resources from $208.00 to $226.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $203.77.

Targa Resources Stock Down 1.1 %

TRGP stock opened at $198.19 on Tuesday. Targa Resources has a 1-year low of $95.88 and a 1-year high of $218.51. The stock has a market cap of $43.22 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 0.61 and a beta of 2.29. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 3.05. The company’s 50 day moving average is $195.91 and its 200 day moving average is $176.53.

Institutional Investors Weigh In On Targa Resources

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of Targa Resources by 14,163.5% during the third quarter. International Assets Investment Management LLC now owns 204,254 shares of the pipeline company’s stock worth $30,232,000 after purchasing an additional 202,822 shares during the period. Assenagon Asset Management S.A. increased its holdings in Targa Resources by 36.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 74,841 shares of the pipeline company’s stock valued at $11,077,000 after purchasing an additional 19,902 shares during the period. Ballentine Partners LLC raised its position in Targa Resources by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 3,529 shares of the pipeline company’s stock valued at $522,000 after purchasing an additional 118 shares during the last quarter. Allworth Financial LP lifted its holdings in Targa Resources by 43.6% in the 3rd quarter. Allworth Financial LP now owns 553 shares of the pipeline company’s stock worth $82,000 after buying an additional 168 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Targa Resources by 80.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,593 shares of the pipeline company’s stock worth $4,638,000 after buying an additional 14,051 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Targa Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.75 per share. The ex-dividend date was Friday, January 31st. This represents a $3.00 dividend on an annualized basis and a yield of 1.51%. Targa Resources’s dividend payout ratio is currently 52.26%.

About Targa Resources

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.