Targa Resources Corp. (TRGP) fair value analysis
S&P 500 · Updated 2026-09-07
Targa Resources Corp. is a midstream energy company that provides gathering, processing, transportation, and storage services for natural gas and crude oil. The company operates assets across major U.S. production basins including the Permian Basin, Eagle Ford Shale, and other key regions in North America.
Forward Fair Value verdict
Fairly valuedBased on TickrTrends' weekly Forward Fair Value model, TRGP is trading at within about 10% of estimated fair value.
TRGP currently ranks #6 of 25 Energy stocks by discount to Forward Fair Value. It has screened as Fairly valued for 3 consecutive weekly runs.
- Last price
- $290.05
- Sector
- Energy
- 12-month range
- $154.04–$296.06
Derived indicators
Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.
- Quality grade
- F
- Leverage
- High
- Margin trend
- Expanding
- Revenue growth
- Declining
- RSI zone
- Neutral
- 52-week position
- The top quarter of its range
What our data shows for TRGP
- Our model validated 17 trailing price-to-earnings windows for TRGP, built from quarterly earnings records.
- Shares are trading in the upper third of their 12-month price range of $154.04–$296.06.
- The 14-day relative strength index sits at a neutral 61.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for TRGP
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
How Forward Fair Value works
TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.
Recent TRGP news
TickrTrends' derived news-sentiment signal for TRGP is currently leaning positive, computed from recent coverage.
- TRGP Maintains by Wells Fargo -- Price Target Raised to $324 (gurufocus.com, 2026-09-02)
TickrTrends take: Wells Fargo raised its price target for TRGP to $324, which provides a reference point for evaluating the stock against TickrTrends' current assessment of fair valuation. Given the analyst upgrade, investors focused on valuation metrics should monitor whether TRGP trades toward or away from this new target, as this could indicate shifting market expectations for the Energy sector company. The divergence between the new price target and current market pricing will be instructive for determining if fair value assumptions remain intact or require reassessment.
What people are saying
Follow the TRGP conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-06 — TRGP's momentum indicator moved from a D rating to none this week, reflecting a shift in the stock's directional strength. The energy sector holding remains fairly valued according to current valuation assessments. The removal of the negative momentum rating suggests reduced downward price pressure compared to the previous week.
- 2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.
Frequently asked questions
Is TRGP stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), TRGP is trading at within about 10% of estimated fair value and screens as fairly valued. The exact fair value and discount are available to subscribers.
What is TRGP's TickrTrends verdict?
TRGP's current verdict is Fairly valued, refreshed with every weekly Forward Fair Value run.
How does TRGP compare to other Energy stocks?
TRGP ranks #6 of 25 Energy stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.
Is TRGP overbought or oversold?
TRGP's 14-day RSI is in neutral territory - neither overbought nor oversold.
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Head-to-head comparisons
TRGP vs BKR · TRGP vs COP · TRGP vs EOG · TRGP vs EQT · TRGP vs EXE