Targa Resources Corp. (TRGP) fair value analysis
S&P 500 · Updated 2026-10-19
TRGP price how computed
Forward Fair Value verdict
Fairly valuedTRGP is trading at within about 10% of estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $286.70
- Sector
- Energy
- 12-month range
- $151.38–$302.25
- Market cap
- $61.5B
- From 52-week high
- -5.1%
- Shares outstanding
- 214M
- Rank in Energy by discount to fair value
- #23 of 24
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
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.
TRGP currently ranks #23 of 24 Energy stocks by discount to fair value. It has screened as Fairly valued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $61.5B
- P/E (trailing)
- 26x
- Revenue (TTM)
- $16.8B
- Net margin
- 13.5%
- EPS (TTM)
- $11.19
- Gross margin
- 48.2%
- Debt / equity
- 5.51
- Revenue growth (3-yr avg)
- 4.8%
- Shares outstanding
- 214M
Derived indicators how computed
- Quality grade
- F
- Margin trend
- Expanding
- 52-week position
- The top quarter of its range
Technicals how computed
- RSI (14-day)
- 57 · neutral
- 50-day average
- $285.55
- 200-day average
- $253.53
- Moving-average state
- 50-day above 200-day (golden cross state); price above both averages
Dividends how computed
- Paid, last 12 months
- $4.50 per share (4 payments)
- Yield on last price
- 1.57%
- Consecutive years of increases
- 4
- Next ex-dividend date
- 2026-10-30
- Last payment date
- 2026-08-14
Earnings how computed
- Next earnings report
- 2026-11-05 (pre-market)
- Last 8 quarters vs consensus
- 5 beat, 3 missed
- Quarter by quarter
- 2026-06 ▲ beat (+25.1%)
2026-03 ▲ beat (+7.4%)
2025-12 ▲ beat (+12.1%)
2025-09 ▼ miss (-1.3%)
2025-06 ▲ beat (+50.3%)
2025-03 ▼ miss (-8.0%)
2024-12 ▼ miss (-0.5%)
2024-09 ▲ beat (+19.3%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 21 buy · 1 hold · 0 sell (22 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $328
- Target vs last price
- +14.4%
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 $151.38–$302.25.
- The 14-day relative strength index sits at a neutral 57.
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
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent TRGP news
TickrTrends' derived news-sentiment signal for TRGP is currently leaning positive, computed from recent coverage.
- Targa (TRGP) Borrowed Five Times Its Equity and the Stock Nearly Doubled (insidermonkey.com, 2026-10-19)
TickrTrends take: Targa Resources has significantly increased its financial leverage relative to its equity base, a capital structure shift that warrants monitoring given the company's current fairly valued status. For investors focused on valuation metrics, the substantial debt-to-equity ratio increase suggests that future earnings quality and cash flow coverage of debt service will be critical factors in determining whether the stock's gains remain sustainable. The Energy sector's cyclical nature means that leverage of this magnitude could amplify both upside and downside movements in shareholder value if commodity prices or operational performance shift materially. - Targa Resources Corp (TRGP) Stock Up 4.4% but GF Value Says Overvalued -- GF Score: 72/100 (gurufocus.com, 2026-10-16)
TickrTrends take: TRGP's recent 4% stock movement occurs within a market context where TickrTrends currently assesses the company as fairly valued, creating a potential divergence with the GF Value assessment mentioned in the headline. For investors tracking Energy sector valuations, this disagreement between different valuation frameworks suggests the stock warrants careful monitoring of fundamentals to determine which assessment reflects the true value. The GF Score of 72 indicates solid overall quality metrics, but valuation-focused readers should observe whether TRGP maintains its fairly valued status or shifts toward either overvaluation or undervaluation territory as market conditions evolve. - Targa Resources (TRGP) Maintains Quarterly Dividend at $1.25 with Forward Yield of 1.71% (gurufocus.com, 2026-10-14)
TickrTrends take: Targa Resources maintains its quarterly dividend payment at 1 dollar and 25 cents, which generates a forward yield of approximately 1 point 7 percent based on current valuation levels. Given that TickrTrends rates the company as fairly valued, the dividend stability suggests management confidence in cash generation despite potential sector headwinds. Investors focused on valuation should monitor whether the company can sustain this dividend level through commodity cycles while maintaining the fairly valued rating.
More TRGP news
- Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Third Quarter 2026 Earnings Webcast (manilatimes.net, 2026-10-13)
- Targa Resources Corp (TRGP) Shares Surge 3.3% -- What GF Score of 78 Tells Investors (gurufocus.com, 2026-10-01)
- Targa Resources (TRGP) Rises 3.66% Amid Market Turmoil and Dividend Focus (gurufocus.com, 2026-09-28)
- Truist Adds Fresh Fuel to Targa’s (TRGP) Growth Story. Is There More Upside Ahead? (insidermonkey.com, 2026-09-26)
What people are saying
Follow the TRGP conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is TRGP stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), 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 #23 of 24 Energy stocks in TickrTrends' coverage by discount to fair value.
Is TRGP overbought or oversold?
TRGP's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does TRGP pay a dividend?
Yes. TRGP paid $4.50 per share over the last twelve months (4 payments), a 1.57% yield on TickrTrends' last price, and has raised the annual total for 4 consecutive years. The next ex-dividend date on file is 2026-10-30.
When does TRGP report earnings next?
TRGP's next earnings report is scheduled for 2026-11-05 (pre-market), per the published earnings calendar.
Does TRGP usually beat earnings estimates?
Over its last 8 reported quarters TRGP beat the consensus estimate 5 times and missed 3 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about TRGP?
Of 22 analysts covering TRGP, 21 rate it a buy, 1 a hold and 0 a sell - buy-leaning, with a consensus price target of $328 (+14.4% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
More in Energy
Head-to-head comparisons
TRGP vs BKR · TRGP vs COP · TRGP vs CVX · TRGP vs EOG · TRGP vs EQT