TRGP
Targa Resources
$264.51
▲ 2.3%Updated Today 7:15 PM ET
▲ Up 52.7% over the last 12 months
Market Cap
$55.50B
P/E
26.3x
Forward P/E (est.)
18.78x
ROE
74.2%
Revenue Growth
1.1%
EPS Growth
65.9%
Profit Margin
12.9%
FCF Yield
5.0%
Debt / Equity
5.68x
ROIC
12.0%
Interest Coverage
24.84x
Current Ratio
0.72x
Dividend Yield
1.9%
Implied Growth (rev. DCF)
7.9%
Rating Score
51/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what TRGP's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. TRGP trades near $264.51, above its 50-day average ($256.05) and 200-day average ($206.45). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 49 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. TRGP's is $7.04 (~2.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month TRGP found buyers near $252.97 (support) and sellers near $280.00 (resistance); its 52-week range is $144.14–$280.00. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.1× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Targa Resources (TRGP) is a large-cap company in the Oil & Gas Storage & Transportation industry, part of the Energy sector of the S&P 500, with a market value around $55.50B.
In its latest reported year it generated about $17.03B in revenue and $1.92B in net profit.
Our model rates TRGP Neutral (51/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
0.1%
Revenue moved from $16.95B in 2021 to $17.03B in 2025, a 0.1% compound annual growth rate. The most recent year was roughly flat (1.1%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
41.8%
Operating Margin
19.6%
Net Margin
11.3%
ROE
74.2%
Targa Resources keeps about 12.9% of each sales dollar as net profit, with a 41.8% gross margin and 19.6% operating margin. Return on equity is 74.2% and return on invested capital about 12.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$19.13B
Net Debt
$19.03B
Net Debt / EBITDA
5.71x
Debt / Equity
5.68x
Leverage: debt-to-equity is 5.7x, and operating profit covers interest about 24.8x, with a current ratio of 0.7x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $19.13B of total debt against $100.10M of cash.
Operating CF
$3.92B
Free Cash Flow
$584.10M
FCF Margin
3.4%
In the latest year Targa Resources produced about $3.92B of operating cash flow and $584.10M of free cash flow after capital spending. That is a free-cash-flow yield of about 5.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
26.3x
P/S
3.31x
P/B
12.85x
EV / EBITDA
15.43x
TRGP trades at 26.3x trailing earnings (about 18.8x on estimated forward earnings), 3.3x sales, and 12.9x book value. Reverse-engineering today's price implies the market expects roughly 7.9% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How TRGP stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
In the Energy sector (21 S&P 500 companies), TRGP ranks #14 of 21 by our overall rating. It trades at a premium versus the sector on earnings (26.3x P/E vs. 18.9x median) with a higher return on equity (74.2% vs. 14.8%) and faster revenue growth (1.1% vs. -0.4%).
P/E vs sector
26.3x
median 18.9x
ROE vs sector
74.2%
median 14.8%
Growth vs sector
1.1%
median -0.4%
Sector rank
#14
of 21 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size. Sector median is across all 21 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$161.86 – $263.03
vs. $264.51 today · expected CAGR -9% – -0%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $17.54B | $18.07B | $18.61B | $19.17B | $19.74B |
| Net income | $1.93B | $1.99B | $2.05B | $2.11B | $2.17B |
| EPS | $8.99 | $9.26 | $9.54 | $9.82 | $10.12 |
| Share price (low) | $143.81 | $148.13 | $152.57 | $157.15 | $161.86 |
| Share price (high) | $233.70 | $240.71 | $247.93 | $255.37 | $263.03 |
| CAGR (low–high) | -46% / -12% | -25% / -5% | -17% / -2% | -12% / -1% | -9% / -0% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for TRGP:
- Strong return on equity (74.2%) shows capital is put to work well.
- Healthy free-cash-flow yield (~5.0%) funds buybacks and dividends.
The case against TRGP:
- Revenue growth is slow (1.1%), limiting the upside engine.
- Elevated leverage (debt/equity 5.7x) adds financial risk.
Balance-sheet risk — debt/equity of 5.7x magnifies the impact of higher rates or weaker earnings.
Growth risk — sluggish revenue (1.1%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Targa Resources is a large-cap energy business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 26.3x earnings, which our model scores Neutral (51/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.