Targa Resources Corp (TRGP) Stock AnalysisTRGPTarga Resources Corp

Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires, and develops a diversified portfolio of complementary domestic infrastructure assets. Its segments include Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs); and assets used for the gathering, terminaling and/or purchase and sale of crude oil. The Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products. It operates in the Energy sector (NATURAL GAS TRANSMISSION industry).

Targa Resources Corp is a good buy right now due to its current price of $294.90, which is below several analyst price targets, including $335 from Stifel and $350 from TD Cowen. The company has shown strong financial performance with a gross margin of 38.75% in Q2 2026 and a year-to-date change of +57.89%. However, the main risk is its high debt-to-equity ratio of 515.79%, which could impact financial stability if not managed carefully.

19 analysts cover TRGP: 11 rate it Buy, 8 Hold and 0 Sell. The average price target is 214.75.