Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Targa Resources ( (TRGP) ) is now available.
Targa Resources Corp. announced a new $1.0 billion share repurchase program approved by its Board of Directors on August 4, 2025, adding to the existing program. The company reported a significant increase in net income and adjusted EBITDA for the second quarter of 2025 compared to the previous year, driven by record transportation volumes and strategic growth projects. Targa also declared a quarterly cash dividend and outlined plans for early completion of several projects, including expansions in the Permian Basin, which are expected to enhance connectivity and support future growth.
The most recent analyst rating on (TRGP) stock is a Hold with a $208.00 price target. To see the full list of analyst forecasts on Targa Resources stock, see the TRGP Stock Forecast page.
Spark’s Take on TRGP Stock
According to Spark, TipRanks’ AI Analyst, TRGP is a Outperform.
Targa Resources’ overall score reflects strong financial performance, boosted by a positive earnings call highlighting significant growth and strategic initiatives. However, technical analysis indicates short-term bearish trends, and valuation metrics suggest the stock might be overvalued. The recent corporate event enhances financial flexibility, slightly offsetting leverage concerns.
To see Spark’s full report on TRGP stock, click here.
More about Targa Resources
Targa Resources Corp. operates in the energy sector, primarily focusing on natural gas and natural gas liquids (NGL) services. The company is involved in gathering, processing, storing, and transporting natural gas and NGLs, with a significant presence in the Permian Basin.
Average Trading Volume: 1,724,206
Technical Sentiment Signal: Buy
Current Market Cap: $35.5B
For detailed information about TRGP stock, go to TipRanks’ Stock Analysis page.