Is Targa Resources (TRGP) overvalued or fairly valued?

MarketChacha shows Targa Resources's valuation in context — a forward P/E of about 23.8, a price-to-book of about 19.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is the share price of Targa Resources (TRGP)?

Targa Resources last traded at $283.58 (+1.2% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Targa Resources

TRGP · NYSE · Energy · United States

$283.58+1.2%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 5:37 PM

Snapshot

TickerTRGP

ExchangeNYSE

SectorEnergy

IndustryOil & Gas Midstream

CountryUnited States

Employees3,570

HeadquartersHouston, United States

Market cap$60.9B

P/B19.4

Volume283.15K

Websitewww.targaresources.com

Filings tracked0

About Targa Resources

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Profile as reported by Yahoo Finance.

Who owns it

Insiders1.4%
Institutions97.2%
Public & other1.4%

1,412 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.9.57%
Wellington Management Group, LLP7.01%
Vanguard Capital Management LLC6.50%
State Street Corporation6.34%
Vanguard Portfolio Management LLC5.52%
Harris Associates L.P.4.06%
Geode Capital Management, LLC2.80%
Tortoise Capital Advisors, LLC1.65%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

What's expected next

Next quarter

Rev $5.0B · EPS 2.78

Est. earnings growth +15.2%

Next fiscal year

Rev $23.0B · EPS 11.93

Est. earnings growth +6.5%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$144.1452-wk range$286.25

Delayed · as reported by Yahoo Finance

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Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.