About Targa Resources Corp.
Targa Resources Corp. (TRGP) has been publicly traded since 2010, making it a 16-year-old public company. It operates in the Oil & Gas Midstream industry within the Energy sector. The company is headquartered in Houston, United States and employs approximately 3,570 people. With a market capitalization of $52 billion, TRGP is a large established company.
Key Statistics
- Current Price
- $240.05
- Market Cap
- $51.60B
- 52-Week High
- $250.00
- 52-Week Low
- $144.14
- Sector
- Energy
- Industry
- Oil & Gas Midstream
$1,000 Invested
Monthly Returns Heatmap
Annual Returns
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | +30.76% | $183.58 | $240.05 |
| 2025 | +5.65% | $173.77 | $183.58 |
| 2024 | +110.12% | $82.70 | $173.77 |
| 2023 | +21.01% | $68.34 | $82.70 |
| 2022 | +43.71% | $47.55 | $68.34 |
| 2021 | +100.15% | $23.76 | $47.55 |
| 2020 | -32.48% | $35.19 | $23.76 |
| 2019 | +23.98% | $28.38 | $35.19 |
| 2018 | -19.88% | $35.43 | $28.38 |
| 2017 | -7.09% | $38.13 | $35.43 |
| 2016 | +130.82% | $16.52 | $38.13 |
| 2015 | -73.36% | $62.01 | $16.52 |
| 2014 | +23.15% | $50.36 | $62.01 |
| 2013 | +71.97% | $29.28 | $50.36 |
| 2012 | +34.22% | $21.82 | $29.28 |
| 2011 | +56.11% | $13.98 | $21.82 |
Valuation
TRGP currently trades at a trailing P/E ratio of 28.2, which is considered high relative to the broader market. The forward P/E of 21.6 suggests analysts expect earnings to be lower in the coming year. The price-to-book ratio stands at 16.8. The price-to-sales ratio is 3.0.
Dividends
Targa Resources Corp. pays a dividend to shareholders with a current yield of 1.67%. This translates to $4.00 per share annually. The payout ratio of 44% indicates sustainable dividend coverage.
Risk & Volatility
TRGP has a beta of 0.85, indicating it is similarly volatile to the overall market. The stock's 52-week range is $144.14 to $250.00, and it currently trades near its 52-week high.
Analyst Ratings
Based on 20 analyst opinions, TRGP has a consensus "strong_buy" rating. The average price target of $244.40 suggests 1.8% upside from current levels.
Frequently Asked Questions
What does Targa Resources Corp. do? ▼
Targa Resources Corp. is a Oil & Gas Midstream company operating in the Energy sector. The company is headquartered in Houston, United States.
What sector is TRGP in? ▼
TRGP operates in the Energy sector, specifically in the Oil & Gas Midstream industry.
When did TRGP go public? ▼
Targa Resources Corp. went public in 2010, making it a 16-year-old public company as of 2026.
How much would $1,000 invested in TRGP 5 years ago be worth today? ▼
A $1,000 investment in TRGP five years ago would be worth approximately $7,954 today, representing a 695.4% return.
Does TRGP pay dividends? ▼
Yes, Targa Resources Corp. pays a dividend with a current yield of 1.67%, which is $4.0 per share annually.
What is TRGP's market cap? ▼
Targa Resources Corp. has a market capitalization of $52 billion, classifying it as a large-cap company.
What is TRGP's P/E ratio? ▼
TRGP has a trailing P/E ratio of 28.2 and a forward P/E of 21.6, which measures how much investors are paying per dollar of earnings.
Is TRGP a buy, hold, or sell? ▼
Based on 20 opinions, TRGP has a consensus "strong_buy" rating. The average price target is $244.4.
Last updated: 3/14/2026