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TRGP
TARGA RESOURCES CORP
Energy · Oil & Gas Storage & Transportation
$239.49
+2.28%
Vol: 0.1M
Araverus Market Read
Thursday, March 19, 2026
Targa Resources maintains momentum with Morgan Stanley $298 price target and strong analyst consensus for midstream strength
Targa Resources received multiple analyst upgrades in early March 2026, with Morgan Stanley raising the price target to $298 from $266 and J.P. Morgan maintaining their Buy rating, reflecting confidence in the midstream energy platform. The company completed significant acquisitions and announced dividend increases that demonstrate strong cash generation and shareholder commitment. 21 of 21 analysts recommend buying the stock with a Strong Buy consensus, positioning the stock for continued strength as energy markets normalize.
Price 50d 200d
Previous Market Reads
2 of 2 daysSector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| XOMEXXON | $158.21 | +0.39% | +8.2% | 18.3x | 0.35 | $659.0B |
| CVXCHEVRON | $201.37 | +1.39% | +11.6% | 21.5x | 0.66 | $402.7B |
| COPCONOCOPHILLIPS | $125.98 | +1.88% | +16.8% | 18.5x | 0.28 | $154.0B |
| WMBWILLIAMS | $74.09 | +1.77% | +3.7% | 28.3x | 0.65 | $90.5B |
| EOGEOG | $138.87 | +0.98% | +15.9% | 12.3x | 0.43 | $75.3B |
| KMIKINDER | $33.43 | +2.27% | +4.1% | 22.9x | 0.65 | $74.4B |
| VLOVALERO | $241.86 | +1.43% | +22.7% | 16.9x | 0.73 | $73.8B |
| SLBSLB | $47.83 | +5.53% | -4.0% | 14.4x | 0.71 | $71.8B |
| PSXPHILLIPS | $178.35 | +2.93% | +13.7% | 13.6x | 0.87 | $71.5B |
Fundamentals
Market Cap$51.5B
P/E (TTM)28.2
Forward P/E21.6
Beta0.85
Div Yield171.00%
Prev Close$234.15
RSI (14-Day)
54Neutral
0305070100
52-Week Range
$144.14$239.49$250.00
From High-4.2%
From Low+66.2%
Moving Averages
50d SMA
$213.94+11.9%
200d SMA
$178.07+34.5%
Price above both MAs — bullish structure.
Returns
1W
+0.6%
1M
+5.2%
3M
+36.4%
6M
+45.5%
1Y
+26.2%
YTD
+28.9%
Volume
Today82K
20d Avg1.6M
Ratio0.05x