Barclays raises target for Targa Resources stock to USD 294.00

Published on 10/13/2026 at 15:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 4.20 percent to USD 4.44 billion. Targa Resources stock costs EUR 260.60 on October 13, 2026, up 0.31 percent on NYSE.

Target increase and earnings date

Barclays lifted its Targa Resources target from USD 284.00 to USD 294.00 on October 8, 2026.
Second-quarter revenue rose 4.20 percent to USD 4.44 billion.
Targa Resources stock costs EUR 260.60 at Lang & Schwarz on October 13, 2026 at 3:42 p.m. CEST, with the stock up 0.31 percent on the day on the NYSE.
MarketBeat estimates the next report for November 4, 2026.

TRGP, US87612G1013, Illustration mit AI erstellt.

Targa Resources (ISIN US87612G1013) received a higher Barclays price target, rising from USD 284.00 to USD 294.00 in a research note dated October 8, 2026. According to Markets Insider, Barclays kept its Overweight rating. At Lang & Schwarz, the euro quote was EUR 260.60 on October 13, 2026 at 3:42 p.m. CEST; TRGP was up 0.31 percent on the day on the NYSE.

Revenue reaches USD 4.44 billion

Targa Resources reported USD 4.44 billion in revenue for the second quarter of 2026, up 4.20 percent from the same quarter a year earlier. Net income reached USD 765.00 million, an increase of 21.50 percent year over year, while diluted earnings per share came to USD 3.54.

Those second-quarter figures are reported by GreekSoup from Targa Resources filings dated August 6, 2026. The comparison matters because revenue growth was modest beside the 21.50 percent rise in net income, pointing to stronger earnings conversion during the period.

Stock stays below its yearly high

TRGP traded at USD 291.43 on the NYSE at 9:57 a.m. EDT on October 13, 2026, while its 52-week range was USD 144.14 to USD 307.94. The latest price therefore stood 5.36 percent below the 52-week high, calculated from the same USD quotation and range.

Market capitalization was USD 62.6 billion, the trailing price-to-earnings ratio was 27.78, and the dividend yield was 2.00 percent as of October 13, 2026. Targa Resources operates natural gas, natural gas liquids and crude oil infrastructure through its Gathering and Processing and Logistics and Transportation businesses.

Results are scheduled for November

MarketBeat estimates that Targa Resources will report third-quarter 2026 results on November 4, 2026, before the market opens. Its listed consensus is USD 2.69 for earnings per share and USD 4.72 billion for revenue, compared with USD 2.20 and USD 4.15 billion in the year-earlier quarter.

Comparison with peers

Targa Resources: plus 0.31 percent, P/E 27.78, market capitalization USD 62.6 billion

Williams Companies (NYSE, USD): minus 0.36 percent, P/E 29.33, market capitalization USD 90.4 billion

Kinder Morgan (NYSE, USD): plus 0.02 percent, P/E 21.19, market capitalization USD 73.7 billion

Price and trading context

Targa Resources was trading at EUR 260.60 at Lang & Schwarz on October 13, 2026 at 3:42 p.m. CEST. The NYSE move was plus 0.31 percent on the day, while the US quotation remained below its USD 307.94 52-week high.

The further course of trading is shown by the continuously updated real-time quote of Targa Resources stock.