Jefferies cuts Targa Resources target to USD 326 for Targa Resources stock

Published on 10/16/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Targa Resources declared a USD 1.25 dividend for the third quarter. Targa Resources stock costs EUR 252.00 on October 16, 2026 at Lang & Schwarz.

Targets and dividend dates

Jefferies set a USD 326.00 target on October 15, 2026, down from USD 345.00.
Targa Resources declared a USD 1.25 dividend on October 13, 2026, payable November 17, 2026.
Targa Resources stock traded at EUR 252.00 at 10:37 a.m. CEST at Lang & Schwarz on October 16, 2026.

TRGP, US87612G1013, Illustration mit AI erstellt.

Targa Resources (ISIN US87612G1013) traded at EUR 252.00 at Lang & Schwarz on October 16, 2026 at 10:37 a.m. CEST. Markets Insider reported on October 15, 2026 that Jefferies cut its target from USD 345.00 to USD 326.00 while keeping a Buy rating.

Target cut keeps risk visible

The Jefferies note tied the lower target to a projected quarter-over-quarter marketing loss. It cited compression of the Waha differential and higher liquefied petroleum gas spot cargo freights as pressure points, while still pointing to growth linked to Targa's Exxon agreement.

The recent sequence has three measurable markers. On August 17, 2026, Targa announced 20-year agreements with ExxonMobil and three new natural gas processing plants, according to its investor-relations page. On October 13, 2026, the company announced a USD 1.25 quarterly dividend. The October 15, 2026 Jefferies target cut is the latest event.

What does the dividend signal?

The dividend declaration provides a defined cash-return date while the analyst note frames the next results as the nearer operating test. Targa will pay USD 1.25 per share on November 17, 2026, to shareholders of record on October 30, 2026, under the company release dated October 13, 2026.

Dates shape the next catalyst

Targa scheduled its third-quarter 2026 results before the US market opens on November 5, 2026, followed by an 11:00 a.m. ET webcast, according to the same Targa Resources release. For investors, the key comparison is between the operating pressures cited by Jefferies and the infrastructure growth represented by the ExxonMobil agreements.

Stock and scheduled dates

Targa Resources is listed on the NYSE under TRGP and is included in the S&P 500. The company operates midstream infrastructure for natural gas and natural gas liquids across North America.

Targa Resources stock was trading at EUR 252.00 at Lang & Schwarz on October 16, 2026 at 10:37 a.m. CEST.

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