Targa Resources stock holds near its 52-week high

Published on 09/22/2026 at 16:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Targa Resources stock closed at USD 289.36 on September 21, 2026, 6.0 percent below its 52-week high. Capital One kept a Buy rating on September 22.

TRGP, US87612G1013, Illustration mit AI erstellt.

Targa Resources Corp. (ISIN US87612G1013) closed at USD 289.36 on Nasdaq on September 21, 2026, down 0.97 percent from the previous close. The price was 6.04 percent below the 52-week high of USD 307.94 and 100.72 percent above the 52-week low of USD 144.14.

Capital One keeps Buy rating

According to MarketScreener on September 22, 2026, Capital One Securities maintained a Buy recommendation for Targa Resources. The same report put the average analyst price target at USD 323.95, which was 11.95 percent above the latest closing price of USD 289.36.

The recommendation comes after a strong year-to-date share performance. Yahoo Finance reported a 57.53 percent gain for TRGP stock in 2026 as of September 22, 2026, while the one-year performance stood at 76.76 percent. The comparison shows that the annual advance has materially outpaced the latest five-day gain of 1.18 percent.

Power contract adds operating context

On September 22, 2026, PROPWR, a ProPetro unit, signed contracts covering approximately 230 megawatts of power supply for Targa Resources, according to Investing.com. The contract capacity provides a concrete operating datapoint alongside the analyst target, although the report does not quantify its effect on Targa revenue or earnings.

Market data showed a capitalization of USD 62.05 billion at the September 21, 2026 close, with volume of 3.82 million shares and an average daily volume of 1.16 million shares. The reported volume was 229.31 percent of the average, while the price remained below the annual high.

Stock remains below yearly high

Targa Resources stock closed at USD 289.36 on Nasdaq on September 21, 2026. The combination of a 57.53 percent year-to-date gain, a 6.04 percent gap to the 52-week high, and a USD 323.95 average target defines the current valuation discussion without establishing a trading recommendation.