TRGP · NASDAQ · STOCK
Targa Resources
$256.91
52W $144.14 – $291.04
55/100
$55.14B
24.4
0.70
Is TRGP Bullish or Bearish?
Mixed.
Innellis AI committee rates Targa Resources (TRGP) Watch with a composite score of 55/100
, based on 6 analysts with 50% agreement.
Last updated August 08, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +5.03 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -14.97 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — eps growing 65.9% yoy. Risk Analyst remains cautious — high leverage (debt-to-equity 5.68) amplifies downside in a stress scenario. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 74.2% shows genuine earnings power backing the valuation — Value
- EPS growing 65.9% YoY — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- News sentiment is positive (+0.20 across 17 articles, 14d) — News
Bear Case
- P/E of 25.9 is moderate-to-rich — Value
- Price-to-book of 12.9x prices in significant intangible value — Value
- Debt-to-equity of 5.68 adds balance-sheet risk to the value case — Value
- MACD histogram negative -- bearish momentum — Technical
- High leverage (debt-to-equity 5.68) amplifies downside in a stress scenario — Risk
- Current ratio of 0.67 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 08, 2026
Overall Committee Score
55/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 75%
of 40 Energy peers
Value Analyst
neutral
45
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 74.2% shows genuine earnings power backing the valuation
− P/E of 25.9 is moderate-to-rich
Growth Analyst
bullish
70
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 65.9% YoY
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
32
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 5.68) amplifies downside in a stress scenario
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 17 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 55.0 to 55.0.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-08-07 to 2026-08-08 (1 day apart).
Technical Analysis
RSI (14)
35.0
Neutral
MACD Histogram
-2.037
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$230.48
Resistance
$279.31
Bollinger %B
0.07
Inside Bands
Price vs Moving Averages
EMA 9
$265.32
Below
EMA 21
$268.94
Below
EMA 50
$267.19
Below
EMA 200
$234.44
Above
Fundamental Analysis
Valuation
54
Growth
87
Profitability
70
Financial Health
0
Cash Flow
70
Valuation
P/E Ratio
24.4×
P/B Ratio
15.10×
PEG Ratio
0.49
Dividend Yield
1.75%
52W High
$291.04
52W Low
$144.14
Quality & Growth
ROE
6011.9%
ROA
731.4%
Gross Margin
3655.6%
Operating Margin
2312.7%
Revenue Growth YoY
—
Debt / Equity
5.35
AI Fundamental Assessment
P/E ratio of 24.4 (inexpensive relative to a 15-40x range); Price-to-book of 15.1x; PEG ratio of 0.5 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 60.1%; Return on assets of 7.3%; Net margin of 13.5%; Gross margin of 36.6%; Current ratio of 0.77 (tight short-term liquidity); Debt-to-equity of 5.35; Free cash flow per share is positive (2.70); Most recent quarter beat estimates by 27.7%; EPS growth accelerating (-12.6% -> +60.2% QoQ); Average YoY EPS growth of 23.3%; Analyst estimates rising over recent quarters
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