TRGP · NYSE · STOCK
Targa Resources (TRGP) Stock Analysis
$292.30
52W $144.14 – $307.94
55/100
$62.72B
27.7
0.72
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 67% agreement.
Last updated September 20, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +5.02 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 — -14.98 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
Supporting evidence favours the bullish case. The main limiting factor is high leverage (debt-to-equity 5.68) amplifies downside in a stress scenario. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- ROE of 72.2% shows genuine earnings power backing the valuation — Value
- EPS growing 40.4% YoY — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- P/E of 27.6 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
- Revenue declining -2.0% YoY -- this is not a growth story right now — Growth
- MACD histogram negative -- bearish momentum — Technical
- High leverage (debt-to-equity 5.68) amplifies downside in a stress scenario — 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 September 20, 2026
Overall Committee Score
55/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 72%
of 93 Energy peers
Value Analyst
neutral
45
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 72.2% shows genuine earnings power backing the valuation
− P/E of 27.6 is moderate-to-rich
Growth Analyst
bullish
62
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 40.4% YoY
− Revenue declining -2.0% YoY -- this is not a growth story right now
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− 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
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.21 across 14 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2518.64)
Investment Thesis Evolution
Committee score moved marginally from 55.0 to 55.0.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bearish signal(s).
Comparing 2026-09-19 to 2026-09-20 (1 day apart).
Technical Analysis
RSI (14)
58.5
Neutral
MACD Histogram
-1.239
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Bollinger %B
0.58
Inside Bands
Price vs Moving Averages
EMA 9
$288.89
Above
EMA 21
$288.08
Above
EMA 50
$281.99
Above
EMA 200
$247.91
Above
Fundamental Analysis
Valuation
50
Growth
87
Profitability
70
Financial Health
0
Cash Flow
70
Valuation
P/E Ratio
27.7×
P/B Ratio
17.18×
PEG Ratio
0.55
Dividend Yield
1.54%
52W High
$307.94
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
5.51
AI Fundamental Assessment
P/E ratio of 27.7 (moderate relative to a 15-40x range); Price-to-book of 17.2x; PEG ratio of 0.6 (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 5.51; Free cash flow per share is positive (3.45); 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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