Targa Resources (TRGP): Reassessing Valuation After Recent Share Price Momentum

Simply Wall St.12-08

Targa Resources (TRGP) has been quietly grinding higher, with the stock up about 5% over the past month and 13% in the past 3 months, outpacing many midstream peers. See our latest analysis for Targa ...

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See our latest analysis for Targa ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-trgp/targa-resources/news/targa-resources-trgp-reassessing-valuation-after-recent-shar\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Targa Resources (TRGP): Reassessing Valuation After Recent Share Price Momentum</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTarga Resources (TRGP): Reassessing Valuation After Recent Share Price Momentum\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-08 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/energy/nyse-trgp/targa-resources/news/targa-resources-trgp-reassessing-valuation-after-recent-shar><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Targa Resources (TRGP) has been quietly grinding higher, with the stock up about 5% over the past month and 13% in the past 3 months, outpacing many midstream peers. See our latest analysis for Targa ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-trgp/targa-resources/news/targa-resources-trgp-reassessing-valuation-after-recent-shar\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://simplywall.st/stocks/us/energy/nyse-trgp/targa-resources/news/targa-resources-trgp-reassessing-valuation-after-recent-shar","article_id":"2589438817","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/9551704-choice2-main-header/1585186816500"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/energy/nyse-trgp/targa-resources/news/targa-resources-trgp-reassessing-valuation-after-recent-shar","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2589438817","pubTimestamp":1765160107,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Targa Resources (TRGP) has been quietly grinding higher, with the stock up about 5% over the past month and 13% in the past 3 months, outpacing many midstream peers.\nSee our latest analysis for Targa Resources.\nZooming out, the recent 3 month share price return of 12.6 percent sits against a mildly negative year to date share price return and a still exceptional 3 year total shareholder return of about 182 percent. This suggests momentum is rebuilding after a pause.\nIf Targa’s move has you...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","TRGP":"Targa Resources Corp","LU0122376428.USD":"贝莱德世界能源基金A2","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","BK4144":"石油与天然气的储存和运输","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU2449327464.USD":"HSBC GIF GLOBAL INFRASTRUCTURE EQUITY \"AC\" (USD) ACC","BK4588":"碎股"},"translate_title":"Targa Resources(TRGP)：在近期股价势头后重新评估估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TRGP":1.5},"content_text":"Targa Resources (TRGP) has been quietly grinding higher, with the stock up about 5% over the past month and 13% in the past 3 months, outpacing many midstream peers. See our latest analysis for Targa Resources. Zooming out, the recent 3 month share price return of 12.6 percent sits against a mildly negative year to date share price return and a still exceptional 3 year total shareholder return of about 182 percent. This suggests momentum is rebuilding after a pause. If Targa’s move has you thinking more broadly about energy infrastructure and income, it could be a good moment to explore fast growing stocks with high insider ownership. With solid earnings growth, a hefty intrinsic value discount and analyst targets still pointing higher, the key question now is simple: Is Targa Resources undervalued today, or is the market already baking in its next leg of growth? AdvertisementMost Popular Narrative: 13.1% Undervalued With Targa Resources last closing at $180.74 against a narrative fair value of $208.00, the story leans toward upside and hinges on future growth delivery.  Substantial investment in integrated export infrastructure including the expansion and debottlenecking of LPG export facilities and new fractionation trains directly leverages rising international and petrochemical sector demand for U.S. NGLs, creating long term opportunities to enhance utilization and operating leverage, which should support higher earnings and margins.  Read the complete narrative. Curious how mid single digit revenue growth, rising margins and a premium future earnings multiple can still point to upside from here? Discover the assumptions powering that $208 fair value and how they reshape the long term profit profile behind this stock. Result: Fair Value of $208 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, rising Permian competition and potential midstream overbuild could pressure fees, squeeze margins, and slow the volume and earnings growth that this thesis depends on. Find out about the key risks to this Targa Resources narrative. Another View: Market Multiple Says Rich, Not Cheap While narrative and intrinsic value work point to upside, the market’s own yardstick tells a cooler story. At about 24 times earnings, Targa trades well above both peers at 14.8 times and the wider US Oil and Gas group at 13.8 times, and even above its 20.3 times fair ratio. That premium suggests investors are already paying up for execution and growth, leaving less room for error if volumes, margins, or capital discipline slip from here. Is this a deserved quality premium, or a valuation that could mean future returns are more muted than the story implies? See what the numbers say about this price — find out in our valuation breakdown. NYSE:TRGP PE Ratio as at Dec 2025 Build Your Own Targa Resources Narrative If you see the story differently or want to dig into the numbers yourself, you can build a custom view in just minutes, Do it your way. A great starting point for your Targa Resources research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision. Looking for more investment ideas? Before you move on, lock in your next set of opportunities by using focused stock screens that uncover ideas you will not spot from headlines alone.  Capture potential mispricings by using these 908 undervalued stocks based on cash flows, which flags companies trading below what their cash flows may justify. Position for breakthroughs in automation and machine intelligence with these 26 AI penny stocks, built to surface high impact names in this space. Strengthen your income strategy through these 15 dividend stocks with yields > 3%, targeting companies that combine yield with solid business fundamentals.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Targa Resources might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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