BMO Capital has initiated coverage on Targa Resources Corp (TRGP) with an Outperform rating as of September 18, 2025. The current stock price stands at $171.53. This marks BMO's first assessment of the company's investment potential based on in-depth research and analysis of its business and industry dynamics.
Targa Resources operates in the energy sector, focusing on gathering, compressing, treating, processing, transporting, and selling natural gas. The company is headquartered in Houston, Texas, and employs approximately 3,370 full-time staff. Targa went public on December 7, 2010, and has built a diversified portfolio of midstream infrastructure assets across the United States.
As of November 20, 2025, Targa Resources boasts a market capitalization of $36.5 billion, a P/E ratio of 21.13, and an EPS of 7.95. The company has a dividend yield of 235.1%. Upcoming earnings reports are scheduled for April 29, 2026, with an estimated EPS of $2.34 and revenue of $6.3 billion, followed by another report on August 5, 2026, with an estimated EPS of $2.27 and revenue of $6.1 billion.
Analyst consensus indicates 10 Strong Buy, 16 Buy, and 3 Hold ratings, reflecting a general positive outlook on the stock. Recent actions in analyst ratings show a trend of maintaining or upgrading positions, highlighting the growing confidence in Targa’s performance in the energy sector.