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Targa Resources (TRGP, Oil & Gas Storage & Transportation) Stock Valuation & Fair Value Trading above fair value

Targa Resources (TRGP, Oil & Gas Storage & Transportation) trades at a blended P/E of 29.6, about 19% below its historical normal valuation, with a forward growth estimate of 16.5% and a PEG of 1.79. Analysts' one-year estimates have been hit 18% of the time.

DATA AS OF 2026-08-21
Blended P/E
29.6
Normal P/E
36.6
PEG
1.79
Fwd growth
16.5%
Div yield
1.6%
RSI (14)
69.4
Neutral

The Street vs SeerForecast

Wall Street's mean price target for TRGP is $300.05 across 21 analysts, 0.3% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: trading above fair value. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been trading above fair value since 2026-06-03.

Price and rating by weekClose moved +5.5 percent from 2026-06-03 to 2026-08-17, with 0 rating changes over 21 recorded weeks.2026-06-03: Trading above fair value, close 261.47 (recalculated)2026-06-10: Trading above fair value, close 271.27 (recalculated)2026-06-14: Trading above fair value, close 271.33 (recalculated)2026-06-16: Trading above fair value, close 258.47 (recalculated)2026-06-21: Trading above fair value, close 257.38 (recalculated)2026-07-02: Trading above fair value, close 257.67 (recalculated)2026-07-06: Trading above fair value, close 262.29 (recalculated)2026-07-09: Trading above fair value, close 271.75 (recalculated)2026-07-12: Trading above fair value, close 272.08 (recalculated)2026-07-13: Trading above fair value, close 278.10 (recalculated)2026-07-14: Trading above fair value, close 280.29 (recalculated)2026-07-20: Trading above fair value, close 281.03 (recalculated)2026-07-22: Trading above fair value, close 283.12 (recalculated)2026-07-25: Trading above fair value, close 280.02 (recalculated)2026-07-27: Trading above fair value, close 266.39 (recalculated)2026-07-31: Trading above fair value, close 270.37 (recalculated)2026-08-03: Trading above fair value, close 270.372026-08-07: Trading above fair value, close 256.87 (recalculated)2026-08-10: Trading above fair value, close 256.872026-08-14: Trading above fair value, close 275.79 (recalculated)2026-08-17: Trading above fair value, close 275.792612762026-06-032026-08-17
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

2026-06-03P/E 27.6-24%Trading above fair value
2026-06-10P/E 27.7-24%Trading above fair value
2026-06-14P/E 27.7-24%Trading above fair value
2026-06-16P/E 27.7-24%Trading above fair value
2026-06-21P/E 27.7-24%Trading above fair value
2026-07-02P/E 26.7-27%Trading above fair value
2026-07-06P/E 26.8-27%Trading above fair value
2026-07-09P/E 26.8-27%Trading above fair value
2026-07-12P/E 28.1-23%Trading above fair value
2026-07-13P/E 28.1-23%Trading above fair value
2026-07-14P/E 28.1-23%Trading above fair value
2026-07-20P/E 29.0-21%Trading above fair value
2026-07-22P/E 29.0-21%Trading above fair value
2026-07-25P/E 28.4-22%Trading above fair value
2026-07-27P/E 28.4-22%Trading above fair value
2026-07-31P/E 27.0-26%Trading above fair value
2026-08-03P/E 27.2-26%Trading above fair value
2026-08-07P/E 26.8-27%Trading above fair value
2026-08-10P/E 25.5-30%Trading above fair value
2026-08-14P/E 26.4-28%Trading above fair value
2026-08-17P/E 27.2-26%Trading above fair value
2026-08-21P/E 29.6-19%Trading above fair value ← now

Frequently asked questions

Is Targa Resources stock overvalued?

At a blended P/E of 29.6 versus its historical normal P/E of 36.6, Targa Resources trades about 19% below its typical valuation, with a PEG of 1.79 on 16.5% forward growth. tickerseer currently rates it trading above fair value.

What is Targa Resources's fair value and PEG?

Targa Resources trades at a blended P/E of 29.6 against a historical normal P/E of 36.6, a PEG of 1.79, and a forward growth estimate of 16.5%.

Has tickerseer's rating of Targa Resources changed?

tickerseer's rating has been trading above fair value since 2026-06-03.

What is the analyst price target for Targa Resources?

The mean Wall Street price target for Targa Resources is $300.05 across 21 analysts, 0.3% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Oil & Gas Storage & Transportation. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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