NASDAQ · STOCK
Targa Resources
$270.50
52W $144.14 – $291.04
49/100
$58.03B
27.4
0.70
Is TRGP Bullish or Bearish?
Mixed.
Innellis AI committee rates Targa Resources (TRGP) Watch with a composite score of 49/100
, based on 7 analysts with 71% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +10.70 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 — -9.30 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. News Analyst sees a compelling case — news sentiment is positive (+0.18 across 11 articles, 14d). 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
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- News sentiment is positive (+0.18 across 11 articles, 14d) — News
Bear Case
- P/E of 27.0 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
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — 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 July 31, 2026
Overall Committee Score
49/100
Agreement
71%
Analysts
7
Conviction
Moderate
Sector Rank
Top 95%
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 27.0 is moderate-to-rich
Growth Analyst
neutral
53
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ EPS growing 65.9% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
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
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
63
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.18 across 11 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 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 50.0 to 49.3.
- Conviction changed from contested to moderate.
- Committee agreement increased notably from 57% to 71%.
- New bearish signals: 3 appeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
45.5
Neutral
MACD Histogram
-1.926
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$230.48
Resistance
$279.31
Bollinger %B
0.33
Inside Bands
Price vs Moving Averages
EMA 9
$271.79
Below
EMA 21
$272.89
Below
EMA 50
$268.21
Above
EMA 200
$233.00
Above
Fundamental Analysis
Valuation
50
Growth
52
Profitability
1
Financial Health
0
Cash Flow
35
Valuation
P/E Ratio
27.4×
P/B Ratio
18.53×
PEG Ratio
0.34
Dividend Yield
0.02%
52W High
$291.04
52W Low
$144.14
Quality & Growth
ROE
60.1%
ROA
7.3%
Gross Margin
29.9%
Operating Margin
21.1%
Revenue Growth YoY
—
Debt / Equity
6.10
AI Fundamental Assessment
P/E ratio of 27.4 (moderate relative to a 15-40x range); Price-to-book of 18.5x; PEG ratio of 0.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.6%; Return on assets of 0.1%; Net margin of 0.1%; Gross margin of 0.3%; Current ratio of 0.72 (tight short-term liquidity); Debt-to-equity of 6.10; Free cash flow margin of 0.1% (thin cash generation); Free cash flow per share is positive (1.22); Most recent quarter missed estimates by 13.7%; EPS growth decelerating (+15.0% -> -12.6% QoQ); Analyst estimates rising over recent quarters
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