Scotiabank Keeps Their Buy Rating on Targa Resources (TRGP)

Scotiabank analyst Brandon Bingham maintained a Buy rating on Targa Resources today and set a price target of $249.00.

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Bingham covers the Energy sector, focusing on stocks such as Targa Resources, Williams Co, and Kinetik. According to TipRanks, Bingham has an average return of 19.7% and an 86.57% success rate on recommended stocks.

In addition to Scotiabank, Targa Resources also received a Buy from Stifel Nicolaus’s Selman Akyol in a report issued today. However, on May 4, Seaport Global downgraded Targa Resources (NYSE: TRGP) to a Hold.

Based on Targa Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.06 billion and a net profit of $545 million. In comparison, last year the company earned a revenue of $4.41 billion and had a net profit of $351 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRGP in relation to earlier this year. Most recently, in March 2026, Robert Muraro, the CCO of TRGP sold 24,589.00 shares for a total of $5,934,309.26.