Targa Resources Corp.·Energy

Targa Resources (TRGP) is positioned for continued growth, leveraging its dominant Permian Basin midstream footprint and volume-driven business model. TRGP's forward growth is underpinned by multiple new gas processing plants and the Speedway NGL Pipeline, with major impacts expected in 2027–2028. Despite a low 1.63% yield and a premium valuation, TRGP's consistent cash flow growth and project-backed expansion support a strong Hold or weak Buy rating.

Q1 2026 was an exceptional quarter for energy stocks thanks to war in the Middle East, but Q2 2026 is not guaranteed to step in its footsteps. Energy prices can go higher and push the sector higher, but they do not have to if the U.S. can neutralize Iran's ability to project force. While energy stocks are benefiting from the fighting in the short term, it may actually come back to hurt them in the long run.

TRGP stock rallies 40% in 3 months, backed by fee-based cash flows, Permian growth and expansion projects, but premium valuation and risks cloud upside.

Secure Asset Management LLC grew its position in Targa Resources, Inc. (NYSE: TRGP) by 19.6% during the undefined quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,892 shares of the pipeline company's stock after purchasing an additional 2,114 shares during the period. Secure Asset Management

Aberdeen Group plc lifted its position in Targa Resources, Inc. (NYSE: TRGP) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,156 shares of the pipeline company's stock after buying an additional 5,443 shares during the period.

Shares of Targa Resources, Inc. (NYSE: TRGP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have given a
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
Energy
Oil & Gas Midstream
3,370
2010-12-07
0.81