From the current market analysis,
Targa Resources Corp (TRGP) shows significant resilience amid changing market conditions. The stock recently pulled back by 3.0%, although, over the last five years, the company has provided its shareholders with an impressive 58% CAGR.
Morgan Stanley has recommended a 'Buy' for TRGP, with Q2 financial results showing a strong performance. The company has announced a share repurchase program, with increased confidence shown by top executives who have majorly invested in the stock. The company looks poised for growth, signaling
steady leadership and smart liquidity, even in this period of market volatility. TRGP made strategic progress in
Permian revenues and export plans, leading to an underappreciated resilience that promises significant upside. TRGP's valuation is deemed attractive at a 44% discount. This, combined with strong earnings and an expanded buyback program, has made the stock a great choice for growth investors. The increasing shareholder returns, coupled with the recent
$1 Billion share buyback announcement, solidly positions TRGP as a strong midstream play. The consensus ROE from Goldman Sachs also indicates positive investor sentiment.
Targa Resources Corp TRGP News Analytics from Sat, 14 Sep 2024 07:00:00 GMT to Sat, 23 Aug 2025 15:34:53 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -3
