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Targa Resources Corp TRGP - News Analyzed: 3,877 - Last Week: 100 - Last Month: 500

⇑ Targa Resources Corp (TRGP) Continues to Record Highs Amid Strategic Developments

Targa Resources Corp (TRGP) Continues to Record Highs Amid Strategic Developments
Targa Resources Corp. (TRGP) has been shaping a positive trajectory in both the infrastructure and energy market. The company has seen a 75% growth Year to Date (YTD), making it a possibly lucrative addition to a portfolio. Notably, it participated in various conferences and announced vital organizational changes. Banks, such as Bank of Montreal and several investment management firms, have increased positions in the company, hinting at increased confidence in its performance. TRGP has recently reached a $1.0 Billion offering of senior notes, and its shares have hit a new 1-year high multiple times. Observing its Return On Equity (ROE) of 30%, it is construed as a strong momentum stock with dividend growth. TRGP was purportedly rebuffed for a takeover by rival Williams, emphasizing the company's strong market position. Over the past five years, investment in TRGP would have delivered a whopping 311% gain. However, the stock's performance and its high CAPEX spending indicate large growth potential with some debt risk. Reported insider sales raise some questions, but the overall sentiment seems bullish.

Targa Resources Corp TRGP News Analytics from Fri, 04 Sep 2020 23:15:18 GMT to Sun, 29 Sep 2024 12:04:28 GMT - Rating 8 - Innovation 6 - Information 8 - Rumor 4

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