Targa Resources Corp. (TRGP) has emerged as a leader in the midstream sector with record operational metrics. Investing in this stock five years ago would have seen a whopping
311% gain. TRGP share price has hit several
52-week highs, reaching $157.69. The company has secured considerable financial investments, including a
$1.0 billion offering of Senior Notes and share purchases by
Creative Planning and
Truist Financial Corp among others.
Analysts have assigned TRGP an average recommendation of 'Buy'. Announcements of organizational changes and operational strategies, such as multiple share buy-back programs and rebuffing takeover interests from larger rival companies signal a positive future growth trajectory. Their substantial CapEx spending points to a company poised for growth expansion. That said, some caveats include company's debt risk and insider trading activities. Its Chief Commercial Officer, Robert Muraro, has been reported to have sold shares recently. Overall, the momentum appears strong for TRGP, indicating potential for consistent growth, reaffirmed by
RBC's outperform rating.
Targa Resources Corp TRGP News Analytics from Wed, 06 Jul 2016 03:29:24 GMT to Fri, 04 Oct 2024 20:40:55 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 3
