Targa Resources Corp (NYSE:TRGP) has been
undervalued by 32%. Furthermore, the company's stock price increased by 3.17% on Jun 26, signifying market confidence in its performance. Recently, TRGP secured $1.5 billion through
dual senior notes offering at reduced interest rates, which significantly bolstered its financial standing.
RBC further emphasized Targa's strong performance by raising its price target to $205 from $191, preserving its outperform rating. Over the last five years, Targa shareholders have realized a 58% CAGR, demonstrating the firm's consistent growth.
Targa Resources is poised to join the race for the next
Permian Pipeline, a strategic move that could enhance its growth prospects. The resilience of TRGP is underappreciated, with potential upside being overlooked. While the stock lags behind the S&P 500, it has gained 44% in the past year.
Multiple analysts predict that TRGP is a great investment choice given its strong momentum and dividends. The company's recent $1.5 billion senior notes offering and efforts to gain full control of North Dakota assets demonstrates its financial strength and strategic planning.
Targa Resources Corp TRGP News Analytics from Fri, 04 Sep 2020 23:15:18 GMT to Fri, 27 Jun 2025 20:48:35 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 2
