Targa Resources Corp. (TRGP) has been a central focus in the finacial market. The company is strengthening its presence in the Permian with strategic acquisitions and expansions, including a $1.25 billion acquisition of Stakeholder Midstream. The result of this acquisition has added approximately $200 million to the company's Free Cash Flow. RBC capital has raised the price target to $2 and maintained an outperform rating on the TRGP after a Q3 beat. Furthermore, Targa is exploring new ventures, demonstrated by the launch of Forza Pipeline, which is expected to augment the growth in the Delaware Basin. Despite a 9% revenue miss against analyst predictions, the underlying cash flow remains underappreciated and the company's strong Q3 results alongside dividend proposals have prompted investor action. The stock has also seen sturdy trading, with purchases by numerous asset management companies outweighing the sales. However, TRGP has had a weak performance compared to its competitors on certain days.
Targa Resources Corp TRGP News Analytics from Thu, 08 May 2025 07:00:00 GMT to Sat, 06 Dec 2025 11:25:09 GMT -
Rating +5
- Innovation -2
- Information +6
- Rumor -3
