Targa Resources Corp has seen significant market activity recently. The energy firm increased its presence in the Permian Basin with a
$1.25 billion acquisition of a midstream company. Its Q3 results showed stronger commodity sales and fees, while the launch of the
Forza Pipeline promises to boost Delaware Basin growth. The stock has seen substantial institutional trading, including stakes taken by Energy Income Partners and the Canada Pension Plan Investment Board. Discussions abound regarding a reassessment of Targa's valuation due to recent share price momentum, and it has received
Outperform ratings from RBC Capital and BMO Capital, an
Overweight rating from Capital One, and was named a
Top Dividend Stock. Insight into the company's future reveals ambitious
$1.25 billion acquisition plans to enhance Permian Basin operations while balancing potential risks associated with its debt. Despite missing Q3 revenue estimates, many remain bullish on Targa, praising its cash flow and future potential, particularly amidst strong Q3 earnings and plans for dividend hikes.
Targa Resources Corp TRGP News Analytics from Mon, 07 Apr 2025 07:00:00 GMT to Sat, 13 Dec 2025 11:11:37 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -7
