Targa Resources, Inc. (TRGP) has observed high degree of movement in recent times, with multiple financial institutions adjusting their stake. Noteworthy acquisitions include Munro Partners,
RBC Capital maintaining their 'Outperform' rating, and OFI Invest Asset Management's significant $52.62 million position. The company has also been bolstered by various projects including the launching of the
Forza Pipeline to enhance growth in the Delaware Basin. Additionally,
Targa has acquired Stakeholder Midstream for $1.25 billion adding approximately $200 million FCF which has potentially enhanced their Permian Basin operations. However, its financial performance showed that Targa fell short of analyst revenue estimates by 9.0%. Nonetheless, analyst consensus reveals a 'Moderate Buy' suggestion overall. Furthermore, TRGP has revealed plans for a new $1.6 billion, 500-mile pipeline project from Permian Basin to Mont Belvieu.
Targa Resources Corp TRGP News Analytics from Fri, 21 Mar 2025 07:00:00 GMT to Fri, 26 Dec 2025 11:37:53 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -2
