Targa Resources traded at $271.99 this Friday May 15th, increasing $4.51 or 1.69 percent since the previous trading session. Looking back, over the last four weeks, Targa Resources gained 13.42 percent. Over the last 12 months, its price rose by 64.16 percent. Looking ahead, we forecast Targa Resources to be priced at 266.52 by the end of this quarter and at 250.77 in one year, according to Trading Economics global macro models projections and analysts expectations.
Targa Resources Corp. is a midstream infrastructure company in North America. The Company owns, operates, acquires, and develops a diversified portfolio of domestic midstream infrastructure assets. The Company operates through two segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs); and assets used for the gathering and terminaling and/or purchase and sale of crude oil. The Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products.