Targa Resources Corp.’s Stock Price Soars to $96.94, Marking an Impressive Increase of 3.93%

Targa Resources Corp. (TRGP)

96.94 USD +3.67 (+3.93%) Volume: 3.81M

Uncovering Targa Resources Corp.’s stock price performance, with a current stock value standing at 96.94 USD, a notable trading session surge of +3.93%, and a trading volume reaching 3.81M. With an impressive year-to-date percentage change of +11.59%, TRGP’s stock continues to demonstrate a bullish trend in the market.

Latest developments on Targa Resources Corp.

Targa Resources Corp. (NYSE:TRGP) has been making waves in the energy sector, with key events such as the startup of a new gas processing plant in the Permian basin and a bullish forecast for 2024 profit growth. Despite Q4 earnings and revenues missing estimates, the pipeline operator reported record earnings for Q4 and an optimistic outlook for 2024. This strong performance has propelled Targa Resources stock up by 5.54% to $93.17, setting a new 1-year high at $92.34. The company’s multi-channel disclosure practices and improved relative strength are further indicators of a promising future.

A look at Targa Resources Corp. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Targa Resources Corp. is a company that provides services for natural gas and natural gas liquids. They own interests in a limited partnership and are involved in various aspects of the natural gas industry. This includes gathering, compressing, treating, processing, and selling natural gas, as well as storing, fractionating, treating, transporting, and selling natural gas liquids and related products.

Looking at the Smartkarma Smart Scores, Targa Resources has a mixed long-term outlook. While the company scores well in growth and momentum, with scores of 4 out of 5, it falls short in value and resilience, with scores of 2 out of 5. Dividend is also lower, with a score of 1 out of 5. This suggests that while Targa Resources may see strong growth and momentum in the future, investors should be cautious of the company’s value and resilience. It may not be the most stable or undervalued company, but it does show potential for growth and positive momentum in the long-term.

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