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Blue Chip Growth

Stock Report: Targa Resources Corp. (TRGP) Report Updated: Aug 22, 2016 | Print This Page

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Targa Resources Corp. (TRGP)

Rating: Sell Volatility: Moderate
Total Grade: D Industry: Oil Gas & Consumable Fuels
Competitors: PXD,PE,SE,REN

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: D down no change
Last Week: D same no change
Two Weeks Ago: D up no change
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Targa Resources Corp.© quotemedia

Company Profile

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 11,400 miles of natural gas pipelines, including 12 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2014, the company leased and managed approximately 716 railcars; 75 owned and leased transport tractors; and 22 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.