With a market cap of $46.6 billion, Targa Resources Corp. (TRGP) owns and operates a diversified portfolio of natural gas, natural gas liquids (NGL), and crude oil assets across North America. Through its Gathering and Processing and Logistics and Transportation segments, the company provides integrated services spanning production, storage, transportation, marketing, and resale of energy commodities.
Shares of the Houston, Texas-based company have lagged behind the broader market over the past 52 weeks. TRGP stock has risen 7.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 14.9%. However, shares of the company are up 18.6% on a YTD basis, outpacing SPX's 1.8% gain.
