Valued at a market cap of $36.6 billion, Targa Resources Corp. (TRGP) is a leading midstream energy infrastructure company headquartered in Houston, Texas. Founded in 2005, Targa specializes in the gathering, compressing, treating, processing, transporting, storing, and selling of natural gas and natural gas liquids (NGLs).
Shares of this energy company have significantly surpassed the broader market over the past 52 weeks. Targa Resources has rallied 44% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.5%. However, on a YTD basis, the stock is down 6.8%, compared to SPX’s marginal rise.
