Valued at a market cap of $35.1 billion, Targa Resources Corp. (TRGP) is a leading midstream energy infrastructure company that owns and operates a vast network of assets across North America. Headquartered in Houston, Texas, it operates through its Gathering & Processing and Logistics & Transportation segments.
Shares of this energy company have slightly lagged behind the broader market over the past 52 weeks. Targa Resources has rallied 14.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.4%. Moreover, on a YTD basis, the stock is down 8.6%, compared to SPX’s 9.7% rise.
