Shares of Targa Resources Inc. (TRGP) Exceed 52-Week High

2021-09-28

NYSE - New York Stock Exchange · Natural Gas · Natural Gas Liquids · Oil · United States

Shares of Targa Resources Inc. (NYSE:TRGP)traded today at $50.51, eclipsing its 52-week high. So far today approximately 392,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Targa Resources Inc. (NYSE:TRGP) is currently priced 949.6% above its average consensus analyst price target of $-418.02.

In the past 52 weeks, Targa Resources Inc. share prices are bracketed by a low of $13.22 and a high of $50.51 and is now at $49.20, 272% above that low price.

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 813,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.

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