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Targa Resources ( (TRGP) ) has issued an announcement.
On June 4, 2025, Targa Resources Corp. announced the pricing of a $1.5 billion offering of senior notes, consisting of $750 million of 4.900% Senior Notes due 2030 and $750 million of 5.650% Senior Notes due 2036. The proceeds from this offering are intended to redeem the 6.500% Senior Notes due 2027 and for general corporate purposes, such as repaying borrowings and funding capital expenditures. This move is expected to impact Targa’s financial strategy by refinancing existing debt and supporting its operational investments.
The most recent analyst rating on (TRGP) stock is a Buy with a $147.00 price target. To see the full list of analyst forecasts on Targa Resources stock, see the TRGP Stock Forecast page.
Spark’s Take on TRGP Stock
According to Spark, TipRanks’ AI Analyst, TRGP is a Outperform.
Targa Resources’ overall stock score reflects strong financial performance and a positive earnings outlook, bolstered by significant corporate actions. However, technical indicators suggest caution in the short term, and a high valuation poses some risk. Continued focus on leverage reduction and operational efficiency will be key to sustaining growth.
To see Spark’s full report on TRGP stock, click here.
More about Targa Resources
Targa Resources Corp. is a leading provider of midstream services and one of the largest independent infrastructure companies in North America. The company owns, operates, acquires, and develops a diversified portfolio of domestic infrastructure assets, focusing on the efficient, safe, and reliable delivery of energy across the United States and globally. Targa’s operations include gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products; and gathering, storing, terminaling, and purchasing and selling crude oil.
Average Trading Volume: 2,251,937
Technical Sentiment Signal: Buy
Current Market Cap: $34.86B
See more data about TRGP stock on TipRanks’ Stock Analysis page.