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Targa Resources ( (TRGP) ) just unveiled an announcement.
On November 12, 2025, Targa Resources Corp. completed a public offering of $750 million in 4.350% Senior Notes due 2029 and $1 billion in 5.400% Senior Notes due 2036. The proceeds are intended to redeem existing notes and support general corporate purposes, including debt repayment and capital expenditures, potentially impacting the company’s financial flexibility and market positioning.
The most recent analyst rating on (TRGP) stock is a Buy with a $261.00 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’ strong earnings call performance and positive technical indicators are significant strengths. However, high leverage and a relatively high P/E ratio pose risks. The company’s strategic growth initiatives and dividend increase proposal support long-term growth potential, but short-term challenges remain.
To see Spark’s full report on TRGP stock, click here.
More about Targa Resources
Targa Resources Corp. operates in the energy sector, primarily focusing on the transportation and storage of natural gas and natural gas liquids. The company provides midstream services and is involved in gathering, compressing, treating, processing, and selling natural gas and natural gas liquids.
Average Trading Volume: 1,521,648
Technical Sentiment Signal: Strong Buy
Current Market Cap: $36.38B
Learn more about TRGP stock on TipRanks’ Stock Analysis page.