The stock price of Targa Resources Corp. (NYSE:TRGP) decreased by 6.83% from September 26 to October 3, 2025, landing it on the list of Energy Stocks Experiencing Significant Losses This Week.
Targa Resources Corp. (NYSE:TRGP) stands as a prominent provider of midstream services and ranks among the largest independent infrastructure entities in North America.
The company faced a challenge last month when Bank of America lowered its share price target from $220 to $200, while still retaining a ‘Buy’ recommendation. Additionally, the recent dip in oil prices has exacerbated the stock’s decline.
Nonetheless, Targa Resources Corp. (NYSE:TRGP) maintains its growth trajectory and announced this week its intention to continue developing the Speedway NGL Pipeline as well as a new gas processing facility to accommodate increased production demands in the Permian basin. The total estimated expenditure for these projects is reported to be $1.6 billion. In addition, the company confirmed its plans to advance the construction of the Yeti gas processing plant with a capacity of 275 million cubic feet per day in the Permian Delaware Basin.
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