Targa Resources Corp. (TRGP) Stock Rating & Analysis

Targa Resources Corp is a midstream company that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal, and the Grand Prix natural gas liquids pipeline is another key asset. It runs two operating segments: Gathering and Processing, and Logistics and Transportation (also called the Downstream Business).