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Updated · MarketWatch · Apr 28Targa Resources Corp. stock rises 2.93% to $248.37, outperforming competitors
7 articles · Updated · MarketWatch · Apr 28
- Shares marked their sixth consecutive day of gains, closing just 2.17% below the 52-week high of $253.87 reached on April 7th.
- Despite a generally weak market session, Targa Resources outperformed rivals such as Enterprise Products Partners, Kinder Morgan, and Cheniere Energy.
- Trading volume was 1.1 million, significantly below the 50-day average of 1.5 million, reflecting lower investor activity amid broader market declines.
With a global LNG surplus looming, can Targa's massive expansion avoid a downturn? Targa boosted its dividend 25%, but is this payout sustainable amid huge spending? As Targa and Cheniere both expand, who will win the Gulf Coast energy race? Will rising inflation and project costs derail Targa's ambitious growth plans? Can America's energy export boom last if global demand for LNG falters?