Updated
Updated · MarketWatch · May 1
Targa Resources stock slips 2.23%, ending eight-day winning streak
Updated
Updated · MarketWatch · May 1

Targa Resources stock slips 2.23%, ending eight-day winning streak

5 articles · Updated · MarketWatch · May 1
  • Shares closed at $254.28 on Friday, 2.38% below the 52-week high of $260.49 reached on April 30.
  • The stock lagged peers including Enterprise Products Partners, Kinder Morgan and Cheniere Energy, which also fell but by smaller percentages.
  • Trading volume was about 1.0 million shares, roughly 471,447 below its 50-day average, during a mixed session in which the S&P 500 rose and the Dow fell.
With Targa's strong growth outlook, why did shares fall sharply despite record earnings and a raised dividend forecast?
Could ongoing geopolitical tensions and volatile energy prices derail Targa’s ambitious expansion and dividend plans for 2026?