Targa Resources stock rises 1.18% and outperforms peers
Updated
Updated · MarketWatch · May 7
Targa Resources stock rises 1.18% and outperforms peers
10 articles · Updated · MarketWatch · May 7
Shares closed at $252.44 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
The stock finished 3.63% below its 52-week high of $261.95 reached on 5 May.
Targa beat sector rivals including Enterprise Products, Kinder Morgan and Cheniere Energy, while trading volume of 1.6 million topped its 50-day average of 1.4 million.
With insiders selling and debt high, is Targa's record-breaking expansion a brilliant move or a risky gamble at the market peak?
As AI supercharges energy demand, can Targa's massive fossil fuel expansion outrun the risks of a global clean energy transition?