Is Targa Resources Stock Still a Buy After Doubling in 2024?

Targa Resources Corp. (TRGP) has solidified its position as the second-best performing Oil/Energy stock on the S&P 500 in 2024, delivering a remarkable return of more than 100%. Only Texas Pacific Land Corporation (TPL) has surpassed it, surging 123%. TRGP’s meteoric growth far outshines leading energy stocks like ExxonMobil (XOM) , up a modest 10.1%, and Chevron (CVX) , which edged up 0.7%.TRGP, TPL, XOM, CVX Year-to-Date Stock PerformanceImage Source: Zacks Investment ResearchThis extraordinary rally rais ...