Is Targa Resources Stock Underperforming the Nasdaq?

Based in Houston, Texas, Targa Resources Corp. (TRGP) is a leading U.S. midstream energy company operating through its Gathering & Processing and Logistics & Transportation segments. Valued at a market cap of $35.8 billion, the company also offers NGL balancing services and transportation services to refineries and petrochemical companies. Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and TRGP fits the label perfectly, with its market cap exceeding this threshold, ...