Visit the full analysis for the latest explanation of Targa Resources Corp.'s stock movement.
Targa Resources is a major midstream energy company that gathers, processes, and transports natural gas and natural gas liquids (NGLs), with a dominant position in the Permian Basin. The company operates processing plants, fractionation facilities, and LPG export terminals along the Gulf Coast. Today's Q4 earnings miss, despite strong underlying volume growth, triggered profit-taking after a sharp February rally.