The share price of Targa Resources Corp. (NYSE:TRGP) fell by 6.83% between September 26 and October 3, 2025, putting it among the Energy Stocks that Lost the Most This Week.
Targa Resources Corp. (NYSE:TRGP) is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America.
Targa Resources Corp. (NYSE:TRGP) suffered a setback last month after BofA reduced the stock’s price target from $220 to $200, while maintaining a ‘Buy’ rating on its shares. Additionally, the decline in oil prices over the last week has also contributed to the stock’s downfall.
That said, Targa Resources Corp. (NYSE:TRGP) remains focused on growth and announced this week that it is moving forward with plans to construct the Speedway NGL Pipeline and a new gas processing plant to support its growing production in the Permian basin. The estimated cost of the projects has been reported at $1.6 billion. Moreover, the company also revealed that it will move forward with the construction of the 275 million cubic feet per day Yeti gas processing plant in the Permian Delaware Basin.
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