AllAnalyst Report
logoMorningstarFebruary 22, 2021

Targa Resources Corp.: Targa's Grand Prix Pipeline Is Leading the Way in 2021

Symbols
TRGP
Sector(s)
Energy
Rating
Current Price
$112.92
Fair Value
Economic Moat
Stewardship
Summary

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 813,000 bbl/d of gross fractionation capacity at Mont Belvieu and operates an LPG export t

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Analyst Profile

Stephen Ellis

Sector Strategist
Stephen Ellis is an energy and utilities strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc., covering midstream companies. Ellis is also a member of Morningstar’s China Economic Committee, which provides research on the long- term outlook for the Chinese economy.Before assuming his current role in 2017, he was director of equity research for financial services and a senior equity analyst. He is also a former editor of the Morningstar Opportunistic Investor newsletter and a former member of the Economic Moat Committee, a group of senior members of the equity research team responsible for reviewing all Economic MoatTM and Moat TrendTM ratings issued by Morningstar.Prior to joining Morningstar in 2007, he worked as a freelance analyst for The Motley Fool and spent three years working in project and financial analysis for Environmental Systems Research Institute (ESRI), a supplier of geographic information system software and geodatabase management applications.He holds a bachelor’s degree in business administration and a master’s degree in business administration from the University of Redlands.