Targa Resources (TRGP): Among the Energy Stocks that Fell This Week

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 (TRGP): Among the Energy Stocks that Fell 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.

While we acknowledge the potential of TRGP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TRGP and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.