Is Targa Resources Stock a Buy?
World markets are in chaos over the COVID-19 outbreak. That's hammering energy demand as global economies shut down to slow the spread. Making matters worse, energy supplies are surging because of the collapse of OPEC's market support agreement with Russia. These dual shockwaves have caused crude prices to crater, which has weighed on most energy stocks.
One of the harder hit energy companies is Targa Resources (NYSE: TRGP), which has lost more than 80% of its value this year. Here's a look at whether the midstream company is an unbelievable buy or a value trap.
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Source Fool.com
