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Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States.View NGLS
Targa Resources Partners LP - NGLS - EQUITY
Reviewed By: TheStreet Ratings on .
Report Summary: TheStreet Ratings team rates Targa Resources Partners LP as a
Hold with a ratings score of C-.
Report Snippet: We rate TARGA RESOURCES PARTNERS LP (NGLS) a HOLD. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.