Impact of Brokerage Rating on Targa Resources, Inc.(TRGP)

Many Targa Resources, Inc.(TRGP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Targa Resources Corp was Upgraded by Raymond James to Outperform on Jan 12, 2017. Company shares were Downgraded by Stifel on Dec 1, 2016 to Hold, Raises Price Target to $ 52 from a previous price target of $50 .

Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Jeffrey J Mcparland (officer ) sold 10,800 shares at 59.31 per share price.On Jan 20, 2017, James W Whalen (director officer ) sold 25,000 shares at 60.00 per share price.On Jan 20, 2017, Joe Bob Perkins (Chief Executive Officer) sold 50,000 shares at 60.12 per share price.

Targa Resources, Inc. (NYSE:TRGP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.43 by 14 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold.

Targa Resources, Inc. (NYSE:TRGP): The stock price is expected to reach $ 55.14 in the short term. The number of analysts agreeing with this consensus is 14. The higher estimate for the short term price target is at $65 while the lower estimate is at $45. The standard deviation of the price stands at $6.75.

Targa Resources, Inc. (NYSE:TRGP) witnessed a decline in the market cap on Tuesday as its shares dropped 0.44% or 0.26 points. After the session commenced at $59.76, the stock reached the higher end at $59.98 while it hit a low of $59.03. With the volume soaring to 1,525,267 shares, the last trade was called at $59.3. The company has a 52-week high of $61.83. The company has a market cap of $10,955 million and there are 184,735,630 shares in outstanding. The 52-week low of the share price is $15.4.

Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. The Company operates its business through two business segments: Natural Gas Gathering and Processing and NGL Logistics and Marketing. The Natural Gas Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids and removing impurities. NGL Logistics and Marketing segment is engaged in gathering and storing; fractionating, storing, and transporting of finished NGLs. Targa also markets the natural gas liquids produced and purchased in selected United States markets. The Company also offers refinery services and wholesale propane marketing operations. Targa Resources Corp is headquartered in Houston, Texas.


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