Targa Resources (TRGP) Shares are Up 4.18%

Targa Resources (TRGP) : Traders are bullish on Targa Resources (TRGP) as it has outperformed the S&P 500 by a wide margin of 12.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.18% in the last 1 week, and is up 11.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.56% and the 50-Day Moving Average is 12.98%.The 200 Day SMA reached 44.24%


Targa Resources (NYSE:TRGP): The stock opened in the green at $49.75 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $50 and a low of $49.05 for the day. The stock did not find buyers even at the lows and closed at $49.11 recording a loss of -0.59%. 1,995,669 shares exchanged hands during the trading day. The stock had closed at $49.11 in the previous days trading.

Targa Resources (TRGP) : Currently there are 12 street experts covering Targa Resources (TRGP) stock. The most bullish and bearish price target for the stock is $69 and $32 respectively for the short term. The average price target of all the analysts comes to $46.75. The estimated standard deviation from the target is $9.17.

Targa Resources Corp. (Traga), through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Company operates in two divisions Gathering and Processing and Logistics and Marketing. Gathering and Processing includes Field Gathering and Processing and Coastal Gathering and Processing. Logistics and Marketing includes Logistics Assets and Marketing and Distribution.

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