Targa Resources Corp (TRGP) is Reiterated by Barclays to Equal Weight, Raises Price Target to $ 43

Targa Resources Corp (TRGP) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 43 from a previous price target of $33 . Barclays advised their investors in a research report released on May 2, 2016.

Many Wall Street Analysts have commented on Targa Resources Corp. Targa Resources Corp was Upgraded by CapitalOne to ” Overweight” on May 2, 2016. Barclays Resumed Targa Resources Corp on Mar 23, 2016 to “Equal Weight”, Price Target of the shares are set at $33.Citigroup Resumed Targa Resources Corp on Mar 15, 2016 to “Buy”, Price Target of the shares are set at $32.

Targa Resources Corp opened for trading at $38.6 and hit $40.5 on the upside on Wednesday, eventually ending the session at $40.46, with a gain of 6.19% or 2.36 points. The heightened volatility saw the trading volume jump to 38,74,394 shares. Company has a market cap of $6,496 M.

In a different news, on Aug 13, 2015, Rene R Joyce (director) sold 10,000 shares at $78.31 per share price. According to the SEC, on Mar 3, 2015, Peter Kagan (director) sold 10,796 shares at $98.27 per share price. On Jan 20, 2015, Joe Bob Perkins (Chief Executive Officer) sold 25,000 shares at $87.22 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Targa Resources Corp

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