Targa Resources Corp (TRGP) is Upgraded by Stifel to Buy, Price Target at $43

Targa Resources Corp (TRGP) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $43. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Aug 4, 2016.

Many Wall Street Analysts have commented on Targa Resources Corp. Targa Resources Corp was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Targa Resources Corp was Initiated by Stifel to “Hold” on May 31, 2016.

Targa Resources Corp opened for trading at $37.07 and hit $37.83 on the upside on Tusday, eventually ending the session at $37.39, with a gain of 1.38% or 0.51 points. The heightened volatility saw the trading volume jump to 48,39,502 shares. Company has a market cap of $6,005 M.

In a different news, on Jul 29, 2016, D. Scott Pryor (officer ) sold 7,500 shares at $37.66 per share price. According to the SEC, on Jul 14, 2016, Jeffrey J Mcparland (officer ) sold 3,700 shares at $45.13 per share price. On Jun 15, 2016, James W Whalen (director officer ) sold 25,000 shares at $40.00 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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