Targa Resources Corp (TRGP) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Sep 29, 2016.
Many Wall Street Analysts have commented on Targa Resources Corp. Company shares were Upgraded by Barclays on Sep 27, 2016 to ” Overweight”, Firm has raised the Price Target to $ 55 from a previous price target of $47 .Targa Resources Corp was Upgraded by Goldman to ” Buy” on Sep 19, 2016. Company shares were Reiterated by Wunderlich on Aug 31, 2016 to “Hold”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .
Targa Resources Corp opened for trading at $47.27 and hit $47.77 on the upside on Tuesday, eventually ending the session at $46.96, with a gain of 0.38% or 0.18 points. The heightened volatility saw the trading volume jump to 21,40,119 shares. Company has a market cap of $7,825 M.
In a different news, on Sep 26, 2016, James W Whalen (director officer ) sold 25,000 shares at $50.00 per share price. According to the SEC, on Sep 26, 2016, Jeffrey J Mcparland (officer ) sold 1,000 shares at $50.34 per share price. On Sep 26, 2016, Joe Bob Perkins (Chief Executive Officer) sold 7,843 shares at $50.45 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.