Targa Resources (TRGP) Receives ‘Analyst’ Rating

Targa Resources (TRGP) : The consensus on Targa Resources (TRGP) based on 13 analyst recommendation on the company stock is 2.54, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Targa Resources (TRGP) : Average target price received by Targa Resources (TRGP) is $46.18 with an expected standard deviation of $9.22. The most aggressive target on the stock is $69, whereas the most downbeat target is $32. 11 financial analysts are currently covering the stock.


Also, Stifel Nicolaus maintains their rating on the shares of Targa Resources (NYSE:TRGP). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $48 per share from $43 per share. The rating by the firm was issued on August 22, 2016.

Targa Resources (NYSE:TRGP): After opening at $46.14, the stock dipped to an intraday low of $45.66 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $47.05 and the buying power remained strong till the end. The stock closed at $46.53 for the day, a gain of 1.04% for the day session. The total traded volume was 2,340,473. The stocks close on the previous trading day was $46.05.

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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