Targa Resources Corp (TRGP) was Downgraded by Stifel to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $50 . Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Dec 1, 2016.
Many Wall Street Analysts have commented on Targa Resources Corp. Company shares were Reiterated by RBC Capital Mkts on Nov 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 52 from a previous price target of $46 .Company shares were Upgraded by Stifel on Nov 3, 2016 to ” Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .Targa Resources Corp was Downgraded by Stifel to ” Hold” on Sep 29, 2016.
Targa Resources Corp closed down -0.98 points or -1.98% at $48.59 with 22,40,991 shares getting traded on Tuesday. Post opening the session at $48.88, the shares hit an intraday low of $47.64 and an intraday high of $49.07 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Nov 23, 2016, Joe Bob Perkins (Chief Executive Officer) sold 31,768 shares at $52.23 per share price. According to the SEC, on Nov 22, 2016, Jeffrey J Mcparland (officer ) sold 400 shares at $50.11 per share price. On Nov 17, 2016, Michael A Heim (Vice Chairman of the Board) sold 20,000 shares at $49.53 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.