Targa Resources (TRGP) Given Coverage Optimism Score of 0.15
Headlines about Targa Resources (NYSE:TRGP) have been trending somewhat positive on Monday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Targa Resources earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 48.2494726754142 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Kinder Morgan Is Down 21% Year-to-Date—What Next? (finance.yahoo.com)
- Analysts Anticipate Targa Resources, Inc. (TRGP) Will Announce Quarterly Sales of $2.16 Billion (americanbankingnews.com)
- Consolidated Research: 2018 Summary Expectations for T-Mobile US, General Mills, Dick’s Sporting Goods, Targa Resources, Lam Research, and Helmerich & Payne — Fundamental Analysis, Key Performance Ind (markets.financialcontent.com)
- Targa Resources Target of Unusually Large Options Trading (TRGP) (americanbankingnews.com)
- ETFs with exposure to Targa Resources Corp. : November 27, 2017 (finance.yahoo.com)
A number of research firms recently issued reports on TRGP. Stifel Nicolaus dropped their target price on shares of Targa Resources from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, November 20th. BidaskClub downgraded shares of Targa Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Guggenheim raised shares of Targa Resources from a “neutral” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday, August 14th. BMO Capital Markets set a $51.00 target price on shares of Targa Resources and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Finally, Zacks Investment Research upgraded Targa Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.33.
Targa Resources (TRGP) traded up $0.60 during midday trading on Monday, reaching $44.80. The company’s stock had a trading volume of 2,383,025 shares, compared to its average volume of 1,891,048. Targa Resources has a 52-week low of $39.59 and a 52-week high of $61.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.74 and a quick ratio of 0.57.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend was Tuesday, October 31st. Targa Resources’s dividend payout ratio is presently -143.31%.
In other news, VP John Richard Klein sold 2,292 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $41.85, for a total transaction of $95,920.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.93% of the company’s stock.
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Targa Resources Company Profile
Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products.
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