Targa Resources (TRGP) Receives Coverage Optimism Score of 0.13
Media stories about Targa Resources (NYSE:TRGP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Targa Resources earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.5610185640656 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Targa Resources Corp to Post Q4 2017 Earnings of ($0.02) Per Share, Jefferies Group Forecasts (TRGP) (americanbankingnews.com)
- Targa Resources (TRGP) vs. EQT Midstream Partners (EQM) Head to Head Survey (americanbankingnews.com)
- BRIEF-Kinder Morgan, DCP Midstream And Targa Resources Announce Final Investment Decision On Gulf Coast Express Pipeline Project (KMI, TRGP) (markets.businessinsider.com)
- Stock Watch Evaluation – Targa Resources Corp., (NYSE: TRGP) – Stock Watch (stocksnewstimes.com)
- ETFs with exposure to Targa Resources Corp. : December 19, 2017 (finance.yahoo.com)
A number of research analysts have recently issued reports on TRGP shares. BMO Capital Markets set a $51.00 price objective on shares of Targa Resources and gave the company a “hold” rating in a report on Friday, October 13th. Citigroup cut shares of Targa Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $54.00 to $52.00 in a report on Tuesday, October 10th. TheStreet lowered shares of Targa Resources from a “c-” rating to a “d+” rating in a research report on Monday, November 13th. Wells Fargo & Co dropped their price target on shares of Targa Resources from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Finally, Robert W. Baird reissued a “buy” rating and set a $53.00 price target on shares of Targa Resources in a research report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $54.33.
Targa Resources (TRGP) traded up $0.94 on Friday, hitting $47.19. 1,561,810 shares of the company were exchanged, compared to its average volume of 1,850,000. The company has a market capitalization of $10,170.00, a price-to-earnings ratio of -18.58 and a beta of 2.22. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.74 and a quick ratio of 0.57. Targa Resources has a one year low of $39.59 and a one year high of $61.83.
In other Targa Resources news, VP John Richard Klein sold 2,292 shares of Targa Resources stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $41.85, for a total value of $95,920.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.93% of the company’s stock.
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About Targa Resources
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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