A report released today by Vetr Inc. about Targa Resources Corp (NYSE:TRGP) raises the target price to $50.00
- Updated: September 27, 2016
Yesterday Targa Resources Corp (NYSE:TRGP) traded -0.76% lower at $46.78. The company’s 50-day moving average is $44.83 and its 200-day moving average is $39.84. The last stock close price is up 17.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,828,385 shares of the stock were exchanged, down from an average trading volume of 2,165,580
Targa Resources Corp (NYSE:TRGP) had its target price raised to $50.00 by Vetr Inc. in a report released 9/27/2016. The new target price indicates a possible upside of 0.07% based on the company's last stock close price.
Previously on 9/27/2016, Barclays reported about Targa Resources Corp (NYSE:TRGP) raised the target price from $47.00 to $55.00. At the time, this indicated a possible upside of 0.18%.
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Targa Resources Corp has a 52 week low of $14.55 and a 52 week high of $66.87 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its target price, a total of 17 firms have issued a report on the stock. The consensus target price is $41.62 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 12 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Targa Resources Corp (NYSE:TRGP)
Targa Resources Corp., 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 Partnership operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets, and Marketing and Distribution.
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