Targa Resources Corp (NYSE:TRGP) has been downgraded to Hold in a statement by Stifel Nicolaus earlier today.
- Updated: September 28, 2016
Stifel Nicolaus has downgraded Targa Resources Corp (NYSE:TRGP) to Hold in a statement released on Wednesday September 28, 2016.
On 9/27/2016, Barclays released a statement for Targa Resources Corp (NYSE:TRGP) bumped up the target price from $47.00 to $55.00 that suggested an upside of 0.18%.
Boasting a price of $46.96, Targa Resources Corp (NYSE:TRGP) traded 4.90% higher on the day. With the last stock price close up 23.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Targa Resources Corp has recorded a 50-day average of $45.18 and a two hundred day average of $40.04. Volume of trade was up over the average, with 3,279,872 shares of TRGP changing hands over the typical 2,149,170
With a total market value of $0, Targa Resources Corp has with a one year low of $14.55 and a one year high of $66.87 .
A total of 17 equity analysts have released a ratings update on TRGP. Four equity analysts rating the company a strong buy, three equity analysts rating the company a buy, twelve equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $41.62.
Brief Synopsis 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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