Analysts at Evercore ISI assumed coverage on shares of Targa Resources Corp (NYSE:TRGP) in a report released on Thursday. The brokerage set a “hold” rating and a $45.00 price target on the stock. Evercore ISI’s target price points to a potential downside of 3.85% from the company’s current price.

TRGP has been the subject of several other research reports. Jefferies Group lowered Targa Resources Corp from a “buy” rating to a “hold” rating and lifted their price target for the stock from $34.00 to $45.00 in a research report on Wednesday, June 8th. Stifel Nicolaus lifted their price target on Targa Resources Corp from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, August 22nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Targa Resources Corp in a research report on Wednesday, May 18th. Wunderlich lifted their price target on Targa Resources Corp from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Finally, Zacks Investment Research raised Targa Resources Corp from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, May 24th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $46.27.

Targa Resources Corp (NYSE:TRGP) opened at 46.80 on Thursday. The company’s market cap is $7.80 billion. The firm’s 50-day moving average is $42.47 and its 200-day moving average is $38.57. Targa Resources Corp has a 12 month low of $14.55 and a 12 month high of $66.87.

Targa Resources Corp (NYSE:TRGP) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.07. On average, analysts anticipate that Targa Resources Corp will post ($0.30) EPS for the current fiscal year.

In related news, insider Jeffrey J. Mcparland sold 25,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $45.50, for a total transaction of $1,142,050.00. Following the completion of the transaction, the insider now directly owns 145,983 shares in the company, valued at approximately $6,642,226.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey J. Mcparland sold 3,700 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $45.13, for a total value of $166,981.00. Following the transaction, the insider now owns 145,983 shares of the company’s stock, valued at $6,588,212.79. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bollard Group LLC increased its position in shares of Targa Resources Corp by 1.3% in the second quarter. Bollard Group LLC now owns 2,418 shares of the company’s stock worth $102,000 after buying an additional 31 shares during the period. Glenmede Trust Co. NA increased its position in shares of Targa Resources Corp by 73.4% in the second quarter. Glenmede Trust Co. NA now owns 4,217 shares of the company’s stock worth $176,000 after buying an additional 1,785 shares during the period. Proficio Capital Partners LLC increased its position in shares of Targa Resources Corp by 703.4% in the second quarter. Proficio Capital Partners LLC now owns 5,158 shares of the company’s stock worth $192,000 after buying an additional 4,516 shares during the period. Advisor Group Inc. bought a new position in shares of Targa Resources Corp during the second quarter worth about $199,000. Finally, E&G Advisors LP bought a new position in shares of Targa Resources Corp during the second quarter worth about $208,000.

Targa Resources Corp Company Profile

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.

5 Day Chart for NYSE:TRGP

Receive News & Ratings for Targa Resources Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.