Somewhat Positive Media Coverage Somewhat Unlikely to Impact Targa Resources (TRGP) Stock Price
Media headlines about Targa Resources (NYSE:TRGP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 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 nearest to one being the most favorable. Targa Resources earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 45.5442090175594 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Targa Resources, Inc. (TRGP) Earns “Buy” Rating from Jefferies Group LLC (americanbankingnews.com)
- ETFs with exposure to Targa Resources Corp. : September 1, 2017 (finance.yahoo.com)
- Targa Reports Impact to Operations Related to Hurricane Harvey (finance.yahoo.com)
- Chartists Placing Targa Resources Corp (TRGP) on Their Radar – FLBC News (flbcnews.com)
- Targa Resources Corp. :TRGP-US: Earnings Analysis: Q2, 2017 By the Numbers : August 28, 2017 (finance.yahoo.com)
Targa Resources (TRGP) opened at 44.54 on Friday. The stock’s market capitalization is $9.60 billion. The stock’s 50 day moving average price is $44.95 and its 200-day moving average price is $50.25. Targa Resources has a 12-month low of $40.25 and a 12-month high of $61.83.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $3.64 annualized dividend and a yield of 8.17%.
Several research firms recently commented on TRGP. ValuEngine raised Targa Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and issued a $49.00 price objective (down from $50.00) on shares of Targa Resources in a research note on Friday. Robert W. Baird reduced their price objective on Targa Resources from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, June 30th. Credit Suisse Group reduced their price objective on Targa Resources from $66.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $53.00 price objective (down from $65.00) on shares of Targa Resources in a research note on Monday, June 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Targa Resources has an average rating of “Buy” and an average target price of $54.33.
TRADEMARK VIOLATION WARNING: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.watchlistnews.com/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-targa-resources-trgp-stock-price/1537037.html.
In other Targa Resources news, insider Dan C. Middlebrooks sold 2,100 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $44.70, for a total transaction of $93,870.00. Following the completion of the sale, the insider now directly owns 50,853 shares in the company, valued at $2,273,129.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.93% of the company’s stock.
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.
Receive News & Ratings for Targa Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.