Media coverage about Targa Resources (NYSE:TRGP) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Targa Resources earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 46.7167752484952 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s analysis:

Several research firms recently weighed in on TRGP. ValuEngine raised shares of Targa Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Robert W. Baird cut their target price on shares of 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 cut their target price on shares of Targa Resources from $66.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $53.00 target price (down from $65.00) on shares of Targa Resources in a research note on Monday, June 5th. Finally, Seaport Global Securities raised shares of Targa Resources from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Tuesday, May 2nd. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.16.

Shares of Targa Resources (NYSE:TRGP) opened at 44.15 on Friday. The stock has a 50 day moving average of $45.04 and a 200 day moving average of $52.01. Targa Resources has a 12-month low of $40.25 and a 12-month high of $61.83. The company’s market cap is $9.52 billion.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date is Friday, July 28th.

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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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