Targa Resources Partners (NGLS) Debt Trading 1% Higher
An issue of Targa Resources Partners LP (NYSE:NGLS) bonds rose 1% as a percentage of their face value during trading on Monday. The debt issue has a 5% coupon and will mature on January 15, 2028. The bonds in the issue are now trading at $100.25 and were trading at $99.75 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.
Targa Resources Partners LP (NYSE:NGLS) traded up $0.63 on Wednesday, reaching $10.65. The company’s stock had a trading volume of 24,453,199 shares, compared to its average volume of 3,123,523. Targa Resources Partners LP has a one year low of $8.91 and a one year high of $47.71.
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About Targa Resources Partners
Targa Resources Partners LP is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States with a presence in crude oil gathering and petroleum terminaling. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to liquefied petroleum gas (LPG) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products.
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