Targa Resources Corp (NYSE:TRGP) insider Jeffrey J. Mcparland sold 1,800 shares of Targa Resources Corp stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $50.09, for a total transaction of $90,162.00. Following the completion of the transaction, the insider now directly owns 145,983 shares in the company, valued at approximately $7,312,288.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Targa Resources Corp (NYSE:TRGP) opened at 47.98 on Thursday. The firm’s market capitalization is $7.99 billion. Targa Resources Corp has a 1-year low of $14.55 and a 1-year high of $64.37. The company has a 50 day moving average of $46.85 and a 200 day moving average of $41.38.

Targa Resources Corp (NYSE:TRGP) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.07. On average, equities research analysts anticipate that Targa Resources Corp will post ($0.40) earnings per share for the current year.

Insider Buying and Selling by Quarter for Targa Resources Corp (NYSE:TRGP)

A number of institutional investors have recently modified their holdings of the stock. Bollard Group LLC boosted 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 valued at $102,000 after buying an additional 31 shares during the period. Benedict Financial Advisors Inc. boosted its position in shares of Targa Resources Corp by 0.5% in the second quarter. Benedict Financial Advisors Inc. now owns 10,002 shares of the company’s stock valued at $427,000 after buying an additional 49 shares during the period. Amalgamated Bank boosted its position in shares of Targa Resources Corp by 0.4% in the second quarter. Amalgamated Bank now owns 18,878 shares of the company’s stock valued at $798,000 after buying an additional 66 shares during the period. Sanders Morris Harris Inc. boosted its position in shares of Targa Resources Corp by 1.2% in the second quarter. Sanders Morris Harris Inc. now owns 14,471 shares of the company’s stock valued at $610,000 after buying an additional 166 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Targa Resources Corp by 1.1% in the second quarter. Signaturefd LLC now owns 24,510 shares of the company’s stock valued at $1,033,000 after buying an additional 269 shares during the period.

A number of brokerages have recently commented on TRGP. Stifel Nicolaus lowered shares of Targa Resources Corp from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, September 28th. They noted that the move was a valuation call. Vetr raised shares of Targa Resources Corp from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, September 27th. Barclays PLC raised shares of Targa Resources Corp from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $47.00 to $55.00 in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. raised shares of Targa Resources Corp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $41.00 to $52.00 in a research report on Monday, September 19th. Finally, Evercore ISI began coverage on shares of Targa Resources Corp in a research report on Thursday, September 15th. They issued a “hold” rating and a $45.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.70.

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

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