Targa Resources (TRGP) Receives Daily Media Impact Rating of 0.21
News coverage about Targa Resources (NYSE:TRGP) has been trending somewhat positive on Sunday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Targa Resources earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 45.3506433266355 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Targa Resources, Inc. (NYSE:TRGP) Trading Volume Significantly Lower – First News 24 (firstnewspaper24.com)
- Wall Street Stock Recommendations: Burlington Stores, Inc. (BURL), Targa Resources Corp. (TRGP) – AppsforPCdaily (appsforpcdaily.com)
- Brookfield Asset Management Inc. Buys A Lot More Targa Resources, Inc. (TRGP) Stock In The Last Quarter – Highlight Press (highlightpress.com)
- Brookfield Asset Management Inc. Increases Its Holdings in Targa Resources, Inc. (TRGP) Stock – First News 24 (firstnewspaper24.com)
- Rose Rock Midstream (RRMS) vs. Targa Resources (TRGP) Head to Head Review (americanbankingnews.com)
Targa Resources (TRGP) opened at 44.09 on Friday. The company has a 50-day moving average price of $45.01 and a 200 day moving average price of $50.79. Targa Resources has a 1-year low of $40.25 and a 1-year high of $61.83. The firm’s market capitalization is $9.51 billion.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date was Friday, July 28th.
A number of research analysts have issued reports on the company. Seaport Global Securities raised Targa Resources from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a report on Tuesday, May 2nd. Jefferies Group LLC reissued a “hold” rating on shares of Targa Resources in a report on Monday, May 15th. Credit Suisse Group decreased their price target on Targa Resources from $66.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, May 15th. Royal Bank Of Canada reissued a “buy” rating and issued a $67.00 price target on shares of Targa Resources in a report on Monday, May 8th. Finally, Raymond James Financial, Inc. raised Targa Resources from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from $64.00 to $55.00 in a research note on Friday, May 5th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Targa Resources presently has a consensus rating of “Buy” and an average target price of $53.89.
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In other news, insider Dan C. Middlebrooks sold 2,100 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,273,129.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.
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