Targa Resources (TRGP) Getting Somewhat Favorable Press Coverage, Study Finds

Media coverage about Targa Resources (NYSE:TRGP) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Targa Resources earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 47.0201395001122 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern’s scoring:

A number of analysts have recently issued reports on TRGP shares. BMO Capital Markets set a $51.00 target price on Targa Resources and gave the stock a “hold” rating in a report on Friday, October 13th. Citigroup lowered Targa Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $54.00 to $52.00 in a research report on Tuesday, October 10th. TheStreet lowered Targa Resources from a “c-” rating to a “d+” rating in a research report on Monday, November 13th. Wells Fargo & Co reduced their price target on Targa Resources from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Finally, Robert W. Baird reissued a “buy” rating and set a $53.00 price target on shares of Targa Resources in a research report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Targa Resources currently has a consensus rating of “Hold” and a consensus price target of $53.89.

Targa Resources (TRGP) traded down $0.07 during trading on Tuesday, reaching $48.52. The company had a trading volume of 853,892 shares, compared to its average volume of 1,950,000. The firm has a market cap of $10,460.00, a price-to-earnings ratio of -19.10 and a beta of 2.22. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.67. Targa Resources has a 12-month low of $39.59 and a 12-month high of $61.83.

In other Targa Resources news, VP John Richard Klein sold 2,292 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $41.85, for a total value of $95,920.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.93% of the company’s stock.

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Targa Resources Company Profile

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.

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

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