Somewhat Positive Media Coverage Somewhat Unlikely to Affect Targa Resources (TRGP) Share Price

Press coverage about Targa Resources (NYSE:TRGP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Targa Resources earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 46.9998317132317 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Targa Resources (NYSE TRGP) traded up $0.62 during trading hours on Friday, hitting $51.44. 1,880,515 shares of the company’s stock were exchanged, compared to its average volume of 1,990,000. The firm has a market capitalization of $11,090.00, a PE ratio of -20.25 and a beta of 2.22. Targa Resources has a 52 week low of $39.59 and a 52 week high of $61.83. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.67.

A number of research analysts have commented on the stock. Bank of America assumed coverage on shares of Targa Resources in a research note on Tuesday. They set a “neutral” rating on the stock. BidaskClub downgraded shares of Targa Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Jefferies Group downgraded shares of Targa Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Stifel Nicolaus reduced their price objective on shares of Targa Resources from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, November 20th. Finally, Goldman Sachs Group downgraded shares of Targa Resources from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.89.

In other Targa Resources news, VP John Richard Klein sold 2,292 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $41.85, for a total transaction of $95,920.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.93% of the stock is currently owned by corporate insiders.

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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.

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