Are Analysts Bullish Targa Resources Corp. (NYSE:TRGP) After Last Week?

July 14, 2018 - By Brian Ramirez

Investors sentiment increased to 1.33 in Q1 2018. Its up 0.28, from 1.05 in 2017Q4. It improved, as 31 investors sold Targa Resources Corp. shares while 105 reduced holdings. 56 funds opened positions while 125 raised stakes. 202.60 million shares or 4.63% more from 193.64 million shares in 2017Q4 were reported.
Reaves W H And Inc reported 0.35% of its portfolio in Targa Resources Corp. (NYSE:TRGP). 362,619 are held by Asset One Limited. Barclays Public Ltd Company has 0.01% invested in Targa Resources Corp. (NYSE:TRGP). Cadence Capital Mngmt Lc holds 0.07% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 22,708 shares. Profund Advsr Ltd Liability Corp owns 7,348 shares for 0.01% of their portfolio. Westwood Hldgs Grp Inc Inc holds 475,980 shares. The Maryland-based Proshare Advsrs Limited Liability Company has invested 0.01% in Targa Resources Corp. (NYSE:TRGP). Mcf Advsr Ltd Limited Liability Company has invested 0% in Targa Resources Corp. (NYSE:TRGP). Ballentine Ltd Liability Co, Massachusetts-based fund reported 19,930 shares. First Allied Advisory Services holds 0.02% or 14,582 shares. Perella Weinberg Partners Cap Ltd Partnership reported 492,280 shares or 0.97% of all its holdings. Sumitomo Mitsui Trust reported 0.04% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Atwood & Palmer has 0% invested in Targa Resources Corp. (NYSE:TRGP) for 724 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.04% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 3,400 shares. 6,249 are held by Nelson Van Denburg Campbell Wealth Gru Ltd Liability Corporation.

Targa Resources Corp. (NYSE:TRGP) Ratings Coverage

Among 11 analysts covering Targa Resources Corp (NYSE:TRGP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Targa Resources Corp had 17 analyst reports since January 16, 2018 according to SRatingsIntel. Citigroup maintained Targa Resources Corp. (NYSE:TRGP) on Tuesday, February 6 with “Buy” rating. Robert W. Baird maintained Targa Resources Corp. (NYSE:TRGP) on Thursday, January 25 with “Buy” rating. UBS maintained Targa Resources Corp. (NYSE:TRGP) on Friday, March 2 with “Neutral” rating. The firm has “Buy” rating by Seaport Global given on Tuesday, April 24. The firm earned “Buy” rating on Tuesday, January 16 by RBC Capital Markets. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Monday, April 23 by Robert W. Baird. The firm has “Buy” rating by Stifel Nicolaus given on Friday, May 4. The stock of Targa Resources Corp. (NYSE:TRGP) earned “Buy” rating by Goldman Sachs on Thursday, February 1. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Friday, February 16 by Stifel Nicolaus. On Wednesday, January 17 the stock rating was upgraded by Barclays Capital to “Overweight”. Below is a list of Targa Resources Corp. (NYSE:TRGP) latest ratings and price target changes.

12/07/2018 Broker: SunTrust Rating: Hold New Target: $53 Initiates Coverage On
12/06/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Old Target: $57 New Target: $52 Downgrade
04/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $55 New Target: $53 Maintain
24/04/2018 Broker: Seaport Global Rating: Buy New Target: $53.0000 Maintain
23/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $58.0000 Maintain
20/04/2018 Broker: Deutsche Bank Rating: Hold New Target: $50 Initiates Coverage On
17/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $58 New Target: $57 Maintain
16/04/2018 Broker: Guggenheim Rating: Buy New Target: $50.0000 Maintain
15/03/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $58 New Target: $60 Maintain
02/03/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $56 New Target: $58 Maintain

The stock increased 2.09% or $1.07 during the last trading session, reaching $52.26. About 2.55M shares traded or 26.06% up from the average. Targa Resources Corp. (NYSE:TRGP) has declined 3.47% since July 14, 2017 and is downtrending. It has underperformed by 16.04% the S&P500.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid services in the United States. The company has market cap of $11.47 billion. The firm operates in two divisions, Gathering and Processing, and Logistics and Marketing. It has a 145.17 P/E ratio. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; and gathering, storing, and terminaling crude oil and refined petroleum products.

Another recent and important Targa Resources Corp. (NYSE:TRGP) news was published by Globenewswire.com which published an article titled: “Targa NGL Pipeline Company Launches Open Season” on June 15, 2018.

Targa Resources Corp. (NYSE:TRGP) Institutional Positions Chart

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