Targa Resources Corp (NYSE:TRGP) price target raised to $56.00 by Citigroup

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Analyst Ratings For Targa Resources Corp (NYSE:TRGP)

Today, Citigroup raised its price target on Targa Resources Corp (NYSE:TRGP) to $56.00 per share.

There are 11 Hold Ratings, 6 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Targa Resources Corp (NYSE:TRGP) is Hold with a consensus target price of $54.4667 per share, a potential 6.94% upside.

Some recent analyst ratings include

  • 7/27/2018-Seaport Global Securities was Downgraded by analysts at Seaport Global Securities from a “Buy ” rating to a ” Neutral” rating. They now have a $55.00 price target on the stock, up previously from $53.00 .
  • 7/18/2018-Jefferies Financial Group Reiterated Rating of $51.76.
  • 7/17/2018-US Capital Advisors Reiterated Rating of Hold.
  • 7/16/2018-Wolfe Research initiated coverage with a Peer Perform rating.
  • 7/13/2018-BMO Capital Markets Reiterated Rating of Hold.
  • 7/12/2018-SunTrust Banks initiated coverage with a Hold rating.

Recent Insider Trading Activity For Targa Resources Corp (NYSE:TRGP)
Targa Resources Corp (NYSE:TRGP) has insider ownership of 1.76% and institutional ownership of 92.89%.

  • On 11/16/2017 John Richard Klein, VP, sold 2,292 with an average share price of $41.85 per share and the total transaction amounting to $95,920.20.
  • On 8/10/2017 Dan C Middlebrooks, Insider, sold 2,100 with an average share price of $44.70 per share and the total transaction amounting to $93,870.00.
  • On 3/31/2017 Jeffrey J Mcparland, Insider, sold 200 with an average share price of $60.00 per share and the total transaction amounting to $12,000.00.
  • On 3/1/2017 Jeffrey J Mcparland, Insider, sold 9,600 with an average share price of $57.43 per share and the total transaction amounting to $551,328.00.
  • On 2/3/2017 Jeffrey J Mcparland, Insider, sold 10,800 with an average share price of $58.49 per share and the total transaction amounting to $631,692.00.
  • On 1/20/2017 Jeffrey J Mcparland, Insider, sold 9,600 with an average share price of $60.07 per share and the total transaction amounting to $576,672.00.
  • On 1/20/2017 Joe Bob Perkins, CEO, sold 50,000 with an average share price of $60.09 per share and the total transaction amounting to $3,004,500.00.

About Targa Resources Corp (NYSE:TRGP)
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Marketing. The company engages in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company operates approximately 27,000 miles of natural gas pipelines, including 37 owned and operated processing plants; and owns or operates a total of 39 storage wells with a gross storage capacity of approximately 69 million barrels. As of December 31, 2017, it leased and managed approximately 640 railcars; 130 transport tractors; and 18 company-owned pressurized NGL barges. The company was founded in 2005 and is headquartered in Houston, Texas.

Recent Trading Activity for Targa Resources Corp (NYSE:TRGP)
Shares of Targa Resources Corp closed the previous trading session at 51,01 −1,17 2,24 % with 51.36 shares trading hands.