IsTarga Resources (TRGP) An Attractive Buy? Wolfe Research Initiates Coverage

July 16, 2018 - By Kristin Houston

Investors sentiment increased to 1.33 in 2018 Q1. Its up 0.28, from 1.05 in 2017Q4. It increased, 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.

Deutsche Commercial Bank Ag has invested 0.17% in Targa Resources Corp. (NYSE:TRGP). Wolverine Asset Management Ltd Liability Com has 0.01% invested in Targa Resources Corp. (NYSE:TRGP) for 10,000 shares. Bessemer Gp Inc holds 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 74,292 shares. Parallax Volatility Advisers Limited Partnership accumulated 0% or 1,032 shares. Jennison Associate Ltd Limited Liability Company reported 3.35 million shares stake. Old Mutual Glob Investors (Uk) Limited holds 21,800 shares or 0.01% of its portfolio. Regions Financial Corporation stated it has 0% in Targa Resources Corp. (NYSE:TRGP). Cubist Systematic Strategies Ltd Liability invested in 19,407 shares. Bluemountain Management Lc holds 0.02% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 20,149 shares. Utah Retirement System has 0.04% invested in Targa Resources Corp. (NYSE:TRGP) for 39,500 shares. Avalon Advsr has invested 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Verition Fund Management Ltd Limited Liability Company holds 0.04% or 12,570 shares. Architects accumulated 0% or 155 shares. Morgan Stanley reported 2.00M shares. Point72 Asset Mgmt L P owns 567,866 shares.

How Wolfe Research Currently Rates Targa Resources (TRGP)

Expert analysts at Wolfe Research began coverage on Targa Resources (TRGP) with “Peer Perform” rating. This was published in analysts report on Monday, 16 July.

The stock decreased 1.45% or $0.76 during the last trading session, reaching $51.5. About 648,928 shares traded. Targa Resources Corp. (TRGP) has declined 3.47% since July 16, 2017 and is downtrending. It has underperformed by 16.04% the S&P500.

Analysts await Targa Resources Corp. (NYSE:TRGP) to report earnings on August, 2. They expect $-0.08 EPS, down 157.14 % or $0.22 from last year’s $0.14 per share. After $-0.03 actual EPS reported by Targa Resources Corp. for the previous quarter, Wall Street now forecasts 166.67 % negative EPS growth.

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 $11.30 billion. The firm operates in two divisions, Gathering and Processing, and Logistics and Marketing. It has a 143.06 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.

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

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