Media headlines about Targa Resources (NYSE:TRGP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Targa Resources earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.5295138268661 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Shares of NYSE:TRGP traded down $0.27 during mid-day trading on Friday, reaching $44.95. The stock had a trading volume of 2,271,085 shares, compared to its average volume of 2,277,259. The company has a market capitalization of $9,895.51, a price-to-earnings ratio of -104.53 and a beta of 1.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.79 and a quick ratio of 0.66. Targa Resources has a twelve month low of $39.59 and a twelve month high of $60.06.
Targa Resources (NYSE:TRGP) last announced its earnings results on Thursday, February 15th. The pipeline company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.30 billion. Targa Resources had a return on equity of 3.53% and a net margin of 0.61%. equities research analysts expect that Targa Resources will post -0.02 earnings per share for the current year.
Several analysts recently weighed in on TRGP shares. ValuEngine downgraded shares of Targa Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. TheStreet upgraded shares of Targa Resources from a “d+” rating to a “c” rating in a report on Monday, March 19th. Robert W. Baird reissued a “neutral” rating on shares of Targa Resources in a research report on Thursday, March 15th. UBS reissued a “neutral” rating and issued a $58.00 target price (up from $56.00) on shares of Targa Resources in a research report on Friday, March 2nd. Finally, Seaport Global Securities set a $52.00 price objective on shares of Targa Resources and gave the stock a “buy” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.76.
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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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