Press coverage about Targa Resources (NYSE:TRGP) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Targa Resources earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 45.5006560610125 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 target price on shares of Targa Resources in a research note on Friday, February 16th. Seaport Global Securities set a $52.00 target price on Targa Resources and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Citigroup increased their target price on Targa Resources from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Goldman Sachs upgraded Targa Resources from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $60.00 target price on shares of Targa Resources in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Targa Resources currently has an average rating of “Hold” and an average target price of $54.19.
Targa Resources stock traded down $1.71 during mid-day trading on Tuesday, reaching $46.28. 1,932,462 shares of the company were exchanged, compared to its average volume of 2,135,199. Targa Resources has a 12 month low of $39.59 and a 12 month high of $57.78. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.79 and a quick ratio of 0.66. The firm has a market cap of $10,414.13, a PE ratio of -107.63 and a beta of 1.98.
Targa Resources (NYSE:TRGP) last posted its quarterly earnings data on Thursday, February 15th. The pipeline company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). Targa Resources had a return on equity of 3.53% and a net margin of 0.61%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.30 billion. sell-side analysts expect that Targa Resources will post 0.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 30th. This represents a $3.64 dividend on an annualized basis and a yield of 7.87%. Targa Resources’s dividend payout ratio (DPR) is presently -846.51%.
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Targa Resources Company Profile
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.
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