.png "Targa Resources Corp (NYSE: TRGP)")
Raymond James analyst Darren Horowitz maintained a Buy rating on Targa Resources Corp (NYSE: TRGP) on August 9. The company’s shares opened today at $54.07, close to its 52-week high of $54.81.
According to TipRanks.com, Horowitz is a 4-star analyst with an average return of 5.8% and a 63.4% success rate. Horowitz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, EnLink Midstream Partners, and Spectra Energy Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Targa Resources Corp with a $54.29 average price target, implying a 0.4% upside from current levels. In a report issued on July 27, Guggenheim also reiterated a Buy rating on the stock with a $54 price target.
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Based on Targa Resources Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $109 million. In comparison, last year the company had a net profit of $57.6 million.
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Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following segments: Gathering and Processing, and Logistics and Marketing.
