In a report released today, Michael Blum from Wells Fargo maintained a Buy rating on Targa Resources Corp (TRGP). The company’s shares closed yesterday at $40.09.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 8.8% and a 57.1% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and Phillips 66 Partners.
Currently, the analyst consensus on Targa Resources Corp is a Strong Buy with an average price target of $53.91, implying a 34.5% upside from current levels. In a report issued on February 21, UBS also maintained a Buy rating on the stock with a $65 price target.
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The company has a one-year high of $59.21 and a one-year low of $33.55. Currently, Targa Resources Corp has an average volume of 2.93M.
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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 business segments: Gathering and Processing, and Logistics and Marketing.
