In a report issued on July 16, Christine Cho, CFA from Barclays maintained a Buy rating on Targa Resources Corp (TRGP), with a price target of $48. The company’s shares closed yesterday at $39.62.
According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.1% and a 48.0% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Antero Midstream Corporation, Cheniere Energy Partners LP, and Dcp Midstream Partners Lp.
Targa Resources Corp has an analyst consensus of Strong Buy, with a price target consensus of $48.20.
See today’s analyst top recommended stocks >>
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 2.27M.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRGP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
