Targa Resources Partners (NGLS) Plans Dividend of $0.75
Targa Resources Partners (NASDAQ:NGLS) declared a dividend on Tuesday, January 14th, AR Network reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.7475 per share on Friday, February 14th. The ex-dividend date of this dividend is Thursday, January 23rd.
A number of research firms have recently commented on NGLS. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Targa Resources Partners in a research note to investors on Wednesday, December 11th. They set a “neutral” rating on the stock. On a related note, analysts at Wunderlich initiated coverage on shares of Targa Resources Partners in a research note to investors on Wednesday, December 4th. They set a “buy” rating and a $56.00 price target on the stock. Finally, analysts at Raymond James reiterated a “buy” rating on shares of Targa Resources Partners in a research note to investors on Wednesday, November 6th. They now have a $84.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $58.70.
Targa Resources Partners (NASDAQ:NGLS) opened at 50.61 on Friday. Targa Resources Partners has a 52 week low of $38.60 and a 52 week high of $54.25. The stock has a 50-day moving average of $50.50 and a 200-day moving average of $50.71. The company has a market cap of $5.489 billion and a price-to-earnings ratio of 83.26.
Targa Resources Partners (NASDAQ:NGLS) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that Targa Resources Partners will post $0.90 EPS for the current fiscal year.
Targa Resources Partners LP is a limited partnership formed by Targa Resources, Corp (NASDAQ:NGLS).
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