Targa Resources, Inc. (NYSE:TRGP) Scheduled to Post Earnings on Tuesday
Targa Resources, Inc. (NYSE:TRGP) is scheduled to release its earnings data before the market opens on Tuesday, August 1st. Analysts expect Targa Resources to post earnings of ($0.13) per share for the quarter.
Targa Resources, Inc. (NYSE TRGP) opened at 46.30 on Tuesday. The firm’s 50-day moving average price is $44.35 and its 200 day moving average price is $53.09. The firm’s market cap is $9.17 billion. Targa Resources, Inc. has a 52 week low of $35.35 and a 52 week high of $61.83.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 7.86%.
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A number of analysts have recently issued reports on the company. ValuEngine upgraded Targa Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Robert W. Baird dropped their price target on Targa Resources from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, June 30th. Credit Suisse Group dropped their price target on Targa Resources from $66.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $53.00 price target (down previously from $65.00) on shares of Targa Resources in a research report on Monday, June 5th. Finally, Seaport Global Securities upgraded Targa Resources from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Targa Resources presently has an average rating of “Buy” and a consensus target price of $54.16.
About Targa Resources
Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products.
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