Targa Resources (NYSE:TRGP) Receives Daily Coverage Optimism Rating of 0.03

News coverage about Targa Resources (NYSE:TRGP) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Targa Resources earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.5779657313139 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently weighed in on TRGP shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target on shares of Targa Resources in a report on Friday, February 16th. Seaport Global Securities set a $52.00 price target on Targa Resources and gave the company a “buy” rating in a report on Wednesday, February 14th. Robert W. Baird set a $60.00 price target on Targa Resources and gave the company a “buy” rating in a report on Wednesday, March 14th. Guggenheim set a $50.00 price target on Targa Resources and gave the company a “buy” rating in a report on Monday, April 16th. Finally, TheStreet raised Targa Resources from a “d+” rating to a “c” rating in a report on Monday, March 19th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Targa Resources presently has a consensus rating of “Hold” and an average price target of $53.71.

Shares of Targa Resources traded up $0.59, hitting $48.52, during midday trading on Thursday, according to MarketBeat.com. The stock had a trading volume of 1,563,577 shares, compared to its average volume of 2,092,061. Targa Resources has a fifty-two week low of $39.59 and a fifty-two week high of $52.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.77 and a current ratio of 0.84. The stock has a market capitalization of $11.08 billion, a P/E ratio of -112.84 and a beta of 1.99.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, May 3rd. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). Targa Resources had a return on equity of 0.88% and a net margin of 1.82%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.70 billion. equities research analysts forecast that Targa Resources will post -0.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, April 30th. This represents a $3.64 annualized dividend and a dividend yield of 7.50%. Targa Resources’s dividend payout ratio is currently -846.51%.

Targa Resources Company Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Marketing. The company engages in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products.

Insider Buying and Selling by Quarter for Targa Resources (NYSE:TRGP)

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