Targa Resources, Inc. (NYSE:TRGP) Experiences Lighter than Average Trading Volume

Author

18 August, 2017

TRGP's SI was 9.44 million shares in August as released by FINRA. Investors holds 29.97M shares. $3.40 million worth of Waters Corporation (NYSE:WAT) was sold by Kelly Terrence P on Thursday, May 4. Four analysts have provided estimates for Targa Resources' earnings, with estimates ranging from ($0.19) to ($0.01). About 54,458 shares traded. Nationwide Fund has invested 0% in Targa Resources Corp (NYSE:TRGP). It has outperformed by 1.72% the S&P500. Sit Investment Associates Inc, a Minnesota-based fund reported 385,477 shares.

Shares of Moody's Corp (MCO) are moving on volatility today -1.38% or $-1.82 from the open. The Weiss Multi-Strategy Advisers Llc holds 325,000 shares with $18.22 million value, up from 200,000 last quarter.

Stock market analysts and brokers have recently amended their target prices on shares of Targa Resources, Inc. About 10.09 million shares traded. (NASDAQ:KIRK) has declined 27.18% since August 17, 2016 and is downtrending. It has underperformed by 23.67% the S&P500.

Since February 22, 2017, it had 0 insider purchases, and 5 sales for $1.71 million activity. 200 shares were sold by McParland Jeffrey J, worth $12,000. Presently, Targa Resources Corp (TRGP) has a 14-day Commodity Channel Index (CCI) of -128.63. Middlebrooks Dan C sold $133,066 worth of stock.

Investors sentiment decreased to 1 in Q4 2016. Its the same as in 2016Q3.

These funds have also shifted positions in (TRGP). 146.32 million shares or 1.69% more from 143.89 million shares in 2016Q3 were reported. Moreover, Nuveen Asset Management Ltd Liability Co has 0.5% invested in Targa Resources Corp (NYSE:TRGP). Shanda Asset has invested 0.54% in Targa Resources Corp (NYSE:TRGP). Raymond James Financial Services Advisors, Inc. owns 131,048 shares with a value of $5,923,000. Bluefin Trading Lc holds 0.01% of its portfolio in Targa Resources Corp (NYSE:TRGP) for 2,200 shares. Cwm Ltd Liability reported 0% in Targa Resources Corp (NYSE:TRGP). Bank of New York Mellon Corp boosted its stake in shares of Targa Resources by 47.4% in the first quarter. Hite Hedge Asset Management Llc sold 85,087 shares as Targa Res Corp (TRGP)'s stock declined 13.24%. Novare Capital Mngmt Limited Company owns 58,672 shares. Starr Int invested in 83,057 shares or 0.39% of the stock. 5,000 shares valued at $283,098 were sold by INGRAM PETER R on Monday, June 12. Hanseatic Mngmt Serv Inc holds 0.43% in Targa Resources Corp (NYSE:TRGP) or 13,689 shares. Fdx Advsr has invested 0.02% in Targa Resources Corp (NYSE:TRGP). Windward Management Ca, California-based fund reported 4,030 shares. Pacad Invest Ltd accumulated 0.05% or 3,100 shares.

Among 13 analysts covering MGM Resorts (NYSE:MGM), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 8% are positive.

Equities research analysts expect Targa Resources, Inc. The ex-dividend date was set for Friday the 28th of July 2017.

06/29/2017 - Targa Resources, Inc. had its "outperform" rating reiterated by analysts at Robert W. Baird. The firm has "Overweight" rating by Barclays Capital given on Wednesday, August 5.

On August 15 the stock rating was upgraded to "Buy" from " in a report from Guggenheim. The firm earned "Buy" rating on Thursday, August 4 by Stifel Nicolaus. On July 18 the company was set at "Outperform" according to a Barclays report a cut from the previous "Overweight" rating. (NASDAQ:HA) has "Sell" rating given on Tuesday, July 25 by Stifel Nicolaus.

Targa Resources Corp., launched on October 27, 2005, is a midstream energy company in North America. The company has market cap of $3.55 billion. The Company provides midstream services. It now has negative earnings. The Business's segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). Shareholders of record on Tuesday, August 1st were given a dividend of $0.91 per share. Therefore 71% are positive. The stock of American Airlines Group Inc (NASDAQ:AAL) has "Buy" rating given on Tuesday, August 1 by J.P. Morgan. Jefferies upgraded the shares of TRGP in report on Thursday, January 14 to "Buy" rating. As per Monday, July 17, the company rating was maintained by Stifel Nicolaus. The stock of MGM Resorts International (NYSE:MGM) has "Buy" rating given on Monday, November 2 by UBS. The rating was downgraded by Sidoti to "Neutral" on Tuesday, August 23. On Friday, December 16 the stock rating was downgraded by Mizuho to "Neutral". The firm earned "Hold" rating on Wednesday, May 4 by Argus Research. (NASDAQ:KIRK) has "Buy" rating given on Wednesday, August 24 by Suntrust Robinson. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Nasdaq.com and their article: "RSI Alert: MGM Resorts International (MGM) Now Oversold" published on August 10, 2017 as well as Prnewswire.com's news article titled: "MGM Resorts International Reinforces Commitment to Japanese Market" with publication date: August 08, 2017. "(TRGP) Given a $51.00 Price Target by BMO Capital Markets Analysts" was first posted by Stock Observer and is owned by of Stock Observer.


More news


  • HSBC Holdings plc (HSBA) Given Buy Rating at Citigroup Inc

    The firm owned 5,400 shares of the financial services provider's stock after buying an additional 355 shares during the period. Bollard Group LLC's holdings in HSBC Holdings PLC were worth $1,561,000 at the end of the most recent reporting period.

    Novavax, Inc. (NASDAQ:NVAX) Cut to Sell at BidaskClub

    The biopharmaceutical company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). ValuEngine cut Novavax from a "sell" rating to a "strong sell" rating in a research report on Friday, June 2nd.
    Gerrard admits Liverpool 'need a player like Matic'

    Gerrard admits Liverpool 'need a player like Matic'

    I've been practising free-kicks but I didn't think the senior players would let me take it. "Trent's going to be a beauty", was Gerrard's assessment of his fellow Liverpudlian.
  • Coleen Rooney pregnant with her and Wayne's fourth child

    Coleen Rooney pregnant with her and Wayne's fourth child

    Despite imagining a future that includes a little girl, Coleen insists the couple are not trying for a baby as she's busy with her boys.
    Foot Locker, Inc. (FL) Given a $80.00 Price Target at Barclays PLC

    Foot Locker, Inc. (FL) Given a $80.00 Price Target at Barclays PLC

    Waverton Investment Management Ltd increased Foot Locker Inc Com Us$0.01 (FL) stake by 6.02% reported in 2016Q4 SEC filing. Dynamic Technology Lab Private Ltd augmented its position by buying 7,465 shares an increase of 159.0% in the quarter.

    Hot Stock to Watch: Barracuda Networks, Inc. (CUDA)

    Victory Capital Management Inc. increased its position in shares of Barracuda Networks by 17.6% in the second quarter. As of quarter end Alyeska Investment Group, L.p. had acquired 141,949 shares growing its stake by 14.8%.
  • New Apple Watch model nears mass production

    New Apple Watch model nears mass production

    Apple is expected to launch the new smartwatch alongside next generation iPhones in September. The suppliers expect Watch shipments to rise an additional 5M next year for a total of 20M.

    First Quadrant LP CA Takes Position in Hibbett Sports, Inc. (HIBB)

    Karp Capital Management Corp acquired a new position in Hibbett Sports during the first quarter valued at $348,000. (NASDAQ:HIBB). Euclidean Mngmt Ltd Liability Corp owns 1.99% invested in Hibbett Sports, Inc. (NASDAQ:HIBB) to report earnings on August, 18.
    Donald Trump's close aide says United States  at economic war with China

    Donald Trump's close aide says United States at economic war with China

    If the left is focused on race and identity, and we go with economic nationalism, we can crush the Democrats. Steve Bannon says there's no military solution to the threat posed by North Korea and its nuclear ambitions.
  • Android Instant Apps crossed 500 million Android users, claims Google

    Android Instant Apps crossed 500 million Android users, claims Google

    Jet, a US-based app which provides a shopping platform, has found that their conversion rate increased by 27 percent. The browser checks if there is an instant app available for the website and then loads an app rather than a web page.
    TODAY'S FORECAST: Mostly cloudy, chance of showers and thunderstorms

    TODAY'S FORECAST: Mostly cloudy, chance of showers and thunderstorms

    Wednesday , there will be a return of scattered showers/storms - 40% coverage - not as hot, a high of 92°. Thursday Night: Overnight lows will drop back down into the mid 70's for most of the Big Country.

    United Natural Foods, Inc. (UNFI) Shares Sold by Amalgamated Bank

    Dupont Capital Management Corp increased United Natural Foods Inc (UNFI) stake by 72.04% reported in 2016Q4 SEC filing. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.38 and a beta of 1.39.