Can Targa Resources Corporation (NYSE:TRGP)’s Tomorrow be Different? The Stock Had Increase in Shorts

July 18, 2017 - By Migdalia James

 Can Targa Resources Corporation (NYSE:TRGP)’s Tomorrow be Different? The Stock Had Increase in Shorts

Investors sentiment is 1.46 in 2016 Q4. Its the same as in 2016Q3. It is the same, as 35 investors sold Targa Resources Corp shares while 102 reduced holdings. only 70 funds opened positions while 130 raised stakes. 146.32 million shares or 1.69% more from 143.89 million shares in 2016Q3 were reported.
Veritable L P holds 0.01% or 3,651 shares. 621,989 are owned by Energ Income Partners Limited Liability Corp. Neuberger Berman Lc holds 0.12% or 1.60M shares. Stephens Ar invested in 15,208 shares or 0.03% of the stock. Franklin Res reported 15,360 shares. Shanda Asset Management Limited invested in 0.54% or 53,570 shares. Huntington Financial Bank invested in 1,810 shares or 0% of the stock. Capital Fund Management Sa holds 0.01% of its portfolio in Targa Resources Corp (NYSE:TRGP) for 26,291 shares. Swiss Commercial Bank has invested 0.04% in Targa Resources Corp (NYSE:TRGP). Cipher Cap Limited Partnership holds 0.08% or 21,805 shares in its portfolio. Arosa Mngmt Ltd Partnership accumulated 484,516 shares. Oakworth Cap reported 0.01% stake. Nordea Inv Mngmt Ab reported 0% of its portfolio in Targa Resources Corp (NYSE:TRGP). Fjarde Ap holds 38,718 shares or 0.05% of its portfolio. Shell Asset accumulated 11,256 shares.

Since February 1, 2017, it had 0 insider purchases, and 6 insider sales for $2.34 million activity. McParland Jeffrey J had sold 200 shares worth $12,000. CRISP CHARLES R sold 7,500 shares worth $434,046. 2,597 Targa Resources Corp (NYSE:TRGP) shares with value of $133,066 were sold by Middlebrooks Dan C.

The stock of Targa Resources Corporation (NYSE:TRGP) registered an increase of 35.97% in short interest. TRGP’s total short interest was 9.44 million shares in July as published by FINRA. Its up 35.97% from 6.94M shares, reported previously. With 2.55 million shares average volume, it will take short sellers 4 days to cover their TRGP’s short positions. The short interest to Targa Resources Corporation’s float is 4.97%.

The stock increased 0.66% or $0.3 on July 17, reaching $46.04. About shares traded. Targa Resources Corp (NYSE:TRGP) has risen 18.42% since July 18, 2016 and is uptrending. It has outperformed by 1.72% the S&P500.

Targa Resources Corp. is a midstream energy firm in North America. The company has market cap of $9.99 billion. It provides midstream services. It currently has negative earnings. The Company’s divisions include Gathering and Processing, and Logistics and Marketing .

Targa Resources Corp (NYSE:TRGP) Ratings Coverage

Among 18 analysts covering Targa Resources (NYSE:TRGP), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Targa Resources had 52 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Targa Resources Corp (NYSE:TRGP) earned “Strong Buy” rating by Raymond James on Friday, May 5. Stifel Nicolaus upgraded Targa Resources Corp (NYSE:TRGP) on Thursday, August 4 to “Buy” rating. On Thursday, June 22 the stock rating was maintained by UBS with “Buy”. Stifel Nicolaus maintained it with “Hold” rating and $64 target in Thursday, February 16 report. The stock of Targa Resources Corp (NYSE:TRGP) has “Equal-Weight” rating given on Wednesday, March 23 by Barclays Capital. Barclays Capital maintained Targa Resources Corp (NYSE:TRGP) on Wednesday, August 5 with “Overweight” rating. Stifel Nicolaus initiated the stock with “Hold” rating in Tuesday, May 31 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Monday, March 13 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, November 3 report. On Thursday, June 22 the stock rating was maintained by Jefferies with “Hold”.

More recent Targa Resources Corp (NYSE:TRGP) news were published by: Seekingalpha.com which released: “Targa Resources: Is the 8% Yield Indeed Attractive?” on July 05, 2017. Also Nasdaq.com published the news titled: “Sl Advisors, Llc Buys Plains GP Holdings LP, Crestwood Equity Partners LP …” on July 15, 2017. Nasdaq.com‘s news article titled: “Targa Resources Corp. to Participate in the 2017 TPH Energy Conference and Has …” with publication date: June 20, 2017 was also an interesting one.

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