Targa Resources Corp. press release
Shares of Targa Resources Inc. (TRGP) Rise to a New 52-Week High
NYSE - New York Stock Exchange · Natural Gas · Natural Gas Liquids · Oil · United States
Shares of Targa Resources Inc. (NYSE:TRGP)traded at a new 52-week high today of $78.15. So far today approximately 326,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.
Over the past year, Targa Resources Inc. has traded in a range of $30.60 to $78.15 and is now at $76.87, 151% above that low.
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 813,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.
Potential upside of 0.6% exists for Targa Resources Inc., based on a current level of $76.87 and analysts' average consensus price target of $77.34.
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