Targa Resources (TRGP) Reports Q4 Revenues Below Consensus

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Targa Resources (TRGP) PT Lowered to $50 at BMO Capital

February 21, 2019 9:40 AM EST

BMO Capital analyst Danilo Juvane lowered the price target on Targa Resources (NYSE: TRGP) to $50.00 (from $57.00) while maintaining a Market Perform rating.

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Targa Resources (TRGP) PT Lowered to $49 at Stifel

February 21, 2019 8:52 AM EST

Stifel analyst Selman Akyol lowered the price target on Targa Resources (NYSE: TRGP) to $49.00 (from $54.00) while maintaining a Buy rating.

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Targa Resources (TRGP) PT Raised to $67 at UBS After Asset Sale to Blackstone Related Funds

February 19, 2019 9:43 AM EST

UBS analyst Shneur Z. Gershuni raised the price target on Targa Resources (NYSE: TRGP) to $67.00 (from $64.00) while maintaining a Buy rating.

As a reminder, TRGP has announced today morning before the market open that the company has sold 45 percent interest in Bakken assets for $1.6 billion to Blackstone related funds.

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Targa Resources (TRGP) Sells 45% Interest in Bakken Assets for $1.6 Billion

February 19, 2019 6:13 AM EST

Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that it has entered into definitive agreements to sell a 45 percent interest in Targa Badlands LLC (Badlands), the entity that holds all of Targas assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (collectively, Blackstone) for $1.6 billion in cash (the Transaction).

Under the terms of the executed agreements, Targa will continue to be the operator and will hold majority governance rights in Badlands. Future growth capital is expected to be funded on a pro rata basis.... More