GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
Rating: NGLS
Equal Weight $40
down 28.00 %

Targa Resources Partners Lp (NYSE: NGLS) reiterated to Equal Weight with price target $40 by Barclays

Wednesday,  Aug 5, 2015  1:25 PM ET by Betsy O'Brien Harrison

Barclays reiterated Targa Resources Partners Lp (NYSE: NGLS) to Equal Weight with price target $40. Previously Barclays reiterated Targa Resources Partners Lp (NYSE: NGLS) to Equal Weight
with price target $50 on 02/02/2015, when the stock price was $45.95. Since then, Targa Resources Partners Lp's stock price has lost 28% as of 08/05/2015's recent price of $33.00.
If you would have followed the previous Barclays's recommendation on NGLS, you would have lost 28% of your investment in 184 days.

Targa Resources Partners LP is a limited partnership formed by Targa Resources, Inc. (Targa). Targa is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States, to own, operate, acquire and develop a portfolio of midstream energy assets. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas and fractionating and selling NGL and NGL products. The Company operates in the Fort Worth Basin/Bend Arch in North Texas (the Fort Worth Basin), the Permian Basin of West Texas and in Southwest Louisiana. The Company gathers natural gas from producers at the wellhead or central delivery points, move the wellhead natural gas through the gathering system, treat and process the natural gas and then sell the resulting residue natural gas and NGLs. In September 2009, the Company completed the acquisition of Targa Resources, Inc.'s natural gas liquids businesses (the Downstream Business).

Barclays



RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy