Brokerage firm Tudor Pickering upgrades its rating on Targa Resources Partners LP (NYSE:NGLS). Many firms have commented on the short term and long term price target. Targa Resources Partners LP (NYSE:NGLS) should head towards $59.15 per share according to 13 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $47 per share. The higher price estimate target is at $78 according to the Analysts.
Research firm Zacks has rated Targa Resources Partners LP (NYSE:NGLS) and has ranked it at 5, indicating that its shares are a Underperform. 13 Wall Street analysts have given the company an average rating of 2.39. The counter has received a hold rating based on the suggestion from 8 analysts in latest recommendations. Strong buy was given by 3 Wall Street Analysts. The counter had a buy rating from 2 analysts.
Targa Resources Partners LP (NYSE:NGLS) suffered a loss, declining 4.32% in its share price. The bears locked in total control while fighting the bulls throughout the day, which ended with the shares losing 2.06 points to close at $45.61. The selling pressure continued unabated since trading commenced at $47.75, while hitting the days high at $49.09, and the shares hit an intraday low of $44.68. In this bearish onslaught, the volume was measured at 990,255 shares. Targa Resources Partners LP (NYSE:NGLS) has a 52-week high of $83.49 and a 52-week low of $39.0501. With around 115,774,000 shares outstanding, the company has a market cap of $5,280 million.