Earnings Forecast Research on Targa Resources, Inc. (TRGP)

Targa Resources, Inc. has received $0.01 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 9 Financial Advisor in the Stock Trading Firms. Among 9 Analysts, Bottom line EPS Estimate for the current quarter is $-0.19 while the top line estimate is $0.1 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at -98.61%.

Targa Resources, Inc. results fell short with a surprise EPS of -130% or $-0.13. The Actual EPS was $-0.23 compared to the Estimated EPS of $-0.1 during its most recent quarterly earnings.

In the last quarter, Targa Resources, Inc. reported Annual Earnings of $-0.23. Based on the filings, last years Annual Earnings was, $1.09. In the last Quarter, TRGP reported a surprise Earnings per Share of -130% . The consensus estimate for current quarter is $0.01 and for the current fiscal year, the estimate is $-0.6. For the Next fiscal year, the estimate is $0.34 based on the consensus.

Targa Resources, Inc. (NYSE:TRGP) : On Tuesday heightened volatility was witnessed in Targa Resources, Inc. (NYSE:TRGP) which led to swings in the share price. The stock opened for trading at $57.72 and hit $58.23 on the upside , eventually ending the session at $57.62, with a gain of 0.79% or 0.45 points. The heightened volatility saw the trading volume jump to 1,902,274 shares. The 52-week high of the share price is $61.25 and the company has a market cap of $10,644 million. The 52-week low of the share price is at $14.55 .

Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. The Company operates its business through two business segments: Natural Gas Gathering and Processing and NGL Logistics and Marketing. The Natural Gas Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids and removing impurities. NGL Logistics and Marketing segment is engaged in gathering and storing; fractionating, storing, and transporting of finished NGLs. Targa also markets the natural gas liquids produced and purchased in selected United States markets. The Company also offers refinery services and wholesale propane marketing operations. Targa Resources Corp is headquartered in Houston, Texas.


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