Targa Resources Corp. TRGP was a big mover last session, as the company saw its shares climb nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 41% in the past one-month time frame.
The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate hasn’t been in trend over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this oil refining & marketing MLPin the near future.
Targa Resources currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Ferrellgas Partners LP FGP, sporting a Zacks Rank #1 (Strong Buy).
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