S&P 500 Energy ends Q3 on negative note as crude prices fall [Seeking Alpha]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: Seeking Alpha
3.7% in the third quarter of 2024 compared to Wall Street's benchmark index, S&P 500, which hit record highs, closing the quarter up 6%. U.S. markets witnessed a broadening of the rally in Q3, thanks to optimism surrounding a soft landing, Fed rate cuts, and encouraging inflation results. One key reason for the sector's underperformance has been a sharp downturn in oil prices, pressured by strong supplies, particularly in the United States and economic weakness, particularly in China. US commercial crude oil inventories fell to 413M bbls, to the low end of the five-year range. Energy's outsized fall comes as Crude Oil Futures ( CL1:COM ) and Brent Futures ( CO1:COM ), the international benchmark price, were trading near $68.36 and $71.90 per barrel, respectively, on Monday. Industries performance: Both the industries recorded negative growth, with Energy Equipment & Services (SP500-101010) and Oil, Gas & Consumable Fuels (SP500-101020) declining 7% and 3% during the quarter.
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News
- 3 No-Brainer Energy Stocks to Buy With $1,000 Right Now [Yahoo! Finance]Yahoo! Finance
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Stifel Nicolaus from $190.00 to $224.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Truist Financial Co. from $175.00 to $225.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at UBS Group AG from $182.00 to $246.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. to Participate in BofA Securities Global Energy ConferenceGlobeNewswire
TRGP
Sec Filings
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- 11/12/24 - Form 4
- TRGP's page on the SEC website