Analysts Have Conflicting Sentiments on These Energy Companies: Targa Resources (TRGP) and Range Resources (RRC)
Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Targa Resources (TRGP) and Range Resources (RRC).
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Targa Resources (TRGP)
J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on Targa Resources today and set a price target of $315.00. The company’s shares closed last Thursday at $276.67.
According to TipRanks.com, Tonet is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Targa Resources with a $289.27 average price target, representing a 4.5% upside. In a report issued on June 25, Erste Group also initiated coverage with a Buy rating on the stock.
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Range Resources (RRC)
RBC Capital analyst Scott Hanold maintained a Hold rating on Range Resources yesterday and set a price target of $50.00. The company’s shares closed last Thursday at $36.94.
Hanold has an average return of
According to TipRanks.com, Hanold is ranked #183 out of 12375 analysts.
Currently, the analyst consensus on Range Resources is a Hold with an average price target of $45.84, implying a 24.7% upside from current levels. In a report issued on June 29, Morgan Stanley also maintained a Hold rating on the stock with a $44.00 price target.
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