U.S. crude jumps to three-month high as dollar drops on weak retail sales data [Seeking Alpha]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: Seeking Alpha
Agency and bouncing from losses in the previous session that were driven by an oversized build in domestic crude inventories. U.S. retail sales data that showed a larger than expected decline in January sparked a selloff in the dollar, with some renewed optimism over the potential for interest rate cuts from the Federal Reserve, which could be positive for oil demand. A weaker dollar usually helps oil prices because it makes the commodity cheaper for holders of other currencies. In its monthly report , the IEA reiterated its oil demand growth estimate of 1.2M bbl/day for 2024 while forecasting a rise in supply by 1.7M bbl/day, up from its previous forecast of 1.5M bbl/day. "Nobody believed IEA's downbeat forecast as traders cling to OPEC's report released earlier this week that painted a much rosier picture" for demand, Manish Raj, managing director at Velandera Energy Partners, said according to MarketWatch. Front-month Nymex crude ( CL1:COM ) for March delivery closed to $
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TRGP
News
- Targa Resources Corp. (NYSE:TRGP) Stock Goes Ex-Dividend In Just Two Days [Yahoo! Finance]Yahoo! Finance
- Targa Resources' (NYSE:TRGP) Dividend Will Be Increased To $0.75 [Yahoo! Finance]Yahoo! Finance
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Stifel Nicolaus from $111.00 to $130.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Scotiabank from $112.00 to $128.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Investors' Guide to Targa Resources' (TRGP) Dividend Hike [Yahoo! Finance]Yahoo! Finance
TRGP
Sec Filings
- 3/21/24 - Form ARS
- 3/21/24 - Form DEFA14A
- 3/21/24 - Form DEF
- TRGP's page on the SEC website