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TRGP

Targa Resources

$44.39

0.72 (1.65%)

, WMB

Williams

$27.02

0.28 (1.05%)

16:22
02/13/19
02/13
16:22
02/13/19
16:22

Williams, Targa announce new natural gas liquids agreements

Williams (WMB) and Targa Resources (TRGP) announced new natural gas liquids agreements and NGL pipeline projects that will link the Conway, Kansas, and Mont Belvieu, Texas, NGL markets. Williams will build a 188-mile NGL pipeline, called the "Bluestem Pipeline," from its fractionator in Conway, Kansas, and the southern terminus of Overland Pass Pipeline to an interconnect with Targa's Grand Prix NGL Pipeline in Kingfisher County, Oklahoma. Targa will construct a 110-mile extension of Grand Prix from southern Oklahoma into the Sooner Trend (oil field), Anadarko (basin), Canadian and Kingfisher region of Central Oklahoma where it will connect with Williams' new Bluestem Pipeline. In connection with this project, Williams has committed to Targa significant volumes which Targa will transport on Grand Prix and fractionate at Targa's Mont Belvieu facilities. Williams will also have an initial option to purchase a 20% equity interest in one of Targa's recently announced new fractionation trains 7 or 8 in Mont Belvieu. Targa's Grand Prix extension will have an initial capacity of approximately 120,000 barrels per day and is expected to cost approximately $200 million. Targa and Williams are targeting an in-service date of first-quarter 2021 for both the Grand Prix extension and the new Bluestem Pipeline, respectively. As part of the project, Williams also plans to expand the DJ Lateral of the Overland Pass Pipeline and make improvements at its Conway NGL Storage facility. Williams expects its investment in these NGL logistics projects to be $350M to $400M.

TRGP

Targa Resources

$44.39

0.72 (1.65%)

WMB

Williams

$27.02

0.28 (1.05%)

  • 14

    Feb

  • 20

    Feb

  • 04

    Mar

TRGP Targa Resources
$44.39

0.72 (1.65%)

01/09/19
FBCO
01/09/19
UPGRADE
FBCO
Outperform
Targa Resources upgraded to Outperform from Neutral at Credit Suisse
01/09/19
01/09/19
UPGRADE
Target $60

Outperform
Targa Resources upgraded to Outperform at Credit Suisse on funding outlook
As previously reported, Credit Suisse analyst Spiro Dounis upgraded Targa Resources to Outperform from Neutral, with a $60 price target, as he expects the company can fund growth without heavy reliance on the At-The-Market program, and given the recent selloff across the midstream space that has created additional upside potential as the stock has fallen almost 30% since peaking in Q4. Further, the analyst notes that Targa Resources is on pace for a cash flow inflection thanks to peer leading EBITDA growth at about 17% CAGR through 2022.
01/29/19
GHSC
01/29/19
UPGRADE
GHSC
Buy
Targa Resources upgraded to Buy from Neutral at Seaport Global
Seaport Global analyst Sunil Sibal upgraded Targa Resources to Buy from Neutral citing recent underperformance and lowered its price target to $48 from $58. The analyst lowered estimates do account for lower commodity prices and assumes the divestiture of its 50% stake in Badlands in the middle of 2019.
02/05/19
EVER
02/05/19
INITIATION
Target $46
EVER
In Line
Targa Resources initiated with an In Line at Evercore ISI
Evercore ISI analyst Durgesh Chopra initiated Targa Resources with an In Line and $46 price target.
WMB Williams
$27.02

0.28 (1.05%)

01/16/19
LEHM
01/16/19
UPGRADE
Target $31
LEHM
Overweight
Williams upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Christine Cho upgraded Williams Companies to Overweight with a $31 price target. The company is now positioned to reduce leverage at an accelerated pace and internally fund incremental growth projects and/or return capital to shareholders in a more meaningful way, Cho tells investors in a research note.
01/16/19
01/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. MetLife (MET) upgraded to Buy from Neutral at BofA/Merrill with analyst Jay Cohen saying quality concerns are diminishing as management addresses past issues and believes the business mix has notably changed for the positive following the Brighthouse spin. 2. ING Group (ING) upgraded to Buy from Hold at Societe Generale. 3. Williams (WMB) upgraded to Overweight from Equal Weight at Barclays analyst Christine Cho saying the company is now positioned to reduce leverage at an accelerated pace and internally fund incremental growth projects and/or return capital to shareholders in a more meaningful way. 4. Accenture (ACN) upgraded to Buy from Neutral at Citi with analyst Ashwin Shirvaikar saying against a backdrop of rising political and policy risks, a more defensive Information Technology Services stance is appropriate. 5. Nutanix (NTNX) and Teradata (TDC) were upgraded to Overweight from Equal Weight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/28/19
JEFF
01/28/19
DOWNGRADE
JEFF
Hold
DCP Midstream downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Sighinolfi downgraded DCP Midstream (DCP) to Hold, from Buy, citing valuation following early year-to-date gains. While he is still bullish on U.S. Midstream, he favors defensive names with contracted 2019-20 cash flow growth supported by pending asset in-services, such as Williams (WMB), Equitrans Midstream (ETRN) and Enterprise Products (EPD), Sighinolfi tells investors.
02/05/19
EVER
02/05/19
INITIATION
Target $31
EVER
Outperform
Williams initiated with an Outperform at Evercore ISI
Evercore ISI analyst Durgesh Chopra initiated Williams with an Outperform and $31 price target.

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PAAS

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$14.68

-0.4 (-2.65%)

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PAAS

Pan American Silver

$14.68

-0.4 (-2.65%)

18:36
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ARGO

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GLD

SPDR Gold Shares

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SP

SP Plus Corp.

$36.62

0.15 (0.41%)

18:20
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Austria's Kurz says Trump, EU far apart on auto tariffs, Bloomberg says »

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GM

General Motors

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0.43 (1.09%)

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FCAU

Fiat Chrysler

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SP

SP Plus Corp.

$36.62

0.15 (0.41%)

18:18
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SP Plus reports Q4 adjusted EPS 57c, consensus 48c »

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  • 21

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LBY

Libbey

$5.75

0.15 (2.68%)

18:14
02/20/19
02/20
18:14
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Libbey sees FY19 revenue increase in low single digits, one estimate $806.6M »

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  • 21

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LBY

Libbey

$5.75

0.15 (2.68%)

18:13
02/20/19
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Earnings
Libbey reports Q4 EPS (18c), two estimates 24c »

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  • 21

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NTES

NetEase

$232.66

3.11 (1.35%)

18:07
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NetEase reports Q4 online game service revenues up 37.7% at $1.6B »

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  • 20

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NTES

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$232.66

3.11 (1.35%)

18:05
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NetEase declares Q4 quarterly dividend of 48c vs 45c in Q3 »

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NTES

NetEase

$232.66

3.11 (1.35%)

18:04
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Earnings
NetEase reports Q4 EPS $2.66, consensus $1.54 »

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  • 20

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LEE

Lee Enterprises

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KRNY

Kearny Financial

$13.48

-0.01 (-0.07%)

18:03
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Kearny Financial raises quarterly dividend to 6c per share from 5c »

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CPRT

Copart

$53.43

0.11 (0.21%)

18:02
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Earnings
Breaking Earnings news story on Copart »

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CE

Celanese

$102.65

1.71 (1.69%)

18:02
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CPRT

Copart

$53.43

0.11 (0.21%)

18:01
02/20/19
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Earnings
Copart reports Q2 EPS 55c, consensus 51c »

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WPG

Washington Prime

$5.77

(0.00%)

17:50
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  • 21

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CPA

Copa Holdings

$89.89

-0.8 (-0.88%)

, GE

General Electric

$10.10

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GE

General Electric

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BA

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ERJ

Embraer

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WPG

Washington Prime

$5.77

(0.00%)

17:49
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  • 21

    Feb

RMAX

RE/MAX Holdings

$40.54

0.11 (0.27%)

17:48
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RE/MAX Holdings raises quarterly dividend 5% to 21c per share »

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  • 22

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MSA

MSA Safety

$100.06

-1.13 (-1.12%)

17:46
02/20/19
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Earnings
MSA Safety reports Q4 adjusted EPS $1.27, consensus $1.27 »

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