On May 8, 2024, Director Charles Crisp sold 7,000 shares of Targa Resources Corp (TRGP, Financial) as reported in the SEC Filing. The transaction occurred at a price of $112.54 per share. Following this transaction, the insider has sold a total of 24,500 shares over the past year, with no recorded purchases.
Targa Resources Corp (TRGP, Financial) is a provider of midstream services and logistics for the natural gas and natural gas liquids markets. The company operates a network of pipelines, processing plants, and storage facilities, primarily in the Southern and Midwestern United States.
The company's shares were trading at $112.54 on the day of the sale, giving Targa Resources Corp a market cap of approximately $25.18 billion. The price-earnings ratio of the company stands at 23.37, which is above the industry median of 11.215.
According to the GF Value, the intrinsic value of Targa Resources Corp's stock is estimated at $72.46, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.55.
Over the past year, there have been no insider buys and 22 insider sells at Targa Resources Corp, reflecting a trend of insider sales.
This insider activity and the current valuation metrics provide investors with data points to consider in their investment decisions regarding Targa Resources Corp (TRGP, Financial).
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
