Today, a Director at Targa Resources Corp (TRGP), Chris Tong, bought shares of TRGP for $103.4K.
Following Chris Tong’s last TRGP Buy transaction on August 22, 2011, the stock climbed by 27.7%. This is Tong’s first transaction since reporting a Buy transaction on KOS back in September 2014
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Based on Targa Resources Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.01 billion and GAAP net loss of $23.7 million. In comparison, last year the company earned revenue of $2.14 billion and had a GAAP net loss of $168 million. TRGP’s market cap is $10.89B and the company has a P/E ratio of 41.98. Currently, Targa Resources Corp has an average volume of 2.31M.
Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $62.55, reflecting a 32.4% upside. Eight different firms, including Wells Fargo and Barclays, currently also have a Buy rating on the stock. Starting in October 2018, TRGP received 7 Buy ratings in a row.
The insider sentiment on Targa Resources Corp has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following segments: Gathering and Processing, and Logistics and Marketing.
