There has been a surge in the activities pertaining to Targa Resources Corp (TRGP), a midstream energy company that has been the subject of numerous financial analyses and insider evaluations recently. The company's rating has been upgraded to Buy. It is strategically well-positioned with expectations of a 33% YoY increase in the common dividend by 2025. Notably, Goldman Sachs has identified it as a stock with high consensus ROE.
However, there are concerns about the levels of debt the company is carrying. Recent insider transactions include a sale of shares by Chief Commercial Officer Robert Muraro. There have also been mentions of a missed earnings report with revenue numbers coming in weaker than expected. The company's performance has witnessed a drop of 4.14% on December 2.
Despite this, Targa continues to fare well with an expectation that the shares could be 29% above their intrinsic value. In the meantime, Targa Resources is advancing its Environmental, Social, and Governance (ESG) initiatives with the release of a Sustainability Report.
Targa Resources Corp TRGP News Analytics from Mon, 29 Jan 2024 08:00:00 GMT to Wed, 25 Dec 2024 17:00:11 GMT - Rating -1 - Innovation 2 - Information 4 - Rumor -4
