Targa Resources Corp (TRGP) continues to make notable movements. Its recent debt offering of $2 billion allows it to gain full control of its North Dakota assets. Despite the Q4 earnings miss, with revenues on the increase year-on-year, the corporation is in a strong position. Recent strategic transactions, selling of senior notes and robust share dividends have seen investor buoyancy increase, with the share price reaching an all-time high of $210. Access to the latest annual report and SWOT analysis reveals continued growth, propelled by operations in the Permian Basin. High-level insiders, including CEO Matthew Meloy and new president Scott Pryor, have recently sold significant amounts of TRGP stock. However, significant expansion and profitability have been noted, including plans to hike the dividend by 33%. Analysts continue to view TRGP positively, forecasting the intrinsic value estimate to be 29% above current share prices.
Targa Resources Corp TRGP News Analytics from Wed, 07 Aug 2024 07:00:00 GMT to Sat, 01 Mar 2025 03:28:53 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -6
