On May 10, 2024, REDD ERSHEL C JR, Director at Targa Resources Corp (TRGP, Financial), executed a sale of 3,000 shares of the company. The transaction was filed with the SEC and the shares were sold at a price of $113.1 each.
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 major assets including natural gas gathering pipelines and processing plants.
This sale by the insider is part of a broader trend observed over the past year at Targa Resources Corp, where there have been 24 insider sells and no insider buys. The insider, REDD ERSHEL C JR, has sold a total of 3,000 shares over the past year and has not purchased any shares.
As of the latest sale, Targa Resources Corp (TRGP, Financial) holds a market cap of $25.03 billion. The stock's price-earnings ratio stands at 23.23, which is above the industry median of 11.36.
The GF Value for Targa Resources Corp is $72.15, indicating a price-to-GF-Value ratio of 1.57. This suggests that the stock is significantly overvalued based on its GF Value.
The GF Value is calculated considering historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the stock's valuation metrics.
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.
