Targa Exploration Announces Share Consolidation Effective May 27, 2025

Targa Exploration Corp. ( (TSE:TEX) ) has provided an update.

Targa Exploration Corp. announced a share consolidation effective May 27, 2025, where one new common share will replace every five old shares. The company’s name and trading symbol remain unchanged, and post-consolidation shares will trade on the Canadian Securities Exchange with approximately 20,683,865 shares outstanding. This move is part of Targa’s strategic efforts to streamline its share structure, potentially enhancing its market position and value for stakeholders.

Spark’s Take on TSE:TEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:TEX is a Underperform.

Targa Exploration Corp.’s financial instability, demonstrated by a lack of revenue and negative cash flow, heavily impacts its stock score. Weak technical indicators and an unattractive valuation further depress the score, suggesting significant risk for potential investors.

To see Spark’s full report on TSE:TEX stock, click here.

More about Targa Exploration Corp.

Targa Exploration Corp. is a Canadian exploration company focused on acquiring, exploring, and developing gold mineral properties. Headquartered in Vancouver, British Columbia, its principal asset is the Opinaca Gold Project, which features a significant gold-in-till anomaly over a 7km strike length.

Average Trading Volume: 118,654

Technical Sentiment Signal: Sell

Learn more about TEX stock on TipRanks’ Stock Analysis page.