Targa Resources Corp (NYSE: TRGP) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

Targa Resources Corp is listed on the NYSE in the Energy sector while operating in the Oil & Gas Midstream industry. The current market capitalization of Targa Resources Corp is $33.30B. A total of 0.85 million shares were traded on the day, compared to an average of 1.66M shares.

In the most recent transaction, Muraro Robert sold 2,500 shares of TRGP for 146.20 per share on Sep 03 ’24. After the transaction, the Chief Commercial Officer now owns 174,451 company shares. In a previous transaction on Aug 15 ’24, Davis Waters S IV sold 3,597 shares at 142.43 per share. TRGP shares that Director owns now total 5,878.

Among the insiders who sold shares, Perkins Joe Bob disposed of 21,000 shares on Aug 14 ’24 at a per-share price of $139.11. This resulted in the Director holding 7,622 shares of TRGP after the transaction. In another insider transaction, Perkins Joe Bob sold 18,000 shares at $139.27 per share on Aug 14 ’24. Company shares held by the Director now total 20,440.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Targa Resources Corp pays an annual dividend of $2.50, resulting in a dividend yield of 1.64%, and it has a price to earnings (P/E) ratio of 31.87. TRGP’s most recent ex-dividend date was 7/31/2024 when it declared a $0.75 quarterly dividend that was paid in cash on 8/15/2024. Previously, the company paid the dividend on 5/15/2024 with an ex-dividend date of 4/29/2024. The TRGP stock dividend was $0.75 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, TRGP has a high of $152.42 and a low of $77.97.

As of this writing, TRGP has an earnings estimate of $1.51 per share for the current quarter. EPS was calculated based on a consensus of 14.0 estimates, with a high estimate of $1.77 per share and a lower estimate of $1.16. The company reported an EPS of $0.97 in the last quarter

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. TRGP’s latest balance sheet shows that the firm has $158.50M in Cash & Short Term Investments as of fiscal 2021. There were $6.63B in debt and $2.30B in liabilities at the time. Its Book Value Per Share was $11.26, while its Total Shareholder’s Equity was $5.18B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TRGP is Buy with a score of 4.89.

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