Targa Resources Corp (TRGP): A Case For Going Higher

After Hours

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Midstream industry segment, falling under the Energy sector. The current market capitalization of Targa Resources Corp is $36.33B. A total of 2.73 million shares were traded on the day, compared to an average of 1.73M shares.

In the most recent transaction, Perkins Joe Bob sold 150,000 shares of TRGP for 155.53 per share on Sep 24 ’24. After the transaction, the Director now owns 110,470 company shares. In a previous transaction on Sep 03 ’24, Muraro Robert sold 2,500 shares at 146.20 per share. TRGP shares that Chief Commercial Officer owns now total 174,451.

Among the insiders who sold shares, Davis Waters S IV disposed of 3,597 shares on Aug 15 ’24 at a per-share price of $142.43. This resulted in the Director holding 5,878 shares of TRGP after the transaction. In another insider transaction, Perkins Joe Bob sold 21,000 shares at $139.11 per share on Aug 14 ’24. Company shares held by the Director now total 7,622.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Targa Resources Corp pays an annual dividend of $2.50, resulting in a dividend yield of 1.51%, and it has a price to earnings (P/E) ratio of 34.77. TRGP’s most recent ex-dividend date was 10/31/2024 when it declared a $0.75 quarterly dividend that was paid in cash on 11/15/2024. Previously, the company paid the dividend on 8/15/2024 with an ex-dividend date of 7/31/2024. The TRGP stock dividend was $0.75 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, TRGP has a high of $167.79 and a low of $81.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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