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Tuesday, January 31, 2023

Is Targa Resources Corp. (NYSE: TRGP) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Targa Resources Corp. (TRGP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $73.50. The Targa Resources Corp. has recorded 335,710 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Targa Resources Corp. to Participate in Capital One Securities 17th Annual Energy Conference.


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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. At the end of the last regular session, the stock closed at $73.50 and fluctuated between $73.97 as its day high and $72.79 as its day low. The current market capitalization of Targa Resources Corp. is $16.67B. A total of 1.55 million shares were traded on the day, compared to an average of 2.44M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, TRGP has seen 0 BUY and 18 SELL insider trades, representing the acquisition of 0 and the disposition of 180,351 shares. Over the last 12 months, there were 30 BUYs and 77 SELLs from insiders. Insiders purchased 720,268 shares during that period but sold 1,075,038.

In the most recent transaction, Chung Paul W sold 100 shares of TRGP for 76.00 per share on Dec 05. After the transaction, the Director now owns 218,412 company shares. In a previous transaction on Dec 05, Muraro Robert sold 5,000 shares at 74.95 per share. TRGP shares that Chief Commercial Officer owns now total 176,947.

Among the insiders who sold shares, Chung Paul W disposed of 7,044 shares on Dec 01 at a per-share price of $76.03. This resulted in the Director holding 218,512 shares of TRGP after the transaction. In another insider transaction, Boushka Julie H. sold 2,086 shares at $70.87 per share on Nov 09. Company shares held by the Senior VP and CAO now total 57,839.

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 $1.40, resulting in a dividend yield of 1.90%, and it has a price to earnings (P/E) ratio of 70.95. TRGP’s most recent ex-dividend date was 10/28/2022 when it declared a $0.35 quarterly dividend that was paid in cash on 11/15/2022. Previously, the company paid the dividend on 8/15/2022 with an ex-dividend date of 7/28/2022. The TRGP stock dividend was $0.35 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. According to analysts who have offered 12-month price targets for TRGP in the last 3 months, the mean price target is $94.05 with high estimates of $111.00 and low estimates of $81.00. In terms of 52-week highs and lows, TRGP has a high of $81.50 and a low of $51.26.

As of this writing, TRGP has an earnings estimate of $1.22 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.53 per share and a lower estimate of $0.57. The company reported an EPS of $0.06 in the last quarter, which was -93.00% lower than expectations of $0.86.

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.

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, 22 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 Sell with a score of 4.93. A total of 19 analysts rated the stock as Buy while 2 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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