After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Targa Resources Corp. to Participate in Morgan Stanley Energy & Power Conference.
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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 $22.17B. A total of 1.24 million shares were traded on the day, compared to an average of 1.73M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, TRGP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 2 BUYs and 25 SELLs from insiders. Insiders purchased 89,913 shares during that period but sold 188,308.
In the most recent transaction, Pryor D. Scott sold 10,000 shares of TRGP for 97.00 per share on Feb 26. After the transaction, the insider now owns 156,098 company shares. In a previous transaction on Feb 23, Muraro Robert sold 10,000 shares at 97.31 per share. TRGP shares that Chief Commercial Officer owns now total 219,451.
Among the insiders who sold shares, Cooksen Lindsey disposed of 1,000 shares on Feb 23 at a per-share price of $97.36. This resulted in the Director holding 11,226 shares of TRGP after the transaction. In another insider transaction, Perkins Joe Bob sold 45,175 shares at $97.61 per share on Feb 22. Company shares held by the Director now total 0.
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 $2.00, resulting in a dividend yield of 2.01%, and it has a price to earnings (P/E) ratio of 27.00. TRGP’s most recent ex-dividend date was 1/30/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/30/2023. The TRGP stock dividend was $0.50 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 $99.04 and a low of $64.85.
As of this writing, TRGP has an earnings estimate of $1.32 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.45 per share and a lower estimate of $1.19. The company reported an EPS of $0.97 in the last quarter, which was -19.20% lower than expectations of $1.2.
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 $12.31, while its Total Shareholder’s Equity was $5.93B.
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 4.94.
