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. Most recently, Yahoo Finance reported about the stock as it publicized that Targa Resources Corp. to Participate in Morgan Stanley Energy & Power 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. The current market capitalization of Targa Resources Corp is $24.75B. A total of 1.81 million shares were traded on the day, compared to an average of 1.67M shares.
In the most recent transaction, Boushka Julie H. sold 10,000 shares of TRGP for 100.96 per share on Mar 05 ’24. After the transaction, the Senior VP and CAO now owns 59,919 company shares. In a previous transaction on Feb 26 ’24, Pryor D. Scott sold 10,000 shares at 97.00 per share. TRGP shares that the insider owns now total 156,098.
Among the insiders who sold shares, Muraro Robert disposed of 10,000 shares on Feb 23 ’24 at a per-share price of $97.31. This resulted in the Chief Commercial Officer holding 219,451 shares of TRGP after the transaction. In another insider transaction, Cooksen Lindsey sold 1,000 shares at $97.36 per share on Feb 23 ’24. Company shares held by the Director now total 11,226.
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 $2.00, resulting in a dividend yield of 1.80%, and it has a price to earnings (P/E) ratio of 30.15. 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.
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 $111.13 and a low of $64.85.
As of this writing, TRGP has an earnings estimate of $1.31 per share for the current quarter. EPS was calculated based on a consensus of 12 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
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 $12.31, while its Total Shareholder’s Equity was $5.93B.
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 4.88.
