Targa Resources Corp (NYSE: TRGP): Is It A Buying Opportunity Again?

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1×1 Forum.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Midstream industry segment. The current market capitalization of Targa Resources Corp is $25.21B. A total of 1.24 million shares were traded on the day, compared to an average of 1.72M 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.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Targa Resources Corp pays an annual dividend of $2.00, resulting in a dividend yield of 1.77%, and it has a price to earnings (P/E) ratio of 30.80. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, TRGP has a high of $112.51 and a low of $67.36.

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 $1.46 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.

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