There’s No Need To Panic Or Freeze When It Comes To Targa Resources Corp (NYSE: TRGP)

After Hours

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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 $29.36B. A total of 1.15 million shares were traded on the day, compared to an average of 1.56M shares.

In the most recent transaction, Muraro Robert sold 9,900 shares of TRGP for 130.31 per share on Jun 28 ’24. After the transaction, the Chief Commercial Officer now owns 186,951 company shares. In a previous transaction on Jun 26 ’24, Muraro Robert sold 100 shares at 130.00 per share. TRGP shares that Chief Commercial Officer owns now total 196,851.

Among the insiders who sold shares, Muraro Robert disposed of 10,000 shares on Jun 10 ’24 at a per-share price of $120.08. This resulted in the Chief Commercial Officer holding 196,951 shares of TRGP after the transaction. In another insider transaction, Muraro Robert sold 12,500 shares at $116.63 per share on Jun 03 ’24. Company shares held by the Chief Commercial Officer now total 206,951.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Targa Resources Corp pays an annual dividend of $2.25, resulting in a dividend yield of 1.70%, and it has a price to earnings (P/E) ratio of 27.18. TRGP’s most recent ex-dividend date was 4/29/2024 when it declared a $0.75 quarterly dividend that was paid in cash on 5/15/2024. Previously, the company paid the dividend on 2/15/2024 with an ex-dividend date of 1/30/2024. 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 $133.78 and a low of $76.61.

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 $12.17, while its Total Shareholder’s Equity was $5.18B.

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 4.89.

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