Targa Resources Stock Price on May 16, 2023
| TRGP Stock | USD 201.06 6.25 3.01% |
Below is the normalized historical share price chart for Targa Resources extending back to December 07, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Targa Resources stands at 201.06, as last reported on the 25th of November, with the highest price reaching 209.01 and the lowest price hitting 199.74 during the day.
If you're considering investing in Targa Stock, it is important to understand the factors that can impact its price. Targa Resources appears to be very steady, given 3 months investment horizon. Targa Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.31, which indicates the firm had a 0.31% return per unit of risk over the last 3 months. By inspecting Targa Resources' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please review Targa Resources' Coefficient Of Variation of 281.48, risk adjusted performance of 0.2778, and Semi Deviation of 1.15 to confirm if our risk estimates are consistent with your expectations.
As of 11/25/2024, Common Stock Shares Outstanding is likely to drop to about 134.9 M. In addition to that, Total Stockholder Equity is likely to drop to about 2.5 B. At this time, Targa Resources' Price To Sales Ratio is relatively stable compared to the past year. As of 11/25/2024, Price Book Value Ratio is likely to grow to 8.58, while Price To Operating Cash Flows Ratio is likely to drop 4.58. Targa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 7th of December 2010 | 200 Day MA 133.2074 | 50 Day MA 169.3582 | Beta 2.237 |
Targa |
Sharpe Ratio = 0.3076
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Estimated Market Risk
| 1.73 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Targa Resources is performing at about 24% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Targa Resources by adding it to a well-diversified portfolio.
Price Book 17.5635 | Enterprise Value Ebitda 14.7538 | Price Sales 2.7878 | Shares Float 214.3 M | Dividend Share 2.75 |
Targa Resources Valuation on May 16, 2023
It is possible to determine the worth of Targa Resources on a given historical date. On May 16, 2023 Targa was worth 68.22 at the beginning of the trading date compared to the closed value of 66.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Targa Resources stock. Still, in general, we apply an absolute valuation method to find Targa Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Targa Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Targa Resources' related companies.
| Open | High | Low | Close | Volume | |
| 67.62 | 68.77 | 66.22 | 68.38 | 2,679,046 | |
05/16/2023 | 68.22 | 68.52 | 65.89 | 66.19 | 1,868,880 |
| 66.85 | 67.69 | 65.85 | 67.09 | 1,519,855 |
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Targa Resources Trading Date Momentum on May 16, 2023
| On May 17 2023 Targa Resources was traded for 67.09 at the closing time. The top price for the day was 67.69 and the lowest listed price was 65.85 . The trading volume for the day was 1.5 M. The trading history from May 17, 2023 was a factor to the next trading day price gain. The trading price change against the next closing price was 1.36% . The trading price change against the current closing price is 1.81% . |
Targa Resources Fundamentals Correlations and Trends
By evaluating Targa Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Targa Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Targa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Targa Resources Stock history
Targa Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Targa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Targa Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Targa Resources stock prices may prove useful in developing a viable investing in Targa Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 226 M | 134.9 M | |
| Net Income Applicable To Common Shares | 807.1 M | 847.5 M |
Targa Resources Stock Technical Analysis
Targa Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Targa Resources Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Targa Resources cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Targa Resources November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Targa Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Targa Resources shares will generate the highest return on investment. By undertsting and applying Targa Resources stock market strength indicators, traders can identify Targa Resources entry and exit signals to maximize returns
Targa Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Targa Resources' price direction in advance. Along with the technical and fundamental analysis of Targa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Targa to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2778 | |||
| Jensen Alpha | 0.504 | |||
| Total Risk Alpha | 0.3163 | |||
| Sortino Ratio | 0.2529 | |||
| Treynor Ratio | 0.9646 |
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Additional Tools for Targa Stock Analysis
When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.