Stifel Financial Corp Lowers Stock Holdings in Targa Resources Corp. - MarketBeat
| 0LD9 Stock | 186.78 0.81 0.44% |
Slightly above 51% of Targa Resources' investor base is interested to short. The analysis of overall sentiment of trading Targa Resources Corp stock suggests that many investors are impartial at this time. Targa Resources' investing sentiment can be driven by a variety of factors including economic data, Targa Resources' earnings reports, geopolitical events, and overall market trends.
Targa Resources stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Targa daily returns and investor perception about the current price of Targa Resources Corp as well as its diversification or hedging effects on your existing portfolios.
Targa |
Stifel Financial Corp Lowers Stock Holdings in Targa Resources Corp. MarketBeat
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Targa Resources Fundamental Analysis
We analyze Targa Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Targa Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Targa Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Targa Resources is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Targa Resources Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Targa Resources stock to make a market-neutral strategy. Peer analysis of Targa Resources could also be used in its relative valuation, which is a method of valuing Targa Resources by comparing valuation metrics with similar companies.
Peers
Targa Resources Related Equities
| GRX | GreenX Metals | 0.88 | ||||
| IBT | International Biotechnology | 0.28 | ||||
| EUZ | Europa Metals | 0.00 | ||||
| 0Q1S | Verizon Communications | 0.12 | ||||
| 0LRK | Vulcan Materials | 0.17 | ||||
| SPT | Spirent Communications | 0.39 | ||||
| PALM | Panther Metals | 5.26 |
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.