Targa Resources Stock Performance
| TRGP Stock | USD 207.31 0.38 0.18% |
On a scale of 0 to 100, Targa Resources holds a performance score of 27. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Targa Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Targa Resources is expected to be smaller as well. Please check Targa Resources' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Targa Resources' existing price patterns will revert.
Risk-Adjusted Performance
27 of 100
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Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Targa Resources are ranked lower than 27 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak technical and fundamental indicators, Targa Resources reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (0.18) | Five Day Return 4.75 | Year To Date Return 139.89 | Ten Year Return 70.78 | All Time Return 739.31 |
Forward Dividend Yield 0.0145 | Payout Ratio 0.4955 | Forward Dividend Rate 3 | Dividend Date 2024-11-15 | Ex Dividend Date 2024-10-31 |
1 | Targa Resources Corp. A Good Addition To Your Infrastructure Stock Portfolio | 09/24/2024 |
2 | Targa Resources Corp Shares Gap Down to 161.54 on Oct 15 | 10/15/2024 |
3 | Disposition of 1889 shares by Julie Boushka of Targa Resources at 99.34 subject to Rule 16b-3 | 10/22/2024 |
4 | Targa Resources Corp. Reports Record Third Quarter 2024 Results and Announces Expectations for a 33 percent Year-Over-Year Increase to its 2025 Common Dividend | 11/05/2024 |
5 | Decoding Targa Resources Corp A Strategic SWOT Insight | 11/06/2024 |
6 | MontVue Capital Management Inc. Reduces Holdings in Targa Resources Corp. | 11/08/2024 |
7 | Targa Resources Upgraded to Buy What Does It Mean for the Stock | 11/11/2024 |
8 | Targa Resources director Charles Crisp sells 1.14 million in stock | 11/12/2024 |
| Targa Resources dividend paid on 15th of November 2024 | 11/15/2024 |
10 | Targa Resources, Inc. Is Up 1.96 percent in One Week What You Should Know | 11/19/2024 |
11 | 6,159 Shares in Targa Resources Corp. Bought by Strategy Asset Managers LLC | 11/20/2024 |
12 | Targa Resources Corp. Shares Could Be 29 percent Above Their Intrinsic Value Estimate | 11/21/2024 |
| Begin Period Cash Flow | 219 M |
Targa |
Targa Resources Relative Risk vs. Return Landscape
If you would invest 14,448 in Targa Resources on August 27, 2024 and sell it today you would earn a total of 6,283 from holding Targa Resources or generate 43.49% return on investment over 90 days. Targa Resources is currently generating 0.5796% in daily expected returns and assumes 1.6732% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of stocks are less volatile than Targa, and 89% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Targa Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Targa Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Targa Resources, and traders can use it to determine the average amount a Targa Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3464
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Estimated Market Risk
| 1.67 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average Targa Resources is performing at about 27% 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.
Targa Resources Fundamentals Growth
Targa Stock prices reflect investors' perceptions of the future prospects and financial health of Targa Resources, and Targa Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Targa Stock performance.
| Return On Equity | 0.34 | ||||
| Return On Asset | 0.0781 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 59.42 B | ||||
| Shares Outstanding | 218.06 M | ||||
| Price To Earning | 75.42 X | ||||
| Price To Book | 17.56 X | ||||
| Price To Sales | 2.79 X | ||||
| Revenue | 16.06 B | ||||
| Gross Profit | 4.05 B | ||||
| EBITDA | 3.96 B | ||||
| Net Income | 828.2 M | ||||
| Cash And Equivalents | 154 M | ||||
| Cash Per Share | 0.68 X | ||||
| Total Debt | 13.01 B | ||||
| Debt To Equity | 1.70 % | ||||
| Current Ratio | 0.69 X | ||||
| Book Value Per Share | 11.79 X | ||||
| Cash Flow From Operations | 3.21 B | ||||
| Earnings Per Share | 5.54 X | ||||
| Market Capitalization | 45.21 B | ||||
| Total Asset | 20.67 B | ||||
| Retained Earnings | 492 M | ||||
| Working Capital | (566.3 M) | ||||
| Current Asset | 920 M | ||||
| Current Liabilities | 881.6 M | ||||
About Targa Resources Performance
Assessing Targa Resources' fundamental ratios provides investors with valuable insights into Targa Resources' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Targa Resources is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 10.36 | 5.90 | |
| Return On Tangible Assets | 0.07 | 0.08 | |
| Return On Capital Employed | 0.15 | 0.15 | |
| Return On Assets | 0.07 | 0.07 | |
| Return On Equity | 0.49 | 0.52 |
Things to note about Targa Resources performance evaluation
Checking the ongoing alerts about Targa Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Targa Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Targa Resources currently holds 13.01 B in liabilities with Debt to Equity (D/E) ratio of 1.7, which is about average as compared to similar companies. Targa Resources has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Targa Resources' use of debt, we should always consider it together with its cash and equity. | |
| Targa Resources has a strong financial position based on the latest SEC filings | |
| Over 92.0% of Targa Resources shares are owned by institutional investors | |
| On 15th of November 2024 Targa Resources paid $ 0.75 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Targa Resources Corp. Shares Could Be 29 percent Above Their Intrinsic Value Estimate |
- Analyzing Targa Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Targa Resources' stock is overvalued or undervalued compared to its peers.
- Examining Targa Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Targa Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Targa Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Targa Resources' stock. These opinions can provide insight into Targa Resources' potential for growth and whether the stock is currently undervalued or overvalued.
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.