Targa Resources Stock Today
| TRGP Stock | USD 112.92 1.14 1.02% |
Performance29 of 100
| Odds Of DistressLess than 19
|
Targa Resources is selling at 112.92 as of the 20th of April 2024; that is 1.02 percent up since the beginning of the trading day. The stock's last reported lowest price was 112.0. Targa Resources has less than a 19 % chance of experiencing some financial distress in the next two years of operation and had a strong performance during the last 90 days. Equity ratings for Targa Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of January 2024 and ending today, the 20th of April 2024. Click here to learn more.
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company was incorporated in 2005 and is headquartered in Houston, Texas. The company has 222.54 M outstanding shares of which 3.77 M shares are at this time shorted by private and institutional investors with about 2.45 trading days to cover. More on Targa Resources
Moving together with Targa Stock
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Moving against Targa Stock
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Follow Valuation Odds of Bankruptcy
Financial Report 2nd of May 2024
Targa Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Targa Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Targa Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Matthew Meloy |
| Business Concentration | Oil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, NYSE Composite, SP 500 Index, Dow Jones Oil, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors) |
| Financial Strength Based on the key indicators related to Targa Resources' liquidity, profitability, solvency, and operating efficiency, Targa Resources is not in a good financial situation at this time. It has a very high risk of going through financial distress in May. Financial strength of Targa Resources is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
Targa Resources (TRGP) is traded on New York Stock Exchange in USA. It is located in 811 Louisiana Street, Houston, TX, United States, 77002 and employs 3,182 people. Targa Resources is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 24.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Targa Resources's market, we take the total number of its shares issued and multiply it by Targa Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Targa Resources conducts business under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 222.54 M outstanding shares of which 3.77 M shares are at this time shorted by private and institutional investors with about 2.45 trading days to cover.
Targa Resources currently holds about 154 M in cash with 3.21 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.68.
Check Targa Resources Probability Of Bankruptcy
Ownership AllocationTarga Resources shows a total of 222.54 Million outstanding shares. The majority of Targa Resources outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Targa Resources to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Targa Resources. Please pay attention to any change in the institutional holdings of Targa Resources as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Targa Ownership Details
Targa Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of Targa Resources jumping above the current price in 90 days from now is about 14.56%. The Targa Resources probability density function shows the probability of Targa Resources stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Targa Resources has a beta of 0.9115. This usually implies Targa Resources market returns are sensible to returns on the market. As the market goes up or down, Targa Resources is expected to follow. Additionally, targa Resources has an alpha of 0.4126, implying that it can generate a 0.41 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Targa Resources to move above the current price in 90 days from now is about 14.56 (This Targa Resources probability density function shows the probability of Targa Stock to fall within a particular range of prices over 90 days) .
Targa Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Targa Resources market risk premium is the additional return an investor will receive from holding Targa Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Targa Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Targa Resources' alpha and beta are two of the key measurements used to evaluate Targa Resources' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.2421 | |||
| Jensen Alpha | 0.4126 | |||
| Total Risk Alpha | 0.325 | |||
| Sortino Ratio | 0.4377 |
Targa Stock Against Markets
Picking the right benchmark for Targa Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Targa Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Targa Resources is critical whether you are bullish or bearish towards Targa Resources at a given time. Please also check how Targa Resources' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Targa Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Targa Resources Corporate Directors
Targa Resources corporate directors refer to members of a Targa Resources board of directors. The board of directors generally takes responsibility for the Targa Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Targa Resources' board members must vote for the resolution. The Targa Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ershel Redd | Independent Director | Profile | |
| Robert Evans | Independent Director | Profile | |
| Waters Davis | Independent Director | Profile | |
| Charles Crisp | Independent Director | Profile |
How to buy Targa Stock?
Before investing in Targa Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Targa Resources. To buy Targa Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Targa Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Targa Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Targa Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Targa Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Targa Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Targa Stock please use our How to Invest in Targa Resources guide.
Already Invested in Targa Resources?
The danger of trading Targa Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Targa Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Targa Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Targa Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Targa Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Targa Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Targa Resources Stock. Highlighted below are key reports to facilitate an investment decision about Targa Resources Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.Note that the Targa Resources information on this page should be used as a complementary analysis to other Targa Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary 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.
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Is Targa Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Targa Resources. If investors know Targa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Targa Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Targa Resources is measured differently than its book value, which is the value of Targa that is recorded on the company's balance sheet. Investors also form their own opinion of Targa Resources' value that differs from its market value or its book value, called intrinsic value, which is Targa Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Targa Resources' market value can be influenced by many factors that don't directly affect Targa Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Targa Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Targa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Targa Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.