Targa Resources Financials

Targa Resources Stock Summary

Targa Resources competes with Enbridge, TC Energy, Cheniere Energy, Kinder Morgan, and Williams Companies. 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. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas. TARGA RESOURCES operates under Oil Gas Midstream classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2460 people.

Targa Resources Key Financial Ratios

There are many critical financial ratios that Targa Resources' investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Targa Resources Corp reports annually and quarterly.

Targa Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Targa Resources's current stock value. Our valuation model uses many indicators to compare Targa Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Targa Resources competition to find correlations between indicators driving Targa Resources's intrinsic value. More Info.Targa Resources Corp is currently regarded as top stock in return on equity category among its peers. It is rated third in return on asset category among its peers reporting about  0.22  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Targa Resources Corp is roughly  4.51 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Targa Resources' earnings, one of the primary drivers of an investment's value.

Targa Resources Corp Systematic Risk

Along with financial statement analysis, the daily predictive indicators of Targa Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Targa Resources Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Targa Resources Corp based on widely used predictive technical indicators. In general, we focus on analyzing Targa Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Targa Resources's daily price indicators and compare them against related drivers.

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.