Targa Resources Stock Retained Earnings
| TRGP Stock | USD 112.41 1.65 1.45% |
Targa Resources fundamentals help investors to digest information that contributes to Targa Resources' financial success or failures. It also enables traders to predict the movement of Targa Stock. The fundamental analysis module provides a way to measure Targa Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Targa Resources stock.
| Last Reported | Projected for Next Year | ||
| Retained Earnings | 492 M | 516.6 M | |
| Retained Earnings Total Equity | -564.1 M | -592.3 M |
Targa | Retained Earnings |
Targa Resources Company Retained Earnings Analysis
Targa Resources' Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
More About Retained Earnings | All Equity Analysis
Retained Earnings | = | Beginning RE + Income | - | Dividends |
Current Targa Resources Retained Earnings | 492 M |
Most of Targa Resources' fundamental indicators, such as Retained Earnings, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Targa Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Targa Retained Earnings Driver Correlations
Understanding the fundamental principles of building solid financial models for Targa Resources is extremely important. It helps to project a fair market value of Targa Stock properly, considering its historical fundamentals such as Retained Earnings. Since Targa Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Targa Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Targa Resources' interrelated accounts and indicators.
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Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
| Competition |
Based on the latest financial disclosure, Targa Resources has a Retained Earnings of 492 M. This is 97.03% lower than that of the Oil, Gas & Consumable Fuels sector and 201.87% lower than that of the Energy industry. The retained earnings for all United States stocks is 94.73% higher than that of the company.
Targa Retained Earnings Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Targa Resources' direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.Targa Resources is currently under evaluation in retained earnings category among related companies.
Targa Resources ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Targa Resources' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Targa Resources' managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Targa Fundamentals
| Return On Equity | 0.33 | |||
| Return On Asset | 0.0816 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.15 % | |||
| Current Valuation | 40.21 B | |||
| Shares Outstanding | 222.54 M | |||
| Shares Owned By Insiders | 1.48 % | |||
| Shares Owned By Institutions | 94.00 % | |||
| Number Of Shares Shorted | 3.99 M | |||
| Price To Earning | 75.42 X | |||
| Price To Book | 9.32 X | |||
| Price To Sales | 1.59 X | |||
| Revenue | 15.62 B | |||
| Gross Profit | 4.05 B | |||
| EBITDA | 3.52 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 | 12.31 X | |||
| Cash Flow From Operations | 3.21 B | |||
| Short Ratio | 2.31 X | |||
| Earnings Per Share | 3.66 X | |||
| Price To Earnings To Growth | 1.40 X | |||
| Target Price | 122.75 | |||
| Number Of Employees | 3.18 K | |||
| Beta | 2.22 | |||
| Market Capitalization | 25.38 B | |||
| Total Asset | 22.03 B | |||
| Retained Earnings | 492 M | |||
| Working Capital | (566.3 M) | |||
| Current Asset | 920 M | |||
| Current Liabilities | 881.6 M | |||
| Annual Yield | 0.03 % | |||
| Five Year Return | 7.20 % | |||
| Net Asset | 22.03 B | |||
| Last Dividend Paid | 2.0 |
About Targa Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Targa Resources's 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.
Please read more on our fundamental analysis page.
Targa Resources Investors Sentiment
The influence of Targa Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Targa. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Targa Resources' public news can be used to forecast risks associated with an investment in Targa. The trend in average sentiment can be used to explain how an investor holding Targa can time the market purely based on public headlines and social activities around Targa Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Targa Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Targa Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Targa Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Targa Resources.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Targa Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Targa Resources' short interest history, or implied volatility extrapolated from Targa Resources options trading.
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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 Targa Resources Piotroski F Score and Targa Resources Altman Z Score analysis. 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.
Quarterly Earnings Growth (0.11) | Dividend Share 2 | Earnings Share 3.66 | Revenue Per Share 71.506 | Quarterly Revenue Growth (0.07) |
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.