Targa Resources Partners LP (Targa Resources Partners LP) GF Value Rank : 0 (As of May. 05, 2024)

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What is Targa Resources Partners LP GF Value Rank?

Targa Resources Partners LP has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Targa Resources Partners LP GF Value Rank Related Terms

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Targa Resources Partners LP (Targa Resources Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Partners LP (NYSE:NGLS) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

http://www.targaresources.com

Targa Resources Partners LP is a midstream natural gas company. It mainly operates, acquires and develop a diversified portfolio of complementary midstream energy assets. The company acts as a provider of midstream natural gas and NGL (Natural Gas Liquids) services as well as crude oil gathering and petroleum terminaling. The company's business activities include gathering, compressing, treating, processing and selling natural gas, storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG (Liquefied Petroleum Gas) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products. Targa divides its business into two segments Gathering and Processing, and Logistics and Transportation.

Executives

Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Chris Tong	director	600 E LAS COLINAS # 1100, IRVING TX 75019
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Laura C. Fulton	director	THREE RIVERWAY, SUITE 1350, HOUSTON TX 77056
Robert B Evans	director	100 COLLEGE STREET, MINDEN LA 71055
Michael A Heim	other: Vice Chairman of the Board	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Jeffrey J Mcparland	officer: See Remarks	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Paul W Chung	officer: EVP, Gen. Counsel & Secretary	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Barry R Pearl	director	P.O. BOX 2521, HOUSTON TX 77252-2521
James W Whalen	director, officer: Exec. Chairman of the Board	BETH SIBLEY, 1301 MCKINNEY STE 700, HOOOUSTON TX 77010
Joe Bob Perkins	director, officer: CEO	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Ruth Dreessen	director	6850 VERSAR CENTER, SPRINGFIELD VA 22151
John Robert Sparger	officer: Senior VP and CAO	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Matthew J Meloy	officer: Executive VP and CFO	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002

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