Shares of Plains GP Holdings LP (NYSE:PAGP) have earned a consensus rating of “Buy” from the twenty research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $28.57.
Several research firms recently commented on PAGP. Zacks Investment Research cut shares of Plains GP from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. TheStreet raised shares of Plains GP from a “c” rating to a “b-” rating in a research report on Friday, April 5th. Finally, ValuEngine raised shares of Plains GP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 15th.
PAGP traded down $0.21 during trading on Monday, hitting $24.23. The company had a trading volume of 1,751,303 shares, compared to its average volume of 1,816,324. The stock has a market capitalization of $3.90 billion, a P/E ratio of 11.48 and a beta of 1.14. Plains GP has a one year low of $19.17 and a one year high of $27.00. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 0.68.
Plains GP (NYSE:PAGP) last posted its quarterly earnings data on Tuesday, May 7th. The pipeline company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.43 by $0.49. The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $10.54 billion. Plains GP had a net margin of 1.31% and a return on equity of 3.41%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. On average, equities research analysts predict that Plains GP will post 2.04 EPS for the current fiscal year.
In other news, insider Emg Investment, Llc sold 7,328,291 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $23.10, for a total transaction of $169,283,522.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Everardo Goyanes sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $24.60, for a total transaction of $492,000.00. Following the transaction, the director now owns 32,305 shares in the company, valued at $794,703. The disclosure for this sale can be found here. 16.31% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in PAGP. Captrust Financial Advisors acquired a new position in shares of Plains GP during the 4th quarter worth about $53,000. Squar Milner Financial Services LLC acquired a new position in shares of Plains GP during the 1st quarter worth about $85,000. Cresset Asset Management LLC acquired a new position in shares of Plains GP during the 1st quarter worth about $92,000. Daiwa Securities Group Inc. increased its stake in shares of Plains GP by 550.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,200 shares of the pipeline company’s stock worth $105,000 after purchasing an additional 4,400 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Plains GP during the 1st quarter worth about $145,000. Institutional investors own 88.76% of the company’s stock.
About Plains GP
Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, trucks, and barges.
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