Plains GP Holdings L.P. (NYSE:PAGP) does about 2.94M shares in volume on a normal day but saw 3379189 shares change hands in Tuesday trading. The company now has a market cap of 1.36B USD. Its current market price is $7.23, marking a decrease of -2.56% compared to the previous close of $7.42. The 52 week high reached by this stock is $23.36 whilst the lowest price level in 52 weeks is $3.04. The script in recent trading has seen the stock touch a high of $7.50 and a low of $7.085.
Plains GP Holdings L.P. (PAGP) has a 20-day trading average at $8.04 and the current price is -69.05% off the 52-week high compared with 137.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.45 and its 200-day simple moving average is $11.98. If we look at the stock’s price movements over the week, volatility stands at 4.39%, which increases to 4.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 35.26 to suggest the stock is neutral.
15 analysts observing the Plains GP Holdings L.P. (PAGP) stock have set the 12-month price targets for the company’s shares at between $8.00 and $17.00. The median price target is 39.75% away from the current levels at $12.00.
FactSet Research has provided data showing that 15 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 1 advise that it is a overweight. 10 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 21, 2020 when BofA Securities upgraded the stock to “Buy” and issued a price target of. BofA/Merrill downgraded the stock to “Underperform” from Neutral on May 18, 2020 at a price target of. Credit Suisse downgraded its price target at $13-$8.
The current price level is -10.39%, -15.07%, and -39.94% away from its SMA20, SMA50, and SMA200 respectively, with the PAGP price moving above the 50-day SMA on August 25. Plains GP Holdings L.P. (PAGP) stock is down -5.49% over the week and -9.74% over the past month. Its price is -61.85% year-to-date and -65.98% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.09 below consensus estimates by -$0.14. The company’s next earnings report is expected on 11/03/2020, with forecasts estimating quarterly EPS at $0.28 and -$0.77 for whole year. PAGP’s earnings per share are forecast to shrink by -129.10% this year and 241.60% over next year. Expected sales for next quarter are $6.85 billion, which analysts say will come at $25.05 billion for the current fiscal year and next year at $23.87 billion. In addition, estimates put the company’s current quarterly revenue at an average of $5.96 billion.
Its 12-month price target is $12.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $8.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $17.00.
Outstanding shares total 184.00M with insiders holding 2.98% of the shares and institutional holders owning 85.41% of the company’s common stock. The company has a return on investment of 17.50% and return on equity of -24.70%. The forward price to earnings ratio is 6.63. The beta has a value of 2.19. Price to book ratio is 0.91 and price to sales ratio is 0.05.
According to a U.S. Securities and Exchange Commission filing, Tortoise MLP & Pipeline Fund has added its position in Plains GP Holdings L.P. (PAGP) to 10,128,773 shares, mirroring a recent increase by 17.72%. Tortoise MLP & Pipeline Fund added 1.52 million shares of Plains GP Holdings L.P. common stock bringing its total worth to about $80.42 million at the end of recent close, SEC documents show. Tortoise MLP & Pipeline Fund isn’t the only investment manager who changed stakes and is followed by First Trust North American Energy, which sold off 23604.0 shares to end up with 6,089,677 shares worth $48.35 million. MFS Mid Cap Value Fund cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 2.57% position in Plains GP Holdings L.P. thanks to 4.74 million shares amounting to $37.6 million.