Plains GP Holdings LP (NASDAQ: PAGP) Emerges As Guiding Light For Investors

Plains GP Holdings LP (NASDAQ:PAGP) currently has a daily average trading volume of 1.52M but it saw 2058233 shares traded in last market. With a market cap of 3.75B USD, the company’s current market price of $18.99 came falling about -0.58 while comparing to the previous closing price of $19.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.10 and as low as $14.71.

Taking a look at 20-day trading activity of Plains GP Holdings LP (PAGP) gives us an average price of $19.49, while its current price level is -5.52% below from 52-week high level whereas it is 29.10% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $18.69 while that of 200 days or SMA-200 reads an average of $17.37. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.13% during that period while stretching the period over a month that decreases to 1.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.15 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Scotiabank which resumed the stock as “Sector Outperform” in its note to investors issued on April 08, 2024, recommending a price target of $23 for it. Barclays issued its recommendations for the stock as it downgraded the price target for the stock is $15.

Year-to-date it is 19.06% up and over the past year, the stock is showing an upside performance of 22.91%.

Currently, Plains GP Holdings LP’s total number of outstanding shares is 196.42M. Company’s return on investment (ROI) stands at 1.88% and return on equity (ROE) at 11.17%. It has a price to earnings ratio (P/E ratio) of 21.76 while having a 10.50 of forward P/E ratio. Stock’s beta reads 1.52. Stock has a price to book (P/B) ratio of 2.47 while price to sale or P/S ratio amounts to 0.08. Its return on asset (ROA) is 0.60% on average.