Why Plains GP Holdings L.P. [PAGP] Stock Will Fly to $17.00 Over the Next 12 Months

Plains GP Holdings L.P. [PAGP] stock is up 3.59 while the S&P 500 has risen 0.18% on Wednesday, 12/02/20. While at the time of this article, PAGP ATR is sitting at 0.46, with the beta value at 2.34. This stock’s volatility for the past week remained at 4.95%, while it was 5.62% for the past 30-day period. PAGP has risen $0.29 from the previous closing price of $8.08 on volume of 3.35 million shares.

On 1, December 2020, Plains All American Pipeline and Plains GP Holdings Announce Transfer of Stock Exchange Listings to Nasdaq. According to news published on Yahoo Finance, Ticker symbols to remain “PAA” and “PAGP”.

Analyst Birdseye View:

The most recent analyst activity for Plains GP Holdings L.P. [NYSE:PAGP] stock was on July 21, 2020, when it was Upgrade with a Buy rating from BofA Securities. On May 18, 2020, BofA/Merrill Downgrade an Underperform rating. On April 02, 2020, Credit Suisse Downgrade a Neutral rating and decreased its price target from $13 to $8. On March 24, 2020, Barclays Downgrade an Equal weight rating and increased its price target to $8. On March 12, 2020, Stifel Downgrade a Hold rating. On March 12, 2020, Raymond James Downgrade an Outperform rating and decreased its target amount on this stock from $25 to $14.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.04 and a peak of $19.79. Right now, the middling Wall Street analyst 12-month amount mark is $11.00. At the most recent market close, shares of Plains GP Holdings L.P. [NYSE:PAGP] were valued at $8.37. According to the average price forecast, investors can expect a potential return of -2.45%.

FUNDAMENTAL ANALYSIS

Plains GP Holdings L.P. [NYSE:PAGP] most recently reported quarterly sales of 5.87 billion, which represented growth of -26.00%. This publicly-traded organization’s revenue is $6,670,200 per employee, while its income is $66,200 per employee. This company’s Gross Margin is currently 12.30%, its Operating Margin is -8.20%, its Pretax Margin is +6.71, and its Net Margin is +0.99. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.17, 16.55, 7.10 and 2.91 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 82.52 and the whole liability to whole assets at 33.94. It shows enduring liability to the whole principal at 77.67 and enduring liability to assets at 0.32 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 8.05 points at 1st support level, the second support level is making up to 7.74. But as of 1st resistance point, this stock is sitting at 8.59 and at 8.82 for 2nd resistance point.

Plains GP Holdings L.P. [PAGP] reported its earnings at $0.09 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.25/share signifying the difference of -0.16 and -64.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.09 calling estimates for $0.22/share with the difference of -0.13 depicting the surprise of -59.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Plains GP Holdings L.P. [NYSE:PAGP] is 0.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.02. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.10 and it’s amount to book ratio is 1.60.

Insider Stories

The most recent insider trade was by RAYMOND JOHN T, Director, and it was the sale of 6.22 million shares on Nov 18. EMG Investment, LLC, the , completed a sale of 6.22 million shares on Nov 18. On Sep 16, Burk Victor, Director, completed a sale of 3004.0 shares.