How have Plains GP Holdings L.P. (PAGP)’s performance and profitability changed over the time?

Currently, Plains GP Holdings L.P. [PAGP] is trading at $16.06, up 0.56%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PAGP shares have gain 3.21% over the last week, with a monthly amount glided 3.01%, and seem to be holding up well over a long-time horizon.

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On 4, August 2023, Plains All American Reports Second-Quarter 2023 Results and Provides Updated 2023 Guidance. In a post published today on Yahoo Finance, Announces Permian Bolt-On Acquisition and NGL Segment Updates.

From an analyst’s perspective:

Plains GP Holdings L.P. [NASDAQ: PAGP] stock has seen the most recent analyst activity on September 06, 2023, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $15.50 from $14.

This stock has fluctuated between a low of $10.45 and a high of $16.28 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $17.23 within the next 12 months. Plains GP Holdings L.P. [NASDAQ: PAGP] shares were valued at $16.06 at the most recent close of the market. An investor can expect a potential return of 7.29% based on the average PAGP price forecast.

Analyzing the PAGP fundamentals

Recent quarter sales for Plains GP Holdings L.P. [NASDAQ:PAGP] were 11.48 billion which represents -29.10% decline. A company’s income per employee is $40,976 while it generates $13,942,195 in revenue per employee. Gross Margin for this corporation currently stands at +2.88% with Operating Margin at +2.30%, Pretax Margin comes in at +2.46%, and Net Margin reading is +0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.57, Equity is 10.99, Total Capital is 5.56, and Invested Capital is 1.73. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 85.27 and enduring liabilities to the whole assets at 30.22.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.96 points at the first support level, and at 15.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.13, and for the 2nd resistance point, it is at 16.21.

Plains GP Holdings L.P. [PAGP] reported earnings per share of $0.25 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.19/share, meaning a difference of $0.06 and a surprise factor of 31.60%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.35 per share as compared to estimates of $0.56 per share, a difference of -$0.21 representing a surprise of -37.50%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Plains GP Holdings L.P. [NASDAQ:PAGP] is 1.00. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.04, the price to book ratio is 1.59 and the P/E (TTM) ratio is 13.44.

Transactions by insiders

Insider trading has also been a hot topic recently, with 16 insiders purchasing 139,350 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved Chiang Willie CW, Chairman & CEO, that happened on May 08 when 75000.0 shares were purchased.