Plains GP Holdings LP [PAGP] stock prices are up 1.08% to $17.74 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PAGP shares have gain 1.84% over the last week, with a monthly amount glided 5.09%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 9, February 2024, Plains All American Reports Fourth-Quarter and Full-Year 2023 Results; Announces 2024 Guidance. In a post published today on Yahoo Finance, Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported fourth-quarter and full-year 2023 results, announced 2024 guidance and provided the following highlights:.
From an analyst’s perspective:
Previously, Barclays downgraded its rating to Underweight on September 25, 2023, and kept the price target unchanged to $15. On September 06, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $15.50 on the stock. Raymond James upgraded its rating to a Strong Buy and increased its price target to $17 on April 21, 2023. Citigroup initiated its recommendation with a Buy and recommended $14 as its price target on December 09, 2022. JP Morgan downgraded its rating to Neutral for this stock on November 21, 2022, and downed its price target to $14. In a note dated August 15, 2022, Stifel upgraded an Buy rating on this stock but restated the target price of $16.
The stock price of Plains GP Holdings LP [PAGP] has been fluctuating between $11.86 and $17.62 over the past year. Currently, Wall Street analysts expect the stock to reach $15.06 within the next 12 months. Plains GP Holdings LP [NASDAQ: PAGP] shares were valued at $17.74 at the most recent close of the market. An investor can expect a potential drop of -15.11% based on the average PAGP price forecast.
Analyzing the PAGP fundamentals
The Plains GP Holdings LP [NASDAQ:PAGP] reported sales of 48.70B for trailing twelve months, representing a drop of -2.28%. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.01.
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 17.57 points at the first support level, and at 17.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.83, and for the 2nd resistance point, it is at 17.93.
Plains GP Holdings LP [PAGP] reported earnings per share of $0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.35/share, meaning a difference of -$0.08 and a surprise factor of -22.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.15 per share as compared to estimates of $0.27 per share, a difference of -$0.12 representing a surprise of -44.40%.
Ratios To Look Out For
It’s worth pointing out that Plains GP Holdings LP [NASDAQ:PAGP]’s Current Ratio is 0.98. Also, the Quick Ratio is 0.87, while the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 0.07, the price to book ratio is 2.25 and price to earnings (TTM) ratio is 17.48.
Transactions by insiders
Recent insider trading involved Chiang Willie CW, Chairman & CEO, that happened on Sep 28 ’23 when 62000.0 shares were purchased. Chairman & CEO, Chiang Willie CW completed a deal on May 08 ’23 to buy 75000.0 shares.
