At the time of writing, Plains GP Holdings LP [PAGP] stock is trading at $19.30, up 1.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The PAGP shares have gain 5.75% over the last week, with a monthly amount glided 10.86%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of First-Quarter 2024 Earnings. In a post published today on Yahoo Finance, Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the first quarter of 2024 and also announced timing of first quarter 2024 earnings.
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.
For the past year, the stock price of Plains GP Holdings LP fluctuated between $12.59 and $19.21. 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 $19.30 at the most recent close of the market. An investor can expect a potential drop of -21.97% based on the average PAGP price forecast.
Analyzing the PAGP fundamentals
According to Plains GP Holdings LP [NASDAQ:PAGP], the company’s sales were 48.70B for trailing twelve months, which represents an -2.28% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.01.
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 19.08 points at the first support level, and at 18.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.42, and for the 2nd resistance point, it is at 19.54.
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 is important to note that Plains GP Holdings LP [NASDAQ:PAGP] has a current ratio of 0.98. On the other hand, the Quick Ratio is 0.87, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.08, the price to book ratio is 2.45 and price to earnings (TTM) ratio is 19.01.
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.
