The Plains GP Holdings L.P. (NYSE:PAGP) is going up by 0.13% in today’s trading session, a rise equivalent to 0.03% of the stock’s price from yesterday’s market close. A news came out on 11/05/19 stating that Plains All American Pipeline, L.P. and Plains GP Holdings Report Third-Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $18.39, while the peak of the day was recorded at a share price of $19.44. PAGP finished the previous session at $18.60 according to the data provided by Barchart, while the trading volume was observed to be $1337782.
In the 100 days of trading, PAGP managed to top a 22.21% Moving average. Additionally, Plains GP Holdings L.P. shares have achieved a 52-week range between 18.27 and 25.82 alongside 100 days raw stochastic set at 4.93%.
The number of shares outstanding, according to the fundamentals of the company, is set at 258.77M, equal to the value of $4.81B in market capitalization. In the last 30 days, Plains GP Holdings L.P. shares went down by -8.75%, adding 20.34 to growth in value, on top of a +2.03% boost since 10/08/19.
Plains GP Holdings L.P. (NYSE:PAGP) Analyst’s Estimates
Plains GP Holdings L.P. (PAGP) could record at least $0.32 per share in quarterly earnings in the upcoming report on 02/04/2020, a number that would actually represent an increase of 1.67 YOY.
According to the average analyst rating, Plains GP Holdings L.P. would be rated as Buy. Out of 19 different analysts monitoring PAGP stock, 15 analysts rate the stock as a BUY, 3 suggest to give the rating of HOLD, 1 indicate that PAGP is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On June 13, 2019, the stock earned a Upgrade rating due to a new analyst call from Wolfe Research, while analysts from Goldman believe that the stock is set at Buy from Neutral, as concluded on January 03, 2019. Jefferies, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on December 20, 2018.
BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on September 11, 2018, giving the stock a Buy from the Neutral rating.
PAGP Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +6.94% has been attained, while the operating margin has been recorded at +5.99%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.25%. Beta value of the stock is recorded at 1.14. Additionally, Plains GP Holdings L.P. is recording price volatility of 3.97% for the period of the last seven days and 2.57% in the last 30 days.
Plains GP Holdings L.P. (NYSE:PAGP) Technical Outlook
For the period of the last 50 days, Plains GP Holdings L.P. had its Raw Stochastic average set at 7.16% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 17.33%. Stochastic %K for Plains GP Holdings L.P., with the last 20 days included, was set at 24.84%, having Stochastic %D topping 38.99%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Plains GP Holdings L.P. stocks with recording -7.46% in metrics.
Plains GP Holdings L.P. Insider Watch:
Similarly, 93.30% of the company’s float is held by institutions – and there are 378 institutions in total holding shares of this company. The top three institutional holders of PAGP stocks are: Tortoise Capital Advisors, LLC with ownership of $239.0 million, which is approximately 9611377 of the company’s shares; Chickasaw Capital Management, LLC, holding 9166357 shares of the stock with an approximate value of $194.0 million; and Kayne Anderson Capital Advisors, L.P., currently with more than 7223868 shares of the company valued at $153.0 million. Positions in Plains GP Holdings L.P. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 7 insider purchases amounting to 29999984 shares. Similarly, there were 4 sale transactions amounting to 29676582 shares, with the net shares purchased during the last six months reaching 323,402.