Plains GP Holdings L.P. (NASDAQ: PAGP)’s stock price has increased by 0.93 compared to its previous closing price of 12.90. but the company has seen a -5.10% decline in its stock price over the last five trading sessions.
Is It Worth Investing in Plains GP Holdings L.P. (NASDAQ: PAGP) Right Now?
Plains GP Holdings L.P. (NASDAQ: PAGP) has a higher price-to-earnings ratio of 15.03x compared to its average ratio,, and the 36-month beta value for PAGP is at 1.60.
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The public float for PAGP is 189.29M, and currently, shorts hold a 4.57% of that float. The average trading volume for PAGP on March 15, 2023 was 2.67M shares.
PAGP’s Market Performance
PAGP stock saw a decrease of -5.10% in the past week, with a monthly decline of -2.69% and a quarterly a decrease of 8.50%. The volatility ratio for the week is 2.93%, and the volatility levels for the last 30 days are 2.14% for Plains GP Holdings L.P. (PAGP). The simple moving average for the last 20 days is -4.56% for PAGP stock, with a simple moving average of 6.80% for the last 200 days.
Analysts’ Opinion of PAGP
Many brokerage firms have already submitted their reports for PAGP stocks, with Citigroup repeating the rating for PAGP by listing it as a “Buy.” The predicted price for PAGP in the upcoming period, according to Citigroup is $14 based on the research report published on December 09th of the previous year 2022.
JP Morgan, on the other hand, stated in their research note that they expect to see PAGP reach a price target of $14, previously predicting the price at $15. The rating they have provided for PAGP stocks is “Neutral” according to the report published on November 21st, 2022.
Stifel gave a rating of “Buy” to PAGP, setting the target price at $16 in the report published on August 15th of the previous year.
PAGP Trading at -1.51% from the 50-Day Moving Average
After a stumble in the market that brought PAGP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.12% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares sank -2.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.08% upper at present.
During the last 5 trading sessions, PAGP fell by -5.10%, which changed the moving average for the period of 200-days by +10.71% in comparison to the 20-day moving average, which settled at $13.62. In addition, Plains GP Holdings L.P. saw 4.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PAGP starting from DeSanctis Ellen, who purchase 10,000 shares at the price of $11.98 back on Aug 19. After this action, DeSanctis Ellen now owns 10,000 shares of Plains GP Holdings L.P., valued at $119,803 using the latest closing price.
Stock Fundamentals for PAGP
Current profitability levels for the company are sitting at:
- +2.30 for the present operating margin
- +2.88 for the gross margin
The net margin for Plains GP Holdings L.P. stands at +0.29. Equity return is now at value 11.00, with 0.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
In conclusion, Plains GP Holdings L.P. (PAGP) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
