Plains GP Holdings LP (NASDAQ: PAGP) has seen a decline in its stock price by -0.84 in relation to its previous close of 18.97. However, the company has experienced a 2.40% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-14 that My ideal stock has four specific qualities. There is one sector where these qualities still exist in abundance. I share some of the most attractive opportunities in the space and why this opportunity may not last much longer.
Is It Worth Investing in Plains GP Holdings LP (NASDAQ: PAGP) Right Now?
Plains GP Holdings LP (NASDAQ: PAGP) has a higher price-to-earnings ratio of 22.82x compared to its average ratio. PAGP has 36-month beta value of 1.51. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for PAGP is 191.76M, and currently, short sellers hold a 4.68% ratio of that float. The average trading volume of PAGP on September 19, 2024 was 1.37M shares.
PAGP’s Market Performance
PAGP stock saw a decrease of 2.40% in the past week, with a monthly decline of -0.63% and a quarterly a decrease of 6.03%. The volatility ratio for the week is 1.51%, and the volatility levels for the last 30 days are 1.76% for Plains GP Holdings LP (PAGP). The simple moving average for the past 20 days is 0.13% for PAGP’s stock, with a 5.68% simple moving average for the past 200 days.
Analysts’ Opinion of PAGP
Many brokerage firms have already submitted their reports for PAGP stocks, with Scotiabank repeating the rating for PAGP by listing it as a “Sector Outperform.” The predicted price for PAGP in the upcoming period, according to Scotiabank is $23 based on the research report published on April 08, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see PAGP reach a price target of $13.50. The rating they have provided for PAGP stocks is “Sell” according to the report published on October 06th, 2023.
Barclays gave a rating of “Underweight” to PAGP, setting the target price at $15 in the report published on September 25th of the previous year.
PAGP Trading at -0.77% 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 -6.42% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +0.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.27% lower at present.
During the last 5 trading sessions, PAGP rose by +2.40%, which changed the moving average for the period of 200-days by +16.40% in comparison to the 20-day moving average, which settled at $18.79. In addition, Plains GP Holdings LP saw 17.93% 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 Chiang Willie CW, who purchase 62,000 shares at the price of $16.24 back on Sep 28 ’23. After this action, Chiang Willie CW now owns 318,704 shares of Plains GP Holdings LP, valued at $1,006,694 using the latest closing price.
Stock Fundamentals for PAGP
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.05 for the gross margin
The net margin for Plains GP Holdings LP stands at 0.01. The total capital return value is set at 0.07. Equity return is now at value 10.60, with 0.57 for asset returns.
Based on Plains GP Holdings LP (PAGP), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 5.35. The interest coverage ratio of the stock is 4.19.
Currently, EBITDA for the company is 2.43 billion with net debt to EBITDA at 3.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.23. The receivables turnover for the company is 11.85for trailing twelve months and the total asset turnover is 1.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
To put it simply, Plains GP Holdings LP (PAGP) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
