The stock of Plains GP Holdings LP (PAGP) has seen a -0.43% decrease in the past week, with a -2.12% drop in the past month, and a -6.09% decrease in the past quarter. The volatility ratio for the week is 1.40%, and the volatility levels for the past 30 days are at 1.66% for PAGP. The simple moving average for the last 20 days is -1.45% for PAGP’s stock, with a simple moving average of 2.17% for the last 200 days.
Is It Worth Investing in Plains GP Holdings LP (NASDAQ: PAGP) Right Now?
The price-to-earnings ratio for Plains GP Holdings LP (NASDAQ: PAGP) is 22.44x, which is above its average ratio. Moreover, the 36-month beta value for PAGP is 1.51. Analysts have varying opinions 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 4.69% of that float. On October 16, 2024, PAGP’s average trading volume was 1.33M shares.
PAGP) stock’s latest price update
The stock of Plains GP Holdings LP (NASDAQ: PAGP) has decreased by -1.49 when compared to last closing price of 18.78.Despite this, the company has seen a loss of -0.43% in its stock price over the last five trading days. zacks.com reported 2024-10-08 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 -1.19% 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 -7.96% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares sank -2.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.18% upper at present.
During the last 5 trading sessions, PAGP fell by -0.43%, which changed the moving average for the period of 200-days by +16.28% in comparison to the 20-day moving average, which settled at $18.77. In addition, Plains GP Holdings LP saw 15.99% in overturn over a single year, with a tendency to cut further gains.
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 wrap up, the performance of Plains GP Holdings LP (PAGP) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
