The stock of Plains GP Holdings LP (PAGP) has gone down by -3.24% for the week, with a -1.94% drop in the past month and a -2.72% drop in the past quarter. The volatility ratio for the week is 2.57%, and the volatility levels for the past 30 days are 1.80% for PAGP. The simple moving average for the past 20 days is 1.06% for PAGP’s stock, with a -0.45% simple moving average for the past 200 days.
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 21.58x compared to its average ratio. PAGP has 36-month beta value of 1.53. 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 3.73% ratio of that float. The average trading volume of PAGP on November 15, 2024 was 1.42M shares.
PAGP) stock’s latest price update
The stock of Plains GP Holdings LP (NASDAQ: PAGP) has increased by 1.39 when compared to last closing price of 17.96. Despite this, the company has experienced a -3.24% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Plains GP Holdings, L.P. Class A Shares (NASDAQ:PAGP ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Blake Fernandez – Vice President, Investor Relations Willie Chiang – Chairman and Chief Executive Officer Al Swanson – Executive Vice President and Chief Financial Officer Jeremy Goebel – Executive Vice President and Chief Commercial Officer Chris Chandler – Executive Vice President and Chief Operating Officer Conference Call Participants Michael Blum – Wells Fargo Spiro Dounis – Citi Jeremy Tonet – JPMorgan Securities Neel Mitra – Bank of America AJ O’Donnell – TPH Manav Gupta – UBS John Mackay – Goldman Sachs Neal Dingmann – Truist Securities Operator Hello, and welcome to PAA and PAGP Third Quarter 2024 Earnings Call.
Analysts’ Opinion of PAGP
Many brokerage firms have already submitted their reports for PAGP stocks, with Morgan Stanley repeating the rating for PAGP by listing it as a “Equal-Weight.” The predicted price for PAGP in the upcoming period, according to Morgan Stanley is $19 based on the research report published on October 25, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see PAGP reach a price target of $23. The rating they have provided for PAGP stocks is “Sector Outperform” according to the report published on April 08th, 2024.
Goldman gave a rating of “Sell” to PAGP, setting the target price at $13.50 in the report published on October 06th of the previous year.
PAGP Trading at -1.23% 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 -9.40% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares sank -1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.50% lower at present.
During the last 5 trading sessions, PAGP fell by -3.24%, which changed the moving average for the period of 200-days by +12.55% in comparison to the 20-day moving average, which settled at $18.02. In addition, Plains GP Holdings LP saw 14.17% 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
- 0.28 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 11.09, with 0.58 for asset returns.
Based on Plains GP Holdings LP (PAGP), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 8.97.
Currently, EBITDA for the company is 3.05 billion with net debt to EBITDA at 2.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.22. The receivables turnover for the company is 12.79for trailing twelve months and the total asset turnover is 1.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
To put it simply, Plains GP Holdings LP (PAGP) has had a mixed 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
