Plains GP Holdings LP (NASDAQ: PAGP)’s stock price has plunge by -1.91relation to previous closing price of 18.80. Nevertheless, the company has seen a -4.41% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-21 that My favorite sector has performed extremely well in recent years. However, despite the incredible run it has been on, I think now is the best time yet to buy it. I share why and some of my top picks of the moment in the sector.
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 21.85x compared to its average ratio, The 36-month beta value for PAGP is at 1.55. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for PAGP is 191.95M, and currently, shorts hold a 3.45% of that float. The average trading volume for PAGP on December 18, 2024 was 1.43M shares.
PAGP’s Market Performance
The stock of Plains GP Holdings LP (PAGP) has seen a -4.41% decrease in the past week, with a -0.38% drop in the past month, and a -2.64% fall in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are at 1.98% for PAGP. The simple moving average for the last 20 days is -4.33% for PAGP stock, with a simple moving average of -0.73% for the last 200 days.
Analysts’ Opinion of PAGP
Morgan Stanley, on the other hand, stated in their research note that they expect to see PAGP reach a price target of $19, previously predicting the price at $22. The rating they have provided for PAGP stocks is “Equal-Weight” according to the report published on October 25th, 2024.
Scotiabank gave a rating of “Sector Outperform” to PAGP, setting the target price at $23 in the report published on April 08th of the current year.
PAGP Trading at -1.07% 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 -8.26% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares sank -0.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.40% lower at present.
During the last 5 trading sessions, PAGP fell by -4.07%, which changed the moving average for the period of 200-days by +6.90% in comparison to the 20-day moving average, which settled at $19.28. In addition, Plains GP Holdings LP saw 15.61% 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 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 4.48.
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
In conclusion, Plains GP Holdings LP (PAGP) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
