The price-to-earnings ratio for Plains GP Holdings LP (NASDAQ: PAGP) is above average at 21.67x. The 36-month beta value for PAGP is also noteworthy at 1.55. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for PAGP is 191.95M, and at present, short sellers hold a 3.62% of that float. The average trading volume of PAGP on December 26, 2024 was 1.50M shares.
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PAGP) stock’s latest price update
Plains GP Holdings LP (NASDAQ: PAGP) has seen a decline in its stock price by -1.51 in relation to its previous close of 18.57. However, the company has experienced a 0.77% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-20 that The Federal Reserve’s announcement of fewer rate cuts has caused market panic, accelerating pullbacks in high-yield, high-growth stocks. However, I have found that high-yield, high-growth stocks are among the most rewarding investments. I share two high-yield, high-growth stocks that Mr. Market appears to be overlooking right now.
PAGP’s Market Performance
Plains GP Holdings LP (PAGP) has seen a 0.77% rise in stock performance for the week, with a -3.07% decline in the past month and a -0.97% plunge in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are at 2.31% for PAGP. The simple moving average for the past 20 days is -4.09% for PAGP’s stock, with a -1.64% simple moving average for the past 200 days.
Analysts’ Opinion of PAGP
Many brokerage firms have already submitted their reports for PAGP stocks, with Wells Fargo repeating the rating for PAGP by listing it as a “Equal Weight.” The predicted price for PAGP in the upcoming period, according to Wells Fargo is $20 based on the research report published on December 18, 2024 of the current year 2024.
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 -1.59% 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 -9.00% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares sank -3.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.81% lower at present.
During the last 5 trading sessions, PAGP rose by +1.10%, which changed the moving average for the period of 200-days by +5.34% in comparison to the 20-day moving average, which settled at $19.07. In addition, Plains GP Holdings LP saw 14.67% 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 summary, Plains GP Holdings LP (PAGP) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
