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NYSE:PAGP

Plains GP (PAGP) Stock Forecast, Price & News

$14.57
+0.33 (+2.32%)
(As of 06/7/2023 ET)
Compare
Today's Range
$14.33
$14.66
50-Day Range
$12.81
$14.57
52-Week Range
$9.39
$14.65
Volume
1.95 million shs
Average Volume
2.70 million shs
Market Capitalization
$2.83 billion
P/E Ratio
13.25
Dividend Yield
7.34%
Price Target
$15.73

Plains GP MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
7.9% Upside
$15.73 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Plains GP in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$993,750 Bought Last Quarter
Proj. Earnings Growth
-39.73%
From $0.73 to $0.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Oils/Energy Sector

176th out of 242 stocks

Pipelines, Except Natural Gas Industry

7th out of 11 stocks


PAGP stock logo

About Plains GP (NYSE:PAGP) Stock

Plains GP Holdings LP owns and operates midstream energy infrastructure and provides logistics services primarily for crude oil, natural gas liquids and natural gas through its indirect investment in Plains All American Pipeline, L.P. The firm operates through the following segments: Transportation, Facilities and Supply and Logistics. The Transportation segment consists of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The Facilities segment consists of fee-based activities associated with providing storage, terminalling and throughput services primarily for crude oil, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. The Supply and Logistics segment consists of storage of inventory during contango market conditions and the seasonal storage of NGL, purchase of NGL from producers, refiners, processors and other marketers, extraction of NGL from gas processed at the facilities. The company was founded in July 2013 and is headquartered in Houston, TX.

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PAGP Stock News Headlines

Plains GP (NYSE:PAGP) Hits New 12-Month High at $14.42
Plains GP (NYSE:PAGP) Sets New 52-Week High at $14.42
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Plains GP (NYSE:PAGP) Sees Strong Trading Volume
This Company Is Solving A Multi-Billion Dollar Problem!
This Little Known NASDAQ Stock is Solving a Multi-Billion Dollar Problem!
Plains GP (PAGP) to Release Earnings on Friday
Analyst Expectations for Plains GP Holdings's Future
PAGP Crosses Critical Technical Indicator
See More Headlines

PAGP Price History

PAGP Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 5/15 Dividend
4/28/2023
Dividend Payable
5/15/2023
Today
6/07/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.73
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+7.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$168 million
Pretax Margin
3.02%

Debt

Sales & Book Value

Annual Sales
$57.34 billion
Cash Flow
$6.02 per share
Book Value
$75.34 per share

Miscellaneous

Free Float
175,706,000
Market Cap
$2.83 billion
Optionable
Optionable
Beta
1.63

Key Executives

  • Willie C. W. Chiang
    Chairman & Chief Executive Officer
  • Harry N. Pefanis
    President & Director
  • Chris R. Chandler
    Chief Operating Officer & Executive VP
  • Alan P. Swanson
    Chief Financial Officer & Executive Vice President
  • Richard K. McGee
    Secretary, Executive VP & General Counsel













PAGP Stock - Frequently Asked Questions

Should I buy or sell Plains GP stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last twelve months. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PAGP shares.
View PAGP analyst ratings
or view top-rated stocks.

What is Plains GP's stock price forecast for 2023?

12 analysts have issued twelve-month price targets for Plains GP's stock. Their PAGP share price forecasts range from $12.00 to $20.00. On average, they expect the company's share price to reach $15.73 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
View analysts price targets for PAGP
or view top-rated stocks among Wall Street analysts.

How have PAGP shares performed in 2023?

Plains GP's stock was trading at $12.44 at the start of the year. Since then, PAGP shares have increased by 17.1% and is now trading at $14.57.
View the best growth stocks for 2023 here
.

When is Plains GP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PAGP earnings forecast
.

How were Plains GP's earnings last quarter?

Plains GP Holdings, L.P. (NYSE:PAGP) released its quarterly earnings data on Tuesday, November, 2nd. The pipeline company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by $0.29. The pipeline company had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $9.28 billion. Plains GP had a net margin of 0.38% and a trailing twelve-month return on equity of 1.49%. During the same period in the prior year, the business posted $0.09 EPS.

How often does Plains GP pay dividends? What is the dividend yield for Plains GP?

Plains GP declared a quarterly dividend on Tuesday, April 11th. Shareholders of record on Monday, May 1st will be given a dividend of $0.2675 per share on Monday, May 15th. This represents a $1.07 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Friday, April 28th.
Read our dividend analysis for PAGP
.

Is Plains GP a good dividend stock?

Plains GP (NYSE:PAGP) pays an annual dividend of $1.07 per share and currently has a dividend yield of 7.56%. PAGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 97.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PAGP will have a dividend payout ratio of 243.18% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PAGP.

What other stocks do shareholders of Plains GP own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plains GP investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), New Residential Investment (NRZ), AT&T (T), Ford Motor (F), Johnson & Johnson (JNJ), Pfizer (PFE), AbbVie (ABBV), Enbridge (ENB) and ONEOK (OKE).

What is Plains GP's stock symbol?

Plains GP trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAGP."

Who are Plains GP's major shareholders?

Plains GP's stock is owned by a variety of retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (6.30%), Clearbridge Investments LLC (4.31%), Chickasaw Capital Management LLC (2.86%), RR Advisors LLC (2.79%), Kayne Anderson Capital Advisors LP (2.25%) and Two Sigma Advisers LP (1.72%). Insiders that own company stock include Ellen Desanctis, Victor Burk and Willie Cw Chiang.
View institutional ownership trends
.

How do I buy shares of Plains GP?

Shares of PAGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Plains GP's stock price today?

One share of PAGP stock can currently be purchased for approximately $14.57.

How much money does Plains GP make?

Plains GP (NYSE:PAGP) has a market capitalization of $2.83 billion and generates $57.34 billion in revenue each year. The pipeline company earns $168 million in net income (profit) each year or $1.10 on an earnings per share basis.

How many employees does Plains GP have?

The company employs 4,100 workers across the globe.

How can I contact Plains GP?

Plains GP's mailing address is 333 CLAY STREET SUITE 1600, HOUSTON TX, 77002. The official website for the company is www.plainsallamerican.com. The pipeline company can be reached via phone at (703) 646-4100, via email at investorrelations@paalp.com, or via fax at 713-646-4572.

This page (NYSE:PAGP) was last updated on 6/7/2023 by MarketBeat.com Staff

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