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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:PAGP

Plains GP Stock Forecast, Price & News

$10.27
+0.28 (+2.80%)
(As of 06/24/2022 04:00 PM ET)
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Today's Range
$10.06
$10.38
50-Day Range
$9.99
$12.61
52-Week Range
$9.24
$12.84
Volume
2.42 million shs
Average Volume
2.42 million shs
Market Capitalization
$1.99 billion
P/E Ratio
146.71
Dividend Yield
8.47%
Price Target
$13.56
30 days | 90 days | 365 days | Advanced Chart

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PAGP Stock Forecast (MarketRank)

Overall MarketRank

2.77 out of 5 stars

Oils/Energy Sector

50th out of 376 stocks

Pipelines, Except Natural Gas Industry

4th out of 19 stocks

Analyst Opinion: 3.3Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
Plains GP logo

About Plains GP (NYSE:PAGP)

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the transportation of crude oil and NGLs on pipelines, gathering systems, and trucks. As of December 31, 2021, this segment owned and leased assets comprising 18,300 miles of crude oil and NGL pipelines and gathering systems; 38 million barrels of above-ground tank capacity; and 1,275 trailers. It engages in the provision of storage, terminalling, and throughput services primarily for crude oil, NGLs, and natural gas; NGL fractionation and isomerization services; and natural gas and condensate processing services. As of December 31, 2021, this segment owned and operated approximately 74 million barrels of crude oil storage capacity; 28 million barrels of NGL storage capacity; four natural gas processing plants; a condensate processing facility; nine fractionation plants; 16 NGL rail terminals; four marine facilities; and 110 miles of pipelines. As of December 31, 2021, this segment owned 15 million barrels of crude oil and 2 NGL linefill; 3 million barrels of crude oil and 1 NGL linefill in pipelines owned by third parties and other inventory; 640 trucks and 1,275 trailers; and 3,900 NGL railcars. The company offers logistics services to producers, refiners, and other customers. PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was incorporated in 2013 and is headquartered in Houston, Texas.

PAGP Stock News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 5/13 Dividend
4/28/2022
Last Earnings
5/04/2022
Dividend Payable
5/13/2022
Today
6/26/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$13.56
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+32.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.6
Research Coverage
10 Analysts

Profitability

Net Income
$60 million
Pretax Margin
1.08%

Debt

Sales & Book Value

Annual Sales
$42.04 billion
Cash Flow
$4.32 per share
Book Value
$73.00 per share

Miscellaneous

Free Float
175,543,000
Market Cap
$1.99 billion
Optionable
Optionable
Beta
1.75














Plains GP Frequently Asked Questions

Should I buy or sell Plains GP stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Plains GP stock.
View analyst ratings for Plains GP
or view top-rated stocks.

What is Plains GP's stock price forecast for 2022?

10 brokers have issued 1 year price objectives for Plains GP's shares. Their PAGP stock forecasts range from $11.00 to $15.00. On average, they predict Plains GP's share price to reach $13.56 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price.
View analysts' price targets for Plains GP
or view top-rated stocks among Wall Street analysts.

How has Plains GP's stock price performed in 2022?

Plains GP's stock was trading at $10.14 at the beginning of 2022. Since then, PAGP shares have increased by 1.3% and is now trading at $10.27.
View the best growth stocks for 2022 here
.

When is Plains GP's next earnings date?

Plains GP is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Plains GP
.

How were Plains GP's earnings last quarter?

Plains GP Holdings, L.P. (NYSE:PAGP) posted its earnings results on Wednesday, May, 4th. The pipeline company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.42 by $0.31. The pipeline company earned $13.69 billion during the quarter, compared to analysts' expectations of $12.13 billion. Plains GP had a trailing twelve-month return on equity of 0.10% and a net margin of 0.03%.
View Plains GP's earnings history
.

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

Plains GP announced a quarterly dividend on Thursday, April 7th. Shareholders of record on Friday, April 29th will be paid a dividend of $0.2175 per share on Friday, May 13th. This represents a $0.87 annualized dividend and a dividend yield of 8.47%. The ex-dividend date of this dividend is Thursday, April 28th. This is an increase from Plains GP's previous quarterly dividend of $0.18.
View Plains GP's dividend history
.

Is Plains GP a good dividend stock?

Plains GP(NYSE:PAGP) pays an annual dividend of $0.87 per share and currently has a dividend yield of 8.47%. PAGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Plains GP is 1,242.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Plains GP will have a dividend payout ratio of 74.36% next year. This indicates that Plains GP will be able to sustain or increase its dividend.
View Plains GP's dividend history.

Who are Plains GP's key executives?

Plains GP's management team includes the following people:
  • Mr. Wilfred C.W. Chiang, Chairman & CEO of PAA GP Holdings LLC (Age 61, Pay $2.34M)
  • Mr. Harry N. Pefanis, Pres & Director of PAA GP Holdings LLC (Age 65, Pay $1.57M)
  • Mr. Al P. Swanson, Exec. VP & CFO of PAA GP Holdings LLC (Age 58, Pay $1.4M)
  • Mr. Chris R. Chandler, Exec. VP & COO of PAA GP Holdings LLC (Age 50, Pay $1.43M)
  • Mr. Richard Kelly McGee, Exec. VP, Gen. Counsel & Sec. of PAA GP Holdings LLC (Age 61, Pay $1.47M)
  • Mr. Jeremy L. Goebel, Exec. VP & Chief Commercial Officer of PAA GP Holdings LLC (Age 44, Pay $1.59M)
  • Mr. Chris Herbold, Sr. VP & Chief Accounting Officer of PAA GP Holdings LLC (Age 50)
  • Mr. Roy I. Lamoreaux, VP, Investor Relations & Communications
  • Mr. Brad Leone, Director of Communications for PAA GP Holdings LLC
  • Ms. Sharon S. Spurlin, Sr. VP & Treasurer (Age 56)

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 shareholders include Massachusetts Financial Services Co. MA (6.29%), Goldman Sachs Group Inc. (5.84%), Chickasaw Capital Management LLC (4.72%), Clearbridge Investments LLC (3.03%), CI Investments Inc. (2.23%) and RR Advisors LLC (2.08%). Company insiders that own Plains GP stock include Everardo Goyanes, Greg L Armstrong, Harry N Pefanis, Oxy Holding Co (Pipeline), Inc, Robert V Sinnott, Victor Burk and Willie Cw Chiang.
View institutional ownership trends for Plains GP
.

Which institutional investors are selling Plains GP stock?

PAGP stock was sold by a variety of institutional investors in the last quarter, including Blackstone Inc., CI Investments Inc., Mirae Asset Global Investments Co. Ltd., Mirae Asset Global Investments Co. Ltd., Massachusetts Financial Services Co. MA, Mackenzie Financial Corp, Citigroup Inc., and BNP Paribas Arbitrage SA.
View insider buying and selling activity for Plains GP
or view top insider-selling stocks.

Which institutional investors are buying Plains GP stock?

PAGP stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Jennison Associates LLC, Renaissance Technologies LLC, Victory Capital Management Inc., Allianz Asset Management GmbH, Assenagon Asset Management S.A., Miller Howard Investments Inc. NY, and UBS Group AG.
View insider buying and selling activity for Plains GP
or or view top insider-buying stocks.

How do I buy shares of Plains GP?

Shares of PAGP 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 $10.27.

How much money does Plains GP make?

Plains GP (NYSE:PAGP) has a market capitalization of $1.99 billion and generates $42.04 billion in revenue each year. The pipeline company earns $60 million in net income (profit) each year or $0.07 on an earnings per share basis.

How many employees does Plains GP have?

Plains GP 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 Plains GP is www.plainsallamerican.com. The pipeline company can be reached via phone at (703) 646-4100, via email at [email protected], or via fax at 713-646-4572.

This page (NYSE:PAGP) was last updated on 6/26/2022 by MarketBeat.com Staff

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