NYSE:PAGP

Plains GP - PAGP Stock Forecast, Price & News

$10.55

+0.10 (+0.96%)

(As of 09/27/2022 12:00 AM ET)

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Today's Range: $10.46
▼
$10.81
50-Day Range: $10.45
▼
$12.90
52-Week Range: $9.24
▼
$13.02

Volume: 2.87 million shs
Average Volume: 2.97 million shs
Market Capitalization: $2.05 billion

P/E Ratio: 18.19
Dividend Yield: 8.33%
Price Target: $14.50

Plains GP MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.64 Rating Score
Upside/Downside: 37.4% Upside
$14.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$119,800 Bought Last Quarter
Proj. Earnings Growth: 2.27%
From $0.88 to $0.90 Per Share

Overall MarketRank^™

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

2.94 out of 5 stars

Oils/Energy Sector

24th out of 257 stocks

Pipelines, Except Natural Gas Industry

2nd out of 15 stocks

4.3

Analyst's Opinion

Consensus Rating
Plains GP has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.50, Plains GP has a forecasted upside of 37.4% from its current price of $10.55.
Amount of Analyst Coverage
Plains GP has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for PAGP.

1.7

Dividend Strength

Dividend Leadership
Plains GP is a leading dividend payer. It pays a dividend yield of 8.33%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Plains GP does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Plains GP is 150.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Plains GP will have a dividend payout ratio of 96.67% in the coming year. This indicates that Plains GP may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PAGP.

0.6

News and Social Media Coverage

Search Interest
Only 10 people have searched for PAGP on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.
MarketBeat Follows
6 people have added Plains GP to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Plains GP insiders have bought more of their company's stock than they have sold. Specifically, they have bought $119,800.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 9.62% of the stock of Plains GP is held by insiders.
Percentage Held by Institutions
82.51% of the stock of Plains GP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Plains GP are expected to grow by 2.27% in the coming year, from $0.88 to $0.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Plains GP is 18.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Plains GP is 18.19, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.00.
Price to Book Value per Share Ratio
Plains GP has a P/B Ratio of 0.14. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Plains GP (NYSE:PAGP) Stock

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.

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PAGP Stock News Headlines

August 24, 2022 | nasdaq.com

First Week of October 21st Options Trading For Plains GP Holdings LP

August 16, 2022 | seekingalpha.com

Plains, Plains GP upped to Buy at Stifel on improving balance sheet

August 3, 2022 | finance.yahoo.com

Plains All American Reports Second-Quarter 2022 Results

August 1, 2022 | markets.businessinsider.com

What 5 Analyst Ratings Have To Say About Plains GP Holdings

July 20, 2022 | finance.yahoo.com

Does Plains GP (PAGP) Have the Potential to Rally 34% as Wall Street Analysts Expect?

July 19, 2022 | investing.com

BofA Upgrades Plains All American Pipeline on Rising U.S. Oil Exports

July 5, 2022 | morningstar.com

Plains GP Holdings LP Class A - Stock Financials PAGP

June 3, 2022 | nasdaq.com

Plains GP Holdings LP - Class A Shares Close in on 52-Week High - Market Mover

May 29, 2022 | theglobeandmail.com

Instrument Name Plains Gp Holdings LP Instrument Symbol (PAGP-Q)

May 4, 2022 | seekingalpha.com

Plains GP Holdings Q1 2022 Earnings Preview

April 28, 2022 | markets.businessinsider.com

Analyst Ratings for Plains GP Holdings

April 27, 2022 | seekingalpha.com

Plains GP Holdings goes ex dividend tomorrow

April 21, 2022 | finance.yahoo.com

Atura Power and Plains All American Sign MOU for Underground Hydrogen Storage Feasibility

April 21, 2022 | nasdaq.com

Interesting PAGP Put And Call Options For June 17th

April 16, 2022 | morningstar.com

Plains GP Holdings LP Class A PAGP

April 6, 2022 | seekingalpha.com

Plains All American Pipeline, Plains GP Holdings boost distributions

March 15, 2022 | nasdaq.com

Plains GP Holdings Breaks Below 200-Day Moving Average - Notable for PAGP

March 11, 2022 | finance.yahoo.com

How Much Upside is Left in Plains GP (PAGP)? Wall Street Analysts Think 38%

February 14, 2022 | finance.yahoo.com

How Much Upside is Left in Plains GP (PAGP)? Wall Street Analysts Think 41%

February 11, 2022 | markets.businessinsider.com

Where Plains GP Holdings Stands With Analysts

February 11, 2022 | finance.yahoo.com

3 Reasons Why Plains GP (PAGP) Is a Great Growth Stock

February 10, 2022 | finance.yahoo.com

Despite Fast-paced Momentum, Plains GP (PAGP) Is Still a Bargain Stock

February 10, 2022 | finance.yahoo.com

Best Momentum Stocks to Buy for February 10th

February 9, 2022 | theglobeandmail.com

Plains All American Reports Fourth-Quarter and Full-Year 2021 Results

February 8, 2022 | seekingalpha.com

Plains GP Holdings Q4 2021 Earnings Preview

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PAGP Company Calendar

Ex-Dividend for 8/12 Dividend: 7/28/2022
Last Earnings: 8/03/2022
Dividend Payable: 8/12/2022
Today: 9/28/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Pipelines, except natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:PAGP
CUSIP: N/A
CIK: 1581990
Web: www.plainsallamerican.com
Phone: (703) 646-4100
Fax: 713-646-4572
Employees: 4,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $14.50
High Stock Price Forecast: $18.00
Low Stock Price Forecast: $12.00
Forecasted Upside/Downside: +37.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.64
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.58
Trailing P/E Ratio: 18.19
Forward P/E Ratio: 11.99
P/E Growth: N/A
Net Income: $60 million
Net Margins: 0.21%
Pretax Margin: 1.92%
Return on Equity: 0.85%
Return on Assets: 0.38%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 0.97
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $42.04 billion
Price / Sales: 0.05
Cash Flow: $4.14 per share
Price / Cash Flow: 2.55
Book Value: $73.00 per share
Price / Book: 0.14

Miscellaneous

Outstanding Shares: 194,228,000
Free Float: 175,543,000
Market Cap: $2.05 billion
Optionable: Optionable
Beta: 1.65

Key Executives

Mr. Wilfred C.W. Chiang (Age 61)
Chairman & CEO of PAA GP Holdings LLC
Comp: $2.34M

Mr. Harry N. Pefanis (Age 65)
Pres & Director of PAA GP Holdings LLC
Comp: $1.57M

Mr. Al P. Swanson (Age 58)
Exec. VP & CFO of PAA GP Holdings LLC
Comp: $1.4M

Mr. Chris R. Chandler (Age 50)
Exec. VP & COO of PAA GP Holdings LLC
Comp: $1.43M

Mr. Richard Kelly McGee (Age 61)
Exec. VP, Gen. Counsel & Sec. of PAA GP Holdings LLC
Comp: $1.47M

Mr. Jeremy L. Goebel (Age 44)
Exec. VP & Chief Commercial Officer of PAA GP Holdings LLC
Comp: $1.59M

Mr. Chris Herbold (Age 50)
Sr. VP & Chief Accounting Officer of PAA GP Holdings LLC

Mr. Roy I. Lamoreaux
VP, Investor Relations & Communications

Mr. Brad Leone
Director of Communications for PAA GP Holdings LLC

Ms. Sharon S. Spurlin (Age 56)
Sr. VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PAGP Stock - Frequently Asked Questions

Should I buy or sell Plains GP stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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 2022?: 11 brokers have issued 1-year price objectives for Plains GP's stock. Their PAGP share price forecasts range from $12.00 to $18.00. On average, they anticipate the company's share price to reach $14.50 in the next twelve months. This suggests a possible upside of 37.4% 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 2022?: Plains GP's stock was trading at $10.14 on January 1st, 2022. Since then, PAGP shares have increased by 4.0% and is now trading at $10.55.
View the best growth stocks for 2022 here.
When is Plains GP's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our PAGP earnings forecast.
How were Plains GP's earnings last quarter?: Plains GP Holdings, L.P. (NYSE:PAGP) announced its earnings results on Wednesday, August, 3rd. The pipeline company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.03. The pipeline company had revenue of $16.36 billion for the quarter, compared to analyst estimates of $13.55 billion. Plains GP had a net margin of 0.21% and a trailing twelve-month return on equity of 0.85%.
How often does Plains GP pay dividends? What is the dividend yield for Plains GP?: Plains GP announced a quarterly dividend on Monday, July 11th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.2175 per share on Friday, August 12th. This represents a $0.87 annualized dividend and a yield of 8.25%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for PAGP.

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 8.33%. PAGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 150.00%. 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 96.67% 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 shareholders include Tortoise Capital Advisors L.L.C. (7.33%), Massachusetts Financial Services Co. MA (6.30%), Goldman Sachs Group Inc. (5.71%), Chickasaw Capital Management LLC (4.54%), Clearbridge Investments LLC (4.14%) and RR Advisors LLC (2.18%). Insiders that own company stock include Ellen Desanctis, Everardo Goyanes, Greg L Armstrong, Harry N Pefanis, Robert V Sinnott, 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 $10.55.
How much money does Plains GP make?: Plains GP (NYSE:PAGP) has a market capitalization of $2.05 billion and generates $42.04 billion in revenue each year. The pipeline company earns $60 million in net income (profit) each year or $0.58 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 9/28/2022 by MarketBeat.com Staff

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Plains GP - PAGP Stock Forecast, Price & News

Plains GP MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Plains GP (NYSE:PAGP) Stock

PAGP Stock News Headlines

PAGP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PAGP Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™