Plains GP - PAGP Stock Forecast, Price & News

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.

Analyst Ratings Changes

A number of research firms have issued reports on PAGP. Wolfe Research lowered shares of Plains GP from an "outperform" rating to a "market perform" rating in a report on Monday, August 1st. Raymond James raised their target price on shares of Plains GP from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 20th. Credit Suisse Group raised shares of Plains GP from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $13.00 to $14.00 in a research note on Thursday, May 12th. Stifel Nicolaus upgraded Plains GP from a "hold" rating to a "buy" rating and raised their price objective for the stock from $14.00 to $16.00 in a report on Sunday. Finally, UBS Group lifted their price objective on Plains GP from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, August 4th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Plains GP currently has an average rating of "Moderate Buy" and a consensus target price of $14.50.

Plains GP Trading Up 1.2 %

NYSE:PAGP traded up $0.14 on Tuesday, hitting $11.83. 1,958,220 shares of the stock were exchanged, compared to its average volume of 3,029,371. The stock has a market cap of $2.30 billion, a PE ratio of 20.36 and a beta of 1.71. Plains GP has a fifty-two week low of $9.24 and a fifty-two week high of $12.84. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $10.88 and a 200-day moving average of $11.37.

Plains GP (NYSE:PAGP - Get Rating) last posted 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 business had revenue of $16.36 billion for the quarter, compared to analyst estimates of $13.55 billion. Plains GP had a return on equity of 0.85% and a net margin of 0.21%. As a group, equities analysts expect that Plains GP will post 0.88 earnings per share for the current fiscal year.

Plains GP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were given a dividend of $0.2175 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.87 dividend on an annualized basis and a yield of 7.35%. Plains GP's dividend payout ratio (DPR) is 150.00%.