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NYSE:PAGP

Plains GP - PAGP Stock Forecast, Price & News

$13.38
-0.01 (-0.07%)
(As of 02/3/2023 05:06 PM ET)
Add
Compare
Today's Range
$13.35
$13.66
50-Day Range
$12.00
$13.54
52-Week Range
$9.39
$13.66
Volume
2.06 million shs
Average Volume
2.59 million shs
Market Capitalization
$2.60 billion
P/E Ratio
12.62
Dividend Yield
8.12%
Price Target
$14.58

Plains GP MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
10.2% Upside
$14.75 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of Plains GP in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.71%
From $1.05 to $1.11 Per Share

Overall MarketRank

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

2.17 out of 5 stars

Oils/Energy Sector

115th out of 241 stocks

Pipelines, Except Natural Gas Industry

5th 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

Mizuho Increases Plains GP (NYSE:PAGP) Price Target to $17.00
PAGP Plains GP Holdings, L.P.
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Better High-Yield Midstream Buy: Enbridge Or Plains?
Plains All American Announces Officer Appointments
Plains All American Announces Officer Appointments
Are Investors Undervaluing Plains Group (PAGP) Right Now?
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
What 5 Analyst Ratings Have To Say About Plains GP Holdings
Plains GP Holdings Q1 2022 Earnings Preview
Analyst Ratings for Plains GP Holdings
Plains GP Holdings goes ex dividend tomorrow
Plains GP Holdings LP Class A PAGP
See More Headlines
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PAGP Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 11/14 Dividend
10/28/2022
Dividend Payable
11/14/2022
Ex-Dividend for 2/14 Dividend
1/30/2023
Today
2/03/2023
Next Earnings (Estimated)
2/08/2023
Dividend Payable
2/14/2023
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
$14.75
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+9.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$60 million
Pretax Margin
2.91%

Debt

Sales & Book Value

Annual Sales
$42.04 billion
Cash Flow
$4.37 per share
Book Value
$73.00 per share

Miscellaneous

Free Float
175,596,000
Market Cap
$2.60 billion
Optionable
Optionable
Beta
1.64

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?

13 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 and 9 buy ratings 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?

13 Wall Street research analysts have issued twelve-month target prices for Plains GP's shares. Their PAGP share price forecasts range from $12.00 to $18.00. On average, they predict the company's share price to reach $14.75 in the next twelve months. This suggests a possible upside of 10.2% 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 beginning of 2023. Since then, PAGP stock has increased by 7.6% and is now trading at $13.38.
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, February 8th 2023.
View our PAGP earnings forecast
.

How were Plains GP's earnings last quarter?

Plains GP Holdings, L.P. (NYSE:PAGP) announced its quarterly earnings data on Tuesday, November, 2nd. The pipeline company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.17 by $0.29. The pipeline company earned $10.78 billion during the quarter, compared to analyst estimates of $9.28 billion. Plains GP had a net margin of 0.36% and a trailing twelve-month return on equity of 1.47%. During the same period last year, the company posted $0.09 earnings per share.

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

Plains GP announced a quarterly dividend on Wednesday, January 11th. Stockholders of record on Tuesday, January 31st will be paid a dividend of $0.2675 per share on Tuesday, February 14th. This represents a $1.07 annualized dividend and a yield of 8.00%. The ex-dividend date of this dividend is Monday, January 30th. This is a positive change from the stock's previous quarterly dividend of $0.22.
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 8.12%. 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 100.94%. 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 96.40% 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 institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (3.05%), Assenagon Asset Management S.A. (1.30%), Miller Howard Investments Inc. NY (1.11%), Oxbow Advisors LLC (0.33%), Terril Brothers Inc. (0.24%) and Bard Financial Services Inc. (0.23%). Insiders that own company stock include Ellen Desanctis, 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 $13.38.

How much money does Plains GP make?

Plains GP (NYSE:PAGP) has a market capitalization of $2.60 billion and generates $42.04 billion in revenue each year. The pipeline company earns $60 million in net income (profit) each year or $1.06 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 2/3/2023 by MarketBeat.com Staff