Plains GP Stock Forecast, Price & News

$10.48
+0.19 (+1.85 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$9.97
$10.51
50-Day Range
$10.05
$12.80
52-Week Range
$5.45
$12.95
Volume4.35 million shs
Average Volume2.73 million shs
Market Capitalization$2.03 billion
P/E Ratio24.37
Dividend Yield6.86%
Beta2.21
30 days | 90 days | 365 days | Advanced Chart
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Plains GP logo

About Plains GP

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, and trucks. As of December 31, 2020, this segment owned and leased assets comprising 18,370 miles of crude oil and NGL pipelines and gathering systems; 35 million barrels of above-ground tank capacity; and 815 trailers. The Facilities segment 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, 2020, this segment owned and operated approximately 75 million barrels of crude oil storage capacity; 28 million barrels of NGL storage capacity; 68 billion cubic feet (Bcf) of natural gas storage capacity; 26 Bcf of base gas; 5 natural gas processing plants; a condensate processing facility; 8 fractionation plants; 22 crude oil and NGL rail terminals; 5 marine facilities; and 330 miles of pipelines. The Supply and Logistics segment engages in the purchase, logistics, and resale of crude oil and NGL. As of December 31, 2020, this segment owned 16 million barrels of crude oil and NGL linefill; 4 million barrels of crude oil and NGL linefill in pipelines owned by third parties and other inventory; 680 trucks and 840 trailers; and 6,000 crude oil and 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 founded in 2013 and is headquartered in Houston, Texas.

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MarketRank

Overall MarketRank

2.93 out of 5 stars

Oils/Energy Sector

10th out of 343 stocks

Pipelines, Except Natural Gas Industry

2nd out of 20 stocks

Analyst Opinion: 2.4Community Rank: 3.9Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
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Plains GP (NYSE:PAGP) Frequently Asked Questions

Is Plains GP a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Plains GP stock.
View analyst ratings for Plains GP
or view top-rated stocks.

What stocks does MarketBeat like better than Plains GP?

Wall Street analysts have given Plains GP a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Plains GP wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

How were Plains GP's earnings last quarter?

Plains GP Holdings, L.P. (NYSE:PAGP) posted its quarterly earnings data on Monday, February, 8th. The pipeline company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.22 by $0.33. The pipeline company earned $5.96 billion during the quarter, compared to analysts' expectations of $7.23 billion. Plains GP had a trailing twelve-month return on equity of 0.73% and a net margin of 0.35%.
View Plains GP's earnings history
.

How has Plains GP's stock been impacted by Coronavirus (COVID-19)?

Plains GP's stock was trading at $8.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PAGP stock has increased by 20.9% and is now trading at $10.48.
View which stocks have been most impacted by COVID-19
.

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

Plains GP declared a quarterly dividend on Thursday, July 8th. Investors of record on Friday, July 30th will be given a dividend of $0.18 per share on Friday, August 13th. This represents a $0.72 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date is Thursday, July 29th.
View Plains GP's dividend history
.

Is Plains GP a good dividend stock?

Plains GP pays an annual dividend of $0.72 per share and currently has a dividend yield of 6.86%. 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 9.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Plains GP will have a dividend payout ratio of 42.35% next year. This indicates that Plains GP will be able to sustain or increase its dividend.
View Plains GP's dividend history.

What price target have analysts set for PAGP?

7 equities research analysts have issued 1 year price objectives for Plains GP's stock. Their forecasts range from $11.00 to $14.00. On average, they expect Plains GP's share price to reach $12.83 in the next year. This suggests a possible upside of 22.5% from the stock's current price.
View analysts' price targets for Plains GP
or view top-rated stocks among Wall Street analysts.

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 60, Pay $1.59M)
  • Mr. Harry N. Pefanis, Pres & Director of PAA GP Holdings LLC (Age 64, Pay $367.16k)
  • Mr. Al P. Swanson, Exec. VP & CFO of PAA GP Holdings LLC (Age 57, Pay $1.14M)
  • Mr. Chris R. Chandler, Exec. VP & COO of PAA GP Holdings LLC (Age 49)
  • Mr. Chris Herbold, Sr. VP & Chief Accounting Officer of PAA GP Holdings LLC (Age 49)
  • Mr. Roy I. Lamoreaux, VP, Investor Relations & Communications
  • Mr. Richard Kelly McGee, Exec. VP, Gen. Counsel & Sec. of PAA GP Holdings LLC (Age 60)
  • Mr. Brad Leone, Director of Communications for PAA GP Holdings LLC
  • Mr. Jeremy L. Goebel, Exec. VP & Chief Commercial Officer of Plains All American GP LLC (Age 43)
  • Ms. Sharon S. Spurlin, Sr. VP & Treasurer (Age 55)

Who are some of Plains GP's key competitors?

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 number of retail and institutional investors. Top institutional investors include Chickasaw Capital Management LLC (5.16%), Terril Brothers Inc. (0.50%), Eagle Global Advisors LLC (0.44%), Tuttle Tactical Management (0.03%), Arizona State Retirement System (0.02%) and Advisor Group Holdings Inc. (0.02%). 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 Chickasaw Capital Management LLC, Eagle Global Advisors LLC, Terril Brothers Inc., MAI Capital Management, Arizona State Retirement System, and Zurcher Kantonalbank Zurich Cantonalbank .
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 acquired by a variety of institutional investors in the last quarter, including Tuttle Tactical Management, Wedbush Securities Inc., Beach Investment Counsel Inc. PA, Cutler Group LP, GWM Advisors LLC, Advisor Group Holdings Inc., SL Advisors LLC, and IFP Advisors Inc. Company insiders that have bought Plains GP stock in the last two years include Everardo Goyanes, Greg L Armstrong, Harry N Pefanis, Robert V Sinnott, and Willie Cw Chiang.
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 $10.48.

How much money does Plains GP make?

Plains GP has a market capitalization of $2.03 billion and generates $23.29 billion in revenue each year. The pipeline company earns $-568,000,000.00 in net income (profit) each year or $7.79 on an earnings per share basis.

How many employees does Plains GP have?

Plains GP employs 4,400 workers across the globe.

What is Plains GP's official website?

The official website for Plains GP is www.plainsallamerican.com.

Where are Plains GP's headquarters?

Plains GP is headquartered at 333 CLAY STREET SUITE 1600, HOUSTON TX, 77002.

How can I contact Plains GP?

Plains GP's mailing address is 333 CLAY STREET SUITE 1600, HOUSTON TX, 77002. The pipeline company can be reached via phone at 713-646-4100 or via email at [email protected]


This page was last updated on 8/4/2021 by MarketBeat.com Staff
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