About Plains GP (NYSE:PAGP)
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, trucks, and barges. As of December 31, 2017, this segment owned and leased assets comprising 18,700 miles of crude oil and NGL pipelines and gathering systems; 32 million barrels of above-ground tank capacity; 810 trailers; 60 transport and storage barges; and 30 transport tugs. The Facilities segment is involved 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. This segment owned and operated approximately 77 million barrels of crude oil storage capacity; 34 million barrels of NGL storage capacity; 67 billion cubic feet of natural gas storage capacity; 25 billion cubic feet of base gas; 9 natural gas processing plants; a condensate processing facility; 8 fractionation plants; 34 crude oil and NGL rail terminals; 5 marine facilities; and 1,000 miles of pipelines. The Supply and Logistics segment engages in merchant-related activities, including purchase of crude oil, as well as NGL from producers, refiners, processors, and other marketers; storage of NGL and natural gas; and resale and transport of crude oil and NGL. It owned 14 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; 730 trucks and 900 trailers; and 10,100 crude oil and NGL railcars. The company offers logistics services, principally for crude oil, NGLs, and natural gas. 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.
Industry, Sector and Symbol
Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:PAGP
CUSIPN/A
Phone713-646-4100
Debt
Debt-to-Equity Ratio0.74%
Current Ratio0.88%
Quick Ratio0.73%
Price-To-Earnings
Trailing P/E Ratio38.49
Forward P/E Ratio16.79
P/E GrowthN/A
Sales & Book Value
Annual Sales$26.22 billion
Price / Sales0.15
Cash Flow$4.6506 per share
Price / Cash5.38
Book Value$79.81 per share
Price / Book0.31
Profitability
EPS (Most Recent Fiscal Year)$0.65
Net Income$-731,000,000.00
Net Margins-2.79%
Return on Equity0.73%
Return on Assets0.34%
Miscellaneous
Employees4,850
Outstanding Shares157,010,000
Plains GP (NYSE:PAGP) Frequently Asked Questions
What is Plains GP's stock symbol?
Plains GP trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAGP."
How often does Plains GP pay dividends? What is the dividend yield for Plains GP?
Plains GP announced a quarterly dividend on Monday, April 9th. Stockholders of record on Tuesday, May 1st will be given a dividend of $0.30 per share on Tuesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Monday, April 30th. View Plains GP's Dividend History.
How were Plains GP's earnings last quarter?
Plains GP Holdings (NYSE:PAGP) posted its earnings results on Tuesday, February, 6th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.40 by $0.25. The pipeline company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $4.91 billion. Plains GP had a negative net margin of 2.79% and a positive return on equity of 0.73%. View Plains GP's Earnings History.
When is Plains GP's next earnings date?
What price target have analysts set for PAGP?
18 equities research analysts have issued 12-month price objectives for Plains GP's stock. Their forecasts range from $22.00 to $32.00. On average, they expect Plains GP's share price to reach $25.8125 in the next twelve months. View Analyst Ratings for Plains GP.
Are investors shorting Plains GP?
Plains GP saw a increase in short interest in March. As of March 29th, there was short interest totalling 2,949,138 shares, an increase of 51.4% from the March 15th total of 1,948,344 shares. Based on an average daily volume of 1,594,033 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.0% of the shares of the company are sold short.
Who are some of Plains GP's key competitors?
Some companies that are related to Plains GP include Magellan Midstream Partners (MMP), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), Enbridge Energy, Limited Partnership (EEP), Holly Energy Partners (HEP), Valero Energy Partners (VLP), NuStar Energy (NS), BP Midstream Partners GP (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX), Delek Logistics Partners (DKL), TransMontaigne (TLP) and NuStar GP (NSH).
Who are Plains GP's key executives?
Plains GP's management team includes the folowing people:
- Mr. Gregory L. Armstrong, Chairman, CEO & Director (Age 60)
- Mr. Harry N. Pefanis, Pres, Chief Commercial Officer & Director of PAA GP Holdings LLC (Age 61)
- Mr. Al P. Swanson, Exec. VP & CFO of PAA GP Holdings LLC (Age 54)
- Mr. Wilfred C. Chiang, Exec. VP, COO & Director of PAA GP Holdings LLC (Age 57)
- Mr. Richard Kelly McGee, Exec. VP, Gen. Counsel & Sec. of PAA GP Holdings LLC (Age 57)
Has Plains GP been receiving favorable news coverage?
News coverage about PAGP stock has trended positive on Tuesday, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Plains GP earned a news sentiment score of 0.25 on Accern's scale. They also assigned headlines about the pipeline company an impact score of 46.46 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Plains GP's stock price today?
One share of PAGP stock can currently be purchased for approximately $25.02.
How big of a company is Plains GP?
Plains GP has a market capitalization of $3.93 billion and generates $26.22 billion in revenue each year. The pipeline company earns $-731,000,000.00 in net income (profit) each year or $0.65 on an earnings per share basis. Plains GP employs 4,850 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 pipeline company can be reached via phone at 713-646-4100 or via email at [email protected]
MarketBeat Community Rating for Plains GP (PAGP)
MarketBeat's community ratings are surveys of what our community members think about Plains GP and other stocks. Vote "Outperform" if you believe PAGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
Plains GP (NYSE:PAGP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
18 Wall Street analysts have issued ratings and price targets for Plains GP in the last 12 months. Their average twelve-month price target is $25.8125, suggesting that the stock has a possible upside of 3.17%. The high price target for PAGP is $32.00 and the low price target for PAGP is $22.00. There are currently 1 sell rating, 4 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.72 | 2.68 | 2.50 | 2.56 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
12 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
11 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
10 Hold Rating(s)
7 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
9 Hold Rating(s)
8 Buy Rating(s)
1 Strong Buy Rating(s) |
| Consensus Price Target: | $25.8125 | $26.2941 | $25.8750 | $27.3750 |
| Price Target Upside: | 3.17% upside | 14.92% upside | 10.53% upside | 28.82% upside |
Plains GP (NYSE:PAGP) Consensus Price Target History
Plains GP (NYSE:PAGP) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
Plains GP (NYSE:PAGP) Dividend Information
Plains GP pays an annual dividend of $1.20 per share, with a dividend yield of 4.80%. PAGP's next quarterly dividend payment will be made on Tuesday, May 15. The company has grown its dividend for the last 3 consecutive years and is increasing its dividend by an average of 3.00% each year. Plains GP pays out 184.62% of its earnings out as a dividend.
| Next Dividend: | 5/15/2018 |
| Annual Dividend: | $1.20 |
| Dividend Yield: | 4.80% |
| Dividend Growth: | 3.00% (3 Year Average) |
| Payout Ratio: | 184.62% (Trailing 12 Months of Earnings)
80.54% (Based on This Year's Estimates)
68.18% (Based on Next Year's Estimates)
|
| Track Record: | 3 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Plains GP (NYSE:PAGP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/9/2018 | Quarterly | $0.30 | 5.13% | 4/30/2018 | 5/1/2018 | 5/15/2018 |
| 1/9/2018 | quarterly | $0.30 | 5.24% | 1/30/2018 | 1/31/2018 | 2/14/2018 |
| 10/12/2017 | quarterly | $0.30 | 5.58% | 10/30/2017 | 10/31/2017 | 11/14/2017 |
| 7/7/2017 | quarterly | $0.55 | 8.47% | 7/27/2017 | 7/31/2017 | 8/14/2017 |
| 4/18/2017 | Quarterly | $0.55 | 7.27% | 4/27/2017 | 5/1/2017 | 5/15/2017 |
| 1/11/2017 | quarterly | $0.55 | 6.56% | 1/27/2017 | 1/31/2017 | 2/14/2017 |
| 10/3/2016 | quarterly | $0.2065 | 6.45% | 10/27/2016 | 10/31/2016 | 11/14/2016 |
| 7/12/2016 | quarterly | $0.2310 | 8.35% | 7/27/2016 | 7/29/2016 | 8/12/2016 |
| 4/8/2016 | quarterly | $0.2310 | 10.74% | 4/27/2016 | 4/29/2016 | 5/13/2016 |
| 1/13/2016 | quarterly | $0.2310 | 13.01% | 1/27/2016 | 1/29/2016 | 2/12/2016 |
| 10/8/2015 | quarterly | $0.2310 | 4.83% | 10/28/2015 | 10/30/2015 | 11/13/2015 |
| 7/8/2015 | quarterly | $0.2270 | 3.6% | 7/29/2015 | 7/31/2015 | 8/14/2015 |
| 4/8/2015 | quarterly | $0.2220 | 3.23% | 4/29/2015 | 5/1/2015 | 5/15/2015 |
| 1/9/2015 | quarterly | $0.2030 | 3.12% | 1/28/2015 | 1/30/2015 | 2/13/2015 |
| 10/8/2014 | quarterly | $0.1908 | 2.64% | 10/29/2014 | 10/31/2014 | 11/14/2014 |
| 7/8/2014 | quarterly | $0.1834 | 2.44% | 7/30/2014 | 8/1/2014 | 8/14/2014 |
| 4/8/2014 | quarterly | $0.1706 | 2.49% | 4/30/2014 | 5/2/2014 | 5/15/2014 |
| 1/10/2014 | special | $0.1251 | | 1/29/2014 | 1/31/2014 | 2/14/2014 |
| 1/9/2014 | quarterly | $0.1251 | | 1/29/2014 | 1/31/2014 | 2/14/2014 |
(Data available from 1/1/2013 forward)
Plains GP (NYSE PAGP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 16.80%
Institutional Ownership Percentage: 84.28%
Plains GP (NYSE PAGP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/15/2018 | Oscar K Brown | Director | Buy | 7,100 | $22.51 | $159,821.00 | 7,100 |  |
| 8/10/2017 | Richard K Mcgee | EVP | Buy | 2,500 | $21.08 | $52,700.00 | | |
| 8/9/2017 | Everardo Goyanes | Director | Buy | 20,000 | $21.25 | $425,000.00 | 42,305 | |
| 8/9/2017 | Greg L Armstrong | Chairman | Buy | 50,000 | $21.53 | $1,076,500.00 | 700,625 | |
| 6/21/2017 | Greg L Armstrong | Chairman | Buy | 50,000 | $23.41 | $1,170,500.00 | 650,625 | |
| 5/10/2017 | Greg L Armstrong | Chairman | Buy | 100,000 | $27.64 | $2,764,000.00 | 525,625 | |
| 3/1/2017 | Greg L Armstrong | Chairman | Buy | 50,000 | $31.00 | $1,550,000.00 | 500,625 | |
| 2/11/2016 | Willie Cw Chiang | COO | Buy | 200,000 | $5.80 | $1,160,000.00 | 200,000 | |
| 2/10/2016 | Greg L Armstrong | CEO | Buy | 1,000,000 | $5.86 | $5,860,000.00 | 1,200,000 | |
| 2/10/2016 | Harry N. Pefanis | COO | Buy | 20,000 | $5.75 | $115,000.00 | 489,065 | |
| 11/19/2015 | Greg L Armstrong | CEO | Buy | 100,000 | $11.09 | $1,109,000.00 | 200,000 | |
| 9/29/2015 | John T Raymond | Director | Buy | 50,000 | $16.50 | $825,000.00 | 150,000 | |
| 8/10/2015 | Greg L Armstrong | CEO | Buy | 100,000 | $18.27 | $1,827,000.00 | | |
| 11/14/2014 | John T Raymond | Director | Buy | 100,000 | $25.00 | $2,500,000.00 | | |
| 3/13/2014 | Victor Burk | Director | Buy | 3,000 | $27.09 | $81,270.00 | 3,000 | |
(Data available from 1/1/2013 forward)
Plains GP (NYSE PAGP) News Headlines
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Plains GP (NYSE:PAGP) SEC Filings
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Plains GP (NYSE:PAGP) Income Statement, Balance Sheet and Cash Flow Statement
Plains GP (NYSE PAGP) Stock Chart for Tuesday, April, 24, 2018
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