NYSE:PAGPPlains GP Stock Price, Forecast & News

$10.25

+0.14 (+1.38 %)

(As of 05/22/2020 04:00 PM ET)

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Today's Range

$9.68

Now: $10.25▼

$10.26

50-Day Range

$5.37

MA: $7.69▼

$10.11

52-Week Range

$3.04

Now: $10.25▼

$25.69

Volume1.66 million shs

Average Volume3.70 million shs

Market Capitalization$1.89 billion

P/E RatioN/A

Dividend Yield7.02%

Beta2.38

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, 2018, this segment owned and leased assets comprising 17,965 miles of crude oil and NGL pipelines and gathering systems; 31 million barrels of above-ground tank capacity; 830 trailers; 50 transport and storage barges; and 20 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; 32 million barrels of NGL storage capacity; 63 billion cubic feet of natural gas storage capacity; 25 billion cubic feet of base gas; 7 natural gas processing plants; a condensate processing facility; 8 fractionation plants; 33 crude oil and NGL rail terminals; 5 marine facilities; and 425 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 15 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; 750 trucks and 900 trailers; and 9,100 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.

Beat the Market (BTM) Rank^™

4.2 Analyst's Opinion

Consensus Rating
Plains GP has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 7 buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.20, Plains GP has a potential upside of 28.8% from its current price of $10.25.
Amount of Analyst Coverage
Plains GP has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.1 Community Rank

Outperform Votes
Plains GP has received 375 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Plains GP has received 531 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Plains GP has received 58.61% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Plains GP is a leading dividend payer. It pays a dividend yield of 7.02%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Plains GP has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Plains GP is 36.73 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Plains GP will have a dividend payout ratio of 47.37 % next year. This indicates that Plains GP will be able to sustain or increase its dividend.

4.0 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 $2,374,962.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 12.47% of the stock of Plains GP is held by insiders.
Percentage Held by Institutions
82.03% of the stock of Plains GP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Plains GP are expected to decrease by -4.40% in the coming year, from $1.59 to $1.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Plains GP is -4.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Plains GP is -4.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Plains GP has a P/B Ratio of 0.17. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.85 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Pipelines, except natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:PAGP

Previous Symbol

CUSIPN/A

CIK1581990

Webwww.plainsallamerican.com

Phone713-646-4100

Debt

Debt-to-Equity Ratio0.88

Current Ratio0.91

Quick Ratio0.86

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio6.45

P/E GrowthN/A

Sales & Book Value

Annual Sales$33.67 billion

Price / Sales0.06

Cash Flow$5.13 per share

Price / Cash Flow2.00

Book Value$60.71 per share

Price / Book0.17

Profitability

EPS (Most Recent Fiscal Year)$1.96

Net Income$331 million

Net Margins-1.18%

Return on Equity11.68%

Return on Assets5.59%

Miscellaneous

Employees5,000

Outstanding Shares184,240,000

Market Cap$1.89 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Plains GP (NYSE:PAGP) Frequently Asked Questions

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

Plains GP's stock was trading at $8.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PAGP stock has increased by 18.2% and is now trading at $10.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Plains GP?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last year. There are currently 2 sell ratings, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Plains GP.

When is Plains GP's next earnings date?

Plains GP is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Plains GP.

How were Plains GP's earnings last quarter?

Plains GP Holdings LP (NYSE:PAGP) released its quarterly earnings data on Tuesday, May, 5th. The pipeline company reported $7.68 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $7.28. The pipeline company earned $8.27 billion during the quarter, compared to the consensus estimate of $9.22 billion. Plains GP had a positive return on equity of 11.68% and a negative net margin of 1.18%. View Plains GP's earnings history.

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

Plains GP announced a quarterly dividend on Wednesday, April 8th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.18 per share on Friday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Thursday, April 30th. View Plains GP's dividend history.

What price target have analysts set for PAGP?

13 analysts have issued twelve-month price objectives for Plains GP's stock. Their forecasts range from $6.00 to $28.00. On average, they anticipate Plains GP's share price to reach $13.20 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price. View analysts' price targets for Plains GP.

Has Plains GP been receiving favorable news coverage?

Media coverage about PAGP stock has been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Plains GP earned a news impact score of -4.5 on InfoTrie's scale. They also assigned media coverage about the pipeline company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutPlains GP.

Who are some of Plains GP's key competitors?

Some companies that are related to Plains GP include Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP). View all 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 LP Unit (ET), Enterprise Products Partners (EPD), New Residential Investment (NRZ), AT&T (T), Exxon Mobil (XOM), Enbridge (ENB), AbbVie (ABBV), Ford Motor (F), Plains All American Pipeline (PAA) and Simon Property Group (SPG).

Who are Plains GP's key executives?

Plains GP's management team includes the following people:

Mr. Wilfred C.W. Chiang, CEO & Director of PAA GP Holdings LLC (Age 58)
Mr. Harry N. Pefanis, Pres, Chief Commercial Officer & Director of PAA GP Holdings LLC (Age 62)
Mr. Al P. Swanson, Exec. VP & CFO of PAA GP Holdings LLC (Age 55)
Mr. Chris R. Chandler, Exec. VP & COO of PAA GP Holdings LLC (Age 47)
Mr. Chris Herbold, Sr. VP & Chief Accounting Officer of PAA GP Holdings LLC (Age 47)

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 investors include Tortoise Capital Advisors L.L.C. (6.40%), Chickasaw Capital Management LLC (5.61%), Massachusetts Financial Services Co. MA (4.03%), RR Advisors LLC (2.88%), Kayne Anderson Capital Advisors LP (2.61%) and Clearbridge Investments LLC (2.48%). Company insiders that own Plains GP stock include Emg Investment, Llc, Everardo Goyanes, Greg L Armstrong, Harry N Pefanis, John T Raymond, Oscar K Brown, Oxy Holding Co (Pipeline), Inc, Robert V Sinnott 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 APG Asset Management N.V., APG Asset Management N.V., Cohen & Steers Inc., Clearbridge Investments LLC, Kayne Anderson Capital Advisors LP, APG Asset Management N.V., KBC Group NV, and Alberta Investment Management Corp. Company insiders that have sold Plains GP company stock in the last year include Emg Investment, Llc, and Oxy Holding Co (Pipeline), Inc. View insider buying and selling activity for Plains GP.

Which institutional investors are buying Plains GP stock?

PAGP stock was acquired by a variety of institutional investors in the last quarter, including RR Advisors LLC, Luminus Management LLC, Wellington Management Group LLP, Invesco Ltd., Morgan Stanley, Oxbow Advisors LLC, Prescott Group Capital Management L.L.C., and Commonwealth of Pennsylvania Public School Empls Retrmt SYS. Company insiders that have bought Plains GP stock in the last two years include Everardo Goyanes, Greg L Armstrong, Harry N Pefanis, John T Raymond, Oscar K Brown, Robert V Sinnott, and Willie Cw Chiang. View insider buying and selling activity for Plains GP.

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, Robinhood, Fidelity, and Charles Schwab.

What is Plains GP's stock price today?

One share of PAGP stock can currently be purchased for approximately $10.25.

How big of a company is Plains GP?

Plains GP has a market capitalization of $1.89 billion and generates $33.67 billion in revenue each year. The pipeline company earns $331 million in net income (profit) each year or $1.96 on an earnings per share basis. Plains GP employs 5,000 workers across the globe.

What is Plains GP's official website?

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

How can I contact Plains GP?

Plains GP's mailing address is 333 CLAY ST 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 5/25/2020 by MarketBeat.com Staff