S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:PAGP

Plains GP - PAGP Stock Forecast, Price & News

$11.22
+0.02 (+0.18%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$10.83
$11.49
50-Day Range
$9.80
$12.61
52-Week Range
$9.24
$12.84
Volume
6.04 million shs
Average Volume
2.77 million shs
Market Capitalization
$2.18 billion
P/E Ratio
19.35
Dividend Yield
7.75%
Price Target
$14.19

Plains GP MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
26.4% Upside
$14.19 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.02mentions of Plains GP in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.27%
From $0.88 to $0.90 Per Share

Overall MarketRank

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

2.93 out of 5 stars

Oils/Energy Sector

42nd out of 336 stocks

Pipelines, Except Natural Gas Industry

3rd out of 17 stocks

PAGP stock logo

About Plains GP (NYSE:PAGP) Stock

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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PAGP shares. Wolfe Research downgraded shares of Plains GP from an "outperform" rating to a "market perform" rating in a report on Monday, August 1st. UBS Group upped their target price on Plains GP from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday. Raymond James upped their target price on Plains GP from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 20th. Barclays dropped their price objective on shares of Plains GP from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 20th. Finally, Credit Suisse Group raised shares of Plains GP from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $13.00 to $14.00 in a research note on Thursday, May 12th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Plains GP presently has a consensus rating of "Hold" and a consensus target price of $14.19.

Plains GP Price Performance

NYSE:PAGP traded up $0.02 during mid-day trading on Friday, hitting $11.22. The stock had a trading volume of 6,038,668 shares, compared to its average volume of 2,768,629. The firm's 50 day moving average is $10.96 and its 200 day moving average is $11.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.88. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.35 and a beta of 1.71. Plains GP has a twelve month low of $9.24 and a twelve month high of $12.84.

Plains GP (NYSE:PAGP - Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The pipeline company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.31). Plains GP had a return on equity of 0.87% and a net margin of 0.21%. The business had revenue of $13.69 billion during the quarter, compared to analysts' expectations of $12.13 billion. Equities research analysts forecast that Plains GP will post 0.88 earnings per share for the current fiscal year.

Plains GP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend is Thursday, July 28th. Plains GP's dividend payout ratio (DPR) is currently 150.00%.

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PAGP Stock News Headlines

What 5 Analyst Ratings Have To Say About Plains GP Holdings
Plains GP (PAGP) Set to Announce Earnings on Wednesday
Plains GP (NYSE:PAGP) Price Target Cut to $12.00
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
Where Plains GP Holdings Stands With Analysts
3 Reasons Why Plains GP (PAGP) Is a Great Growth Stock
Best Momentum Stocks to Buy for February 10th
See More Headlines
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PAGP Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 5/13 Dividend
4/28/2022
Dividend Payable
5/13/2022
Ex-Dividend for 8/12 Dividend
7/28/2022
Today
8/07/2022
Dividend Payable
8/12/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

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
$14.19
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+26.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$60 million
Pretax Margin
1.08%

Debt

Sales & Book Value

Annual Sales
$42.04 billion
Cash Flow
$4.32 per share
Book Value
$73.00 per share

Miscellaneous

Free Float
175,543,000
Market Cap
$2.18 billion
Optionable
Optionable
Beta
1.71

Key Executives

  • Mr. Wilfred C.W. Chiang (Age 61)
    Chairman & CEO of PAA GP Holdings LLC
    Comp: $2.34M
  • Mr. Harry N. Pefanis (Age 65)
    Pres & Director of PAA GP Holdings LLC
    Comp: $1.57M
  • Mr. Al P. Swanson (Age 58)
    Exec. VP & CFO of PAA GP Holdings LLC
    Comp: $1.4M
  • Mr. Chris R. Chandler (Age 50)
    Exec. VP & COO of PAA GP Holdings LLC
    Comp: $1.43M
  • Mr. Richard Kelly McGee (Age 61)
    Exec. VP, Gen. Counsel & Sec. of PAA GP Holdings LLC
    Comp: $1.47M
  • Mr. Jeremy L. Goebel (Age 44)
    Exec. VP & Chief Commercial Officer of PAA GP Holdings LLC
    Comp: $1.59M
  • Mr. Chris Herbold (Age 50)
    Sr. VP & Chief Accounting Officer of PAA GP Holdings LLC
  • Mr. Roy I. Lamoreaux
    VP, Investor Relations & Communications
  • Mr. Brad Leone
    Director of Communications for PAA GP Holdings LLC
  • Ms. Sharon S. Spurlin (Age 56)
    Sr. VP & Treasurer













PAGP Stock - Frequently Asked Questions

Should I buy or sell Plains GP stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plains GP in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Plains GP stock.
View analyst ratings for Plains GP
or view top-rated stocks.

What is Plains GP's stock price forecast for 2022?

10 brokerages have issued 12-month target prices for Plains GP's shares. Their PAGP stock forecasts range from $12.00 to $18.00. On average, they anticipate Plains GP's share price to reach $14.19 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
View analysts' price targets for Plains GP
or view top-rated stocks among Wall Street analysts.

How has Plains GP's stock price performed in 2022?

Plains GP's stock was trading at $10.14 at the beginning of 2022. Since then, PAGP stock has increased by 10.7% and is now trading at $11.22.
View the best growth stocks for 2022 here
.

When is Plains GP's next earnings date?

Plains GP is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our earnings forecast for Plains GP
.

How were Plains GP's earnings last quarter?

Plains GP Holdings, L.P. (NYSE:PAGP) released its earnings results on Tuesday, November, 2nd. The pipeline company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.17 by $0.29. The pipeline company had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $9.28 billion. Plains GP had a trailing twelve-month return on equity of 0.87% and a net margin of 0.21%. During the same quarter in the prior year, the firm posted $0.09 earnings per share.

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

Plains GP declared a quarterly dividend on Monday, July 11th. Stockholders of record on Friday, July 29th will be given a dividend of $0.2175 per share on Friday, August 12th. This represents a $0.87 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Thursday, July 28th.
View Plains GP's dividend history
.

Is Plains GP a good dividend stock?

Plains GP(NYSE:PAGP) pays an annual dividend of $0.87 per share and currently has a dividend yield of 7.75%. 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 150.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Plains GP will have a dividend payout ratio of 96.67% in the coming year. This indicates that Plains GP may not be able to sustain their current dividend.
View Plains GP's dividend history.

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 many different retail and institutional investors. Top institutional shareholders include Chickasaw Capital Management LLC (4.54%), Kayne Anderson Capital Advisors LP (2.12%), Jennison Associates LLC (1.60%), Mirae Asset Global Investments Co. Ltd. (1.23%), Assenagon Asset Management S.A. (1.15%) and Miller Howard Investments Inc. NY (0.87%). 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
.

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 $11.22.

How much money does Plains GP make?

Plains GP (NYSE:PAGP) has a market capitalization of $2.18 billion and generates $42.04 billion in revenue each year. The pipeline company earns $60 million in net income (profit) each year or $0.58 on an earnings per share basis.

How many employees does Plains GP have?

Plains GP 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 Plains GP 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 8/7/2022 by MarketBeat.com Staff

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