Plains GP Holdings L.P. [PAGP] Stock trading around $7.94 per share: What’s Next?

Plains GP Holdings L.P. [NYSE: PAGP] stock went on a downward path that fall over 0.00% on Friday, amounting to a one-week price decrease of less than -3.29%. The company report on July 6, 2020 that Plains All American Pipeline and Plains GP Holdings Announce Distributions.

Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly distributions with respect to the second quarter of 2020.

PAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in May 2020. PAGP announced a corresponding quarterly cash distribution of $0.18 per Class A share ($0.72 per Class A share on an annualized basis), which is unchanged from the distribution paid in May 2020. With respect to PAA’s Series A Preferred Units, PAA announced a quarterly cash distribution of $0.525 per Series A Preferred Unit, or $2.10 on an annualized basis. Each of these distributions will be payable on August 14, 2020 to holders of record of each security at the close of business on July 31, 2020.

Over the last 12 months, PAGP stock dropped by -66.26%. The one-year Plains GP Holdings L.P. stock forecast points to a potential upside of 41.19. The average equity rating for PAGP stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.97 billion, with 183.00 million shares outstanding and 178.76 million shares in the current float. Compared to the average trading volume of 2.98M shares, PAGP stock reached a trading volume of 2936110 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Plains GP Holdings L.P. [PAGP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAGP shares is $13.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PAGP stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Plains GP Holdings L.P. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2020. The new note on the price target was released on May 18, 2020, representing the official price target for Plains GP Holdings L.P. stock. Previously, the target price had yet another drop from $13 to $8, while Credit Suisse kept a Neutral rating on PAGP stock.

The Average True Range (ATR) for Plains GP Holdings L.P. is set at 0.46, with the Price to Sales ratio for PAGP stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 0.16. Price to Free Cash Flow for PAGP in the course of the last twelve months was 0.96 with Quick ratio for the last quarter at 0.90.

PAGP Stock Performance Analysis:

Plains GP Holdings L.P. [PAGP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.29. With this latest performance, PAGP shares dropped by -9.57% in over the last four-week period, additionally sinking by -52.31% over the last 6 months – not to mention a drop of -66.26% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PAGP stock in for the last two-week period is set at 40.62, with the RSI for the last a single of trading hit 41.13, and the three-weeks RSI is set at 42.92 for Plains GP Holdings L.P. [PAGP]. The present Moving Average for the last 50 days of trading for this stock 9.37, while it was recorded at 8.03 for the last single week of trading, and 12.95 for the last 200 days.

Insight into Plains GP Holdings L.P. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Plains GP Holdings L.P. [PAGP] shares currently have an operating margin of +5.03 and a Gross Margin at +5.93. Plains GP Holdings L.P.’s Net Margin is presently recorded at +0.99.

Return on Total Capital for PAGP is now 7.10, given the latest momentum, and Return on Invested Capital for the company is 2.91. Return on Equity for this stock inclined to 16.55, with Return on Assets sitting at 1.17. When it comes to the capital structure of this company, Plains GP Holdings L.P. [PAGP] has a Total Debt to Total Equity ratio set at 472.02. Additionally, PAGP Total Debt to Total Capital is recorded at 82.52, with Total Debt to Total Assets ending up at 33.94. Long-Term Debt to Equity for the company is recorded at 444.27, with the Long-Term Debt to Total Capital now at 77.67.

Reflecting on the efficiency of the workforce at the company, Plains GP Holdings L.P. [PAGP] managed to generate an average of $66,200 per employee. Receivables Turnover for the company is 10.99 with a Total Asset Turnover recorded at a value of 1.17.Plains GP Holdings L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

PAGP Stock EPS

With the latest financial reports released by the company, Plains GP Holdings L.P. posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 37.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PAGP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Plains GP Holdings L.P. go to -13.50%.

Plains GP Holdings L.P. [PAGP] Insider Position Details

There are presently around $1,163 million, or 86.00% of PAGP stock, in the hands of institutional investors. The top three institutional holders of PAGP stocks are: TORTOISE CAPITAL ADVISORS, L.L.C. with ownership of 11,785,993, which is approximately -7.257% of the company’s market cap and around 1.30% of the total institutional ownership; ENERGY INCOME PARTNERS, LLC, holding 10,807,594 shares of the stock with an approximate value of $85.81 million in PAGP stocks shares; and CHICKASAW CAPITAL MANAGEMENT LLC, currently with $83.14 million in PAGP stock with ownership of nearly 2.48% of the company’s market capitalization.

Positions in Plains GP Holdings L.P. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 131 institutional holders increased their position in Plains GP Holdings L.P. [NYSE:PAGP] by around 33,750,882 shares. Additionally, 140 investors decreased positions by around 38,612,636 shares, while 26 investors held positions by with 74,155,041 shares. The mentioned changes placed institutional holdings at 146,518,559 shares, according to the latest SEC report filing. PAGP stock had 43 new institutional investments in for a total of 7,753,453 shares, while 59 institutional investors sold positions of 9,788,981 shares during the same period.

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