Plains GP Holdings L.P. [PAGP] gain 20.22% so far this year. What now?

Plains GP Holdings L.P. [NASDAQ: PAGP] slipped around -0.14 points on Thursday, while shares priced at $12.19 at the close of the session, down -1.14%. The company report on October 10, 2022 that Plains All American Pipeline and Plains GP Holdings Announce Timing of Third-Quarter 2022 Earnings & Quarterly Earnings Timing for 2023.

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Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced they will release third-quarter 2022 earnings after market close on Wednesday, November 2, 2022 and will hold a joint webcast on the same day as follows:.

Plains GP Holdings L.P. stock is now 20.22% up from its year-to-date (YTD) trading value. PAGP Stock saw the intraday high of $12.4906 and lowest of $12.13 per share. The company’s 52-week high price is 13.02, which means current price is +29.89% above from all time high which was touched on 09/15/22.

Compared to the average trading volume of 2.66M shares, PAGP reached a trading volume of 2450392 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $14.64 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.

Stifel 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 August 15, 2022. The new note on the price target was released on August 01, 2022, representing the official price target for Plains GP Holdings L.P. stock. Previously, the target price had yet another raise to $12, while BofA Securities analysts kept a Neutral rating on PAGP stock. On May 12, 2022, analysts increased their price target for PAGP shares from 13 to 14.

The Average True Range (ATR) for Plains GP Holdings L.P. is set at 0.41, 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 1.56, with the Price to Cash per share for the same quarter was set at 1.09. Price to Free Cash Flow for PAGP in the course of the last twelve months was 1.88 with Quick ratio for the last quarter at 0.90.

How has PAGP stock performed recently?

Plains GP Holdings L.P. [PAGP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.92. With this latest performance, PAGP shares gained by 0.25% in over the last four-week period, additionally sinking by -0.57% over the last 6 months – not to mention a rise of 0.83% 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 56.13, with the RSI for the last a single of trading hit 59.28, and the three-weeks RSI is set at 54.52 for Plains GP Holdings L.P. [PAGP]. The present Moving Average for the last 50 days of trading for this stock 11.96, while it was recorded at 12.07 for the last single week of trading, and 11.51 for the last 200 days.

Plains GP Holdings L.P. [PAGP]: Deeper insight into the 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 +4.88 and a Gross Margin at +5.54. Plains GP Holdings L.P.’s Net Margin is presently recorded at +0.14.

Return on Equity for this stock inclined to 4.00, with Return on Assets sitting at 0.21.

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 1.00.

Insider trade positions for Plains GP Holdings L.P. [PAGP]

There are presently around $1,939 million, or 83.30% 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 14,237,133, which is approximately -5.047% of the company’s market cap and around 0.20% of the total institutional ownership; MASSACHUSETTS FINANCIAL SERVICES CO /MA/, holding 12,243,645 shares of the stock with an approximate value of $149.25 million in PAGP stocks shares; and GOLDMAN SACHS GROUP INC, currently with $135.24 million in PAGP stock with ownership of nearly -2.111% of the company’s market capitalization.

Positions in Plains GP Holdings L.P. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 128 institutional holders increased their position in Plains GP Holdings L.P. [NASDAQ:PAGP] by around 14,058,828 shares. Additionally, 111 investors decreased positions by around 21,346,334 shares, while 50 investors held positions by with 123,684,687 shares. The mentioned changes placed institutional holdings at 159,089,849 shares, according to the latest SEC report filing. PAGP stock had 26 new institutional investments in for a total of 3,375,355 shares, while 34 institutional investors sold positions of 6,263,340 shares during the same period.


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