Plains GP Holdings LP (PAGP) saw an uptrend of 1.68% in the recent trading with $19.93 being its most recent. The current price level -0.85% lower than the highest price of $20.10 marked by the stock while trading over the past 52-weeks, whereas it is 33.49% higher than the lowest price of $14.93 the company dropped to over past 52-weeks. The latest news story on PAGP appeared in (Morningstar Research) under the title “Analyst Report: Plains GP Holdings, L.P.”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -0.80% below one month high and is +15.27% above of the lowest during that time. Looking into the simple moving average, Plains GP Holdings LP (PAGP)’s stock stands at a SMA-50 of $18.53 while that of 5-day is reading $19.62.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and PAGP’s SMA-200 as of now is $18.46.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.33 for the stock.
Plains GP Holdings LP Earnings – What Happened With PAGP
Coming around sales and income figures on PAGP Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Plains GP Holdings LP (PAGP) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -9.06% for net revenue.
PAGP – Plains GP Holdings LP Stock Earnings Estimates
The perspective of Plains GP Holdings LP (NASDAQ:PAGP)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.46 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.42.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 197.47 million. PAGP does have institutional investors; and they hold 80.92% of the stock.
Plains GP Holdings LP – Insider Activity and Holdings
As on 2024-06-30, TORTOISE CAPITAL ADVISORS, L.L.C. was the top most holder in Plains GP Holdings LP (NASDAQ:PAGP) with an ownership of 11.67 million shares of the company or 5.9223 of the stake worth $219.57 million. The filing also reveals MASSACHUSETTS FINANCIAL SERVICES CO /MA/ as the second largest holder in the company with a control over 5.0884 of the outstanding shares. Its stake is worth $188.66 million for having 10.02 million shares in hand.
ENERGY INCOME PARTNERS, LLC also came holding a key position in the company during the recent quarter and it now holds 5.0783 of the outstanding shares. With this there are now 352.0 institutions which have possession in PAGP’s shares.
Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.33 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Plains GP Holdings LP has a debt to equity ratio of 5.64.
Technical Analysis of Plains GP Holdings LP (NASDAQ:PAGP) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Plains GP Holdings LP (PAGP), we notice that the stock’s 20-day average volume is at 1,656,065 shares and 100% of short term indicators are suggesting the stock as Buy. Its 50-day average volume of 1,518,616 shares. And to end, PAGP’s 100-day average volume is 1,448,118 shares with 100% of the long-term indicators pointing towards Buy for the stock.
