Plains GP Holdings LP (PAGP) concluded trading on Thursday at a closing price of $18.47, with 2.77 million shares of worth about $51.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.08% during that period and on April 18, 2024 the price saw a gain of about 1.09%. Currently the company’s common shares owned by public are about 196.42M shares, out of which, 191.80M shares are available for trading.
Stock saw a price change of -2.58% in past 5 days and over the past one month there was a price change of 4.11%. Year-to-date (YTD), PAGP shares are showing a performance of 15.80% which increased to 35.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.59 but also hit the highest price of $19.77 during that period. The average intraday trading volume for Plains GP Holdings LP shares is 2.23 million. The stock is currently trading -0.31% below its 20-day simple moving average (SMA20), while that difference is up 4.85% for SMA50 and it goes to 13.34% higher than SMA200.
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Plains GP Holdings LP (NASDAQ: PAGP) currently have 196.42M outstanding shares and institutions hold larger chunk of about 84.06% of that.
The stock has a current market capitalization of $3.64B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 18.20, while it has posted earnings per share of $1.02 in the same period. It has Quick Ratio of 0.87 while making debt-to-equity ratio of 5.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PAGP, volatility over the week remained 2.27% while standing at 1.75% over the month.
Stock’s fiscal year EPS is expected to rise by 46.71% while it is estimated to increase by 5.51% in next year. EPS is likely to grow at an annualized rate of 0.00% for next 5-years, compared to annual growth of -3.03% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on April 08, 2024 offering a Sector outperform rating for the stock and assigned a target price of $23 to it. Coverage by Goldman stated Plains GP Holdings LP (PAGP) stock as a Sell in their note to investors on October 06, 2023, suggesting a price target of $13.50 for the stock. On September 25, 2023, Barclays Downgrade their recommendations, while on September 06, 2023, Citigroup Downgrade their ratings for the stock with a price target of $15.50. Stock get a Strong buy rating from Raymond James on April 21, 2023.
