Plains GP Holdings LP (PAGP) saw an uptrend of 2617665% in the recent trading with $1820000.0 being its most recent. The current price level -13.38% lower than the highest price of $22.31 marked by the stock while trading over the past 52-weeks, whereas it is 16.35% higher than the lowest price of $16.60 the company dropped to over past 52-weeks. The latest news story on PAGP appeared in (Zacks) under the title “Are Investors Undervaluing Plains Group (PAGP) Right Now?” on Today.
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 2.38 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 – Insider Activity and Holdings
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 197.74 million. PAGP does have institutional investors; and they hold 82.85% of the stock.
As on 2024-06-30, MORGAN STANLEY was the top most holder in Plains GP Holdings LP (NASDAQ:PAGP) with an ownership of 5.48 million shares of the company or 2.782 of the stake worth $103.14 million. The filing also reveals TORTOISE CAPITAL ADVISORS, L.L.C. as the second largest holder in the company with a control over 1.4806 of the outstanding shares. Its stake is worth $219.57 million for having 11.67 million shares in hand.
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ also came holding a key position in the company during the recent quarter and it now holds 1.2721 of the outstanding shares. With this there are now 384.0 institutions which have possession in PAGP’s shares.
Key Metrics forPAGP
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 6.62.
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 1,974,510 shares. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 1,708,666 shares. And to end, PAGP’s 100-day average volume is 1,736,049 shares with 50% of the long-term indicators pointing towards Sell for the stock.
