Plains GP Holdings LP (NASDAQ: PAGP) is 15.86% higher on its value in year-to-date trading and has touched a low of $12.59 and a high of $19.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAGP stock was last observed hovering at around $18.76 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $18.48, the stock is 0.36% and 5.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -1.49% at the moment leaves the stock 13.78% off its SMA200. PAGP registered 35.38% gain for a year compared to 6-month gain of 16.59%.
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The stock witnessed a 7.25% loss in the last 1 month and extending the period to 3 months gives it a 11.86%, and is -5.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 1.64% over the month.
Plains GP Holdings LP (PAGP) has around 4200 employees, a market worth around $3.64B and $48.70B in sales. Current P/E ratio is 18.21 and Fwd P/E is 11.82. Profit margin for the company is 0.41%. Distance from 52-week low is 46.84% and -6.53% from its 52-week high. The company has generated returns on investments over the last 12 months (2.17%).
The EPS is expected to grow by 46.22% this year.
Plains GP Holdings LP (PAGP) Top Institutional Holders
The shares outstanding are 196.42M, and float is at 191.80M with Short Float at 5.69%.
Plains GP Holdings LP (PAGP) Insider Activity
The most recent transaction is an insider purchase by Chiang Willie CW,the company’sChairman & CEO. SEC filings show that Chiang Willie CW bought 62,000 shares of the company’s common stock on Sep 28 ’23 at a price of $16.24 per share for a total of $1.01 million. Following the purchase, the insider now owns 0.32 million shares.
Plains GP Holdings LP disclosed in a document filed with the SEC on May 08 ’23 that Chiang Willie CW (Chairman & CEO) bought a total of 75,000 shares of the company’s common stock. The trade occurred on May 08 ’23 and was made at $13.25 per share for $0.99 million. Following the transaction, the insider now directly holds 0.26 million shares of the PAGP stock.
