Plains GP Holdings LP (NASDAQ: PAGP) is 13.92% higher on its value in year-to-date trading and has touched a low of $14.93 and a high of $20.10 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 $18.23 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $18.17, the stock is -2.13% and -2.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -0.33% at the moment leaves the stock -0.03% off its SMA200. PAGP registered 13.07% gain for a year compared to 6-month gain of -4.42%. The firm has a 50-day simple moving average (SMA 50) of $18.7214 and a 200-day simple moving average (SMA200) of $18.17485.
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The stock witnessed a -5.51% loss in the last 1 month and extending the period to 3 months gives it a -4.32%, and is -2.15% 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 1.16% over the week and 1.50% over the month.
Plains GP Holdings LP (PAGP) has around 4200 employees, a market worth around $3.58B and $50.03B in sales. Current P/E ratio is 22.04 and Fwd P/E is 10.03. Profit margin for the company is 0.32%. Distance from 52-week low is 21.70% and -9.60% from its 52-week high. The company has generated returns on investments over the last 12 months (1.80%).
Plains GP Holdings LP quarterly earnings per share for the current quarter are estimated at 0.31 with sales reaching $13.11B over the same period.The EPS is expected to grow by 44.96% this year, but quarterly earnings will post -2.20% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.
333.0 institutions hold shares in Plains GP Holdings LP (PAGP), with institutional investors hold 86.35% of the company’s shares. The shares outstanding are 196.42M, and float is at 191.76M with Short Float at 4.69%. Institutions hold 84.02% of the Float.
The top institutional shareholder in the company is TORTOISE CAPITAL ADVISORS, L.L.C. with over 11.67 million shares valued at $219.57 million. The investor’s holdings represent 5.9223 of the PAGP Shares outstanding. As of 2024-06-30, the second largest holder is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with 10.02 million shares valued at $188.66 million to account for 5.0884 of the shares outstanding. The other top investors are ENERGY INCOME PARTNERS, LLC which holds 10.0 million shares representing 5.0783 and valued at over $188.28 million, while BARROW HANLEY MEWHINNEY & STRAUSS LLC holds 3.5311 of the shares totaling 6.96 million with a market value of $130.92 million.
