Plains GP Holdings LP (NASDAQ: PAGP) is 16.00% higher on its value in year-to-date trading and has touched a low of $16.90 and a high of $22.31 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 $21.31 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $21.32, the stock is -0.04% and 4.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 0.05% at the moment leaves the stock 11.81% off its SMA200. PAGP registered 24.46% gain for a year compared to 6-month gain of 11.92%.
The stock witnessed a -0.65% loss in the last 1 month and extending the period to 3 months gives it a 11.10%, and is -1.89% 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 2.20% over the week and 2.02% over the month.
Plains GP Holdings LP (PAGP) has around 4200 employees, a market worth around $16.47B and $50.27B in sales. Current P/E ratio is 40.78 and Fwd P/E is 13.51. Profit margin for the company is 0.20%. Distance from 52-week low is 26.15% and -4.42% from its 52-week high. The company has generated returns on investments over the last 12 months (1.16%).
The EPS is expected to grow by 212.12% this year
The shares outstanding are 197.47M, and float is at 191.99M with Short Float at 4.76%.
The top institutional shareholder in the company is GOLDMAN SACHS GROUP INC with over 5.82 million shares valued at $$109.62 million. The investor’s holdings represent 2.9566 of the PAGP Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 5.48 million shares valued at $$103.14 million to account for 2.782 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.45 million shares representing 2.7688 and valued at over $$102.65 million, while TORTOISE CAPITAL ADVISORS, L.L.C. holds 1.4806 of the shares totaling 11.67 million with a market value of $$219.57 million.
