Plains GP Holdings (PAGP) Releases Quarterly Earnings Results
Plains GP Holdings (NASDAQ:PAGP) released its earnings data on Friday. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.01, American Banking News.com reports.
A number of research firms have recently commented on PAGP. Analysts at Stifel Nicolaus raised their price target on shares of Plains GP Holdings from $29.00 to $32.00 in a research note on Friday. They now have a “buy” rating on the stock. On the ratings front, analysts at Jefferies Group raised their price target on shares of Plains GP Holdings from $29.00 to $30.00 in a research note on Thursday, April 17th. They now have a “hold” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Plains GP Holdings from $27.00 to $32.00 in a research note on Friday, March 28th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $28.64.
Plains GP Holdings (NASDAQ:PAGP) traded down 1.60% on Friday, hitting $27.975. 51,609 shares of the company’s stock traded hands. Plains GP Holdings has a 1-year low of $21.50 and a 1-year high of $29.88. The stock’s 50-day moving average is $28.03 and its 200-day moving average is $25.96. The company has a market cap of $3.800 billion and a P/E ratio of 312.42.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.1706 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Plains GP Holdings’s previous quarterly dividend of $0.13.
Plains GP Holdings, L.P has direct and indirect partnership interests in Plains All American Pipeline, L.
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