A number of firms have modified their ratings and price targets on shares of Plains Group Holdings, L.P. (NYSE: PAGP) recently:

  • 10/20/2017 – Plains Group Holdings, L.P. had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $27.00 price target on the stock.
  • 10/19/2017 – Plains Group Holdings, L.P. had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $26.00 price target on the stock.
  • 10/17/2017 – Plains Group Holdings, L.P. was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/17/2017 – Plains Group Holdings, L.P. was given a new $25.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 10/12/2017 – Plains Group Holdings, L.P. was given a new $20.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 10/11/2017 – Plains Group Holdings, L.P. was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Plains GP Holdings, L.P. operates as a holding company. The Company, through its subsidiaries, is involved in the transportation, storage, terminalling, and marketing of crude oil and refined products. It also focuses on the processing, transportation, fractionation, storage, and marketing of natural gas liquids, including ethane and natural gasoline products, as well as propane and butane products. Plains GP Holdings, L.P. is based in Houston, Texas. “
  • 10/10/2017 – Plains Group Holdings, L.P. is now covered by analysts at Seaport Global Securities. They set a “neutral” rating and a $23.00 price target on the stock.
  • 10/5/2017 – Plains Group Holdings, L.P. was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/3/2017 – Plains Group Holdings, L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/6/2017 – Plains Group Holdings, L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Plains GP Holdings, L.P. operates as a holding company. The Company, through its subsidiaries, is involved in the transportation, storage, terminalling, and marketing of crude oil and refined products. It also focuses on the processing, transportation, fractionation, storage, and marketing of natural gas liquids, including ethane and natural gasoline products, as well as propane and butane products. Plains GP Holdings, L.P. is based in Houston, Texas. “
  • 9/2/2017 – Plains Group Holdings, L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/1/2017 – Plains Group Holdings, L.P. was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/28/2017 – Plains Group Holdings, L.P. was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $25.00 price target on the stock, up previously from $22.00.
  • 8/28/2017 – Plains Group Holdings, L.P. was upgraded by analysts at UBS AG from an “outperform” rating to a “strong-buy” rating.
  • 8/28/2017 – Plains Group Holdings, L.P. was upgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “buy” rating. They now have a $24.00 price target on the stock.
  • 8/28/2017 – Plains Group Holdings, L.P. was given a new $22.00 price target on by analysts at Bank of America Corporation. They now have a “hold” rating on the stock.
  • 8/28/2017 – Plains Group Holdings, L.P. was given a new $21.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.

Plains Group Holdings, L.P. (NYSE:PAGP) traded down 0.940% during midday trading on Monday, hitting $20.555. 402,564 shares of the stock traded hands. The company’s market cap is $3.15 billion. The company’s 50-day moving average is $22.20 and its 200-day moving average is $25.35. Plains Group Holdings, L.P. has a one year low of $19.60 and a one year high of $36.09.

Plains Group Holdings, L.P. (NYSE:PAGP) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.02 billion. Plains Group Holdings, L.P. had a net margin of 0.34% and a return on equity of 0.69%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Equities research analysts expect that Plains Group Holdings, L.P. will post $1.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 5.78%. Plains Group Holdings, L.P.’s payout ratio is 333.50%.

In other news, Director Everardo Goyanes purchased 20,000 shares of Plains Group Holdings, L.P. stock in a transaction on Wednesday, August 9th. The stock was purchased at an average price of $21.25 per share, with a total value of $425,000.00. Following the transaction, the director now directly owns 42,305 shares in the company, valued at approximately $898,981.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Richard K. Mcgee purchased 2,500 shares of Plains Group Holdings, L.P. stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $21.08 per share, with a total value of $52,700.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 72,500 shares of company stock valued at $1,554,200. Insiders own 39.93% of the company’s stock.

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Through its three business segments, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas.

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