Plains GP Holdings LP (NYSE:PAGP) has been given an average recommendation of “Hold” by the twenty-two ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $26.63.

PAGP has been the topic of several recent analyst reports. ValuEngine lowered Plains GP from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Stifel Nicolaus reissued a “hold” rating and issued a $26.00 price objective (down previously from $30.00) on shares of Plains GP in a research note on Wednesday, August 9th. Jefferies Group raised Plains GP from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $27.00 to $24.00 in a research note on Monday, August 21st. UBS raised Plains GP from an “outperform” rating to a “strong-buy” rating in a research note on Monday, August 28th. Finally, SunTrust Banks set a $24.00 price objective on Plains GP and gave the stock a “hold” rating in a research note on Thursday, November 16th.

Plains GP (NYSE:PAGP) opened at $20.30 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $3,271.84, a P/E ratio of 46.96 and a beta of 1.48. Plains GP has a 1 year low of $18.98 and a 1 year high of $35.86.

Plains GP (NYSE:PAGP) last issued its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.20). The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.71 billion. Plains GP had a return on equity of 0.50% and a net margin of 0.25%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. equities analysts anticipate that Plains GP will post 0.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 5.91%. Plains GP’s dividend payout ratio is presently 266.67%.

Institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new position in shares of Plains GP during the second quarter worth about $103,000. The Manufacturers Life Insurance Company boosted its position in shares of Plains GP by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,166 shares of the pipeline company’s stock worth $109,000 after buying an additional 428 shares during the period. Toronto Dominion Bank boosted its position in shares of Plains GP by 260.0% during the third quarter. Toronto Dominion Bank now owns 6,110 shares of the pipeline company’s stock worth $134,000 after buying an additional 4,413 shares during the period. Shell Asset Management Co. boosted its position in shares of Plains GP by 110.8% during the second quarter. Shell Asset Management Co. now owns 7,994 shares of the pipeline company’s stock worth $209,000 after buying an additional 4,202 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Plains GP by 126.9% during the third quarter. Chicago Partners Investment Group LLC now owns 8,406 shares of the pipeline company’s stock worth $184,000 after buying an additional 4,702 shares during the period. Institutional investors own 83.13% of the company’s stock.

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Plains GP Company Profile

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.

Analyst Recommendations for Plains GP (NYSE:PAGP)

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