In recent trading session, Plains GP Holdings L.P. (NASDAQ:PAGP) saw 0.82 million shares changing hands at last check today with its beta currently measuring 1.60. Company’s recent per share price level of $12.03 trading at -$0.13 or -1.03% at last check today assigns it a market valuation of $3.07B. That most recent trading price of PAGP’s stock is at a discount of -8.23% from its 52-week high price of $13.02 and is indicating a premium of 23.19% from its 52-week low price of $9.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.51 million shares which gives us an average trading volume of 2.80 million if we extend that period to 3-months.
For Plains GP Holdings L.P. (PAGP), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.90. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.47 in the current quarter.
Plains GP Holdings L.P. (NASDAQ:PAGP) trade information
Upright in the red during last session for losing -1.03%, in the last five days PAGP remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $12.03 price level, adding 6.02% to its value on the day. Plains GP Holdings L.P.’s shares saw a change of 19.92% in year-to-date performance and have moved -5.74% in past 5-day. Plains GP Holdings L.P. (NASDAQ:PAGP) showed a performance of 2.70% in past 30-days. Number of shares sold short was 5.18 million shares which calculate 1.64 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $14.77 to the stock, which implies a rise of 18.55% to its recent value today. Analysts have been projecting $12.00 as a low price target for the stock while placing it at a high target of $18.00. It follows that stock’s current price would drop -49.63% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.25% for stock’s current value.
Plains GP Holdings L.P. (PAGP) estimates and forecasts
Statistics highlight that Plains GP Holdings L.P. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.29% of value to its shares in past 6 months, showing an annual growth rate of 183.87% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 234.30% in the current quarter and calculating 541.70% increase in the next quarter. This year revenue growth is estimated to rise 15.70% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $12.78 billion for the same. And 3 analysts are in estimates of company making revenue of $13.13 billion in the next quarter that will end on Sep 2022. Company posted $9.93 billion and $8.68 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 28.70% while estimating it to be 51.20% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -20.10% during past 5 years.
Plains GP Holdings L.P. is more likely to be releasing its next quarterly report on November 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Plains GP Holdings L.P. (NASDAQ:PAGP)’s Major holders
Insiders are in possession of 2.57% of company’s total shares while institution are holding 84.93 percent of that, with stock having share float percentage of 87.17%. Investors also watch the number of corporate investors in a company very closely, which is 84.93% institutions for Plains GP Holdings L.P. that are currently holding shares of the company. Tortoise Capital Advisors, LLC is the top institutional holder at PAGP for having 14.99 million shares of worth $173.18 million. And as of Mar 30, 2022, it was holding 7.98% of the company’s outstanding shares.
The second largest institutional holder is Massachusetts Financial Services Co., which was holding about 12.21 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 6.50% of outstanding shares, having a total worth of $141.05 million.
On the other hand, Tortoise MLP & Pipeline Fund and MFS Series Trust XI-MFS Mid Cap Value Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 10.35 million shares of worth $106.86 million or 5.51% of the total outstanding shares. The later fund manager was in possession of 6.64 million shares on Mar 30, 2022, making its stake of worth around $76.72 million in the company or a holder of 3.54% of company’s stock.