Insider Activity Monitoring: Plains GP Holdings L.P. (PAGP)

Plains GP Holdings L.P. (NASDAQ:PAGP) saw an upside of 1.26% to close Monday at $11.24 after adding $0.14 on the day. The 5-day average trading volume is 1,820,180 shares of the company’s common stock. It has gained $11.35 in the past week. An average of 2,445,460 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,074,242.

PAGP’s 1-month performance is 11.84% or $1.19 on its low of $9.70 reached on 09/20/21. The company’s shares have touched a 52-week low of $5.78 and high of $12.95, with the stock’s rally to the 52-week high happening on 06/15/21. YTD, PAGP has achieved 33.02% or $2.79. However, the current price is down -13.24%% from the 52-week high price.

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Insider Transactions

On Nov 18, 328 days have gone by since the last insider trading activity for Plains GP Holdings L.P. (PAGP). RAYMOND JOHN T (Director) most recently sold 6,220,955 shares at $8.05 per share on Nov 18. This transaction cost the insider $50,078,688., EMG Investment, LLC, sold 6,220,955 shares at a price of $8.05 on Nov 18.

Valuation Metrics

Plains GP Holdings L.P. (PAGP) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 73.55 and a low of 1.754. PAGP stock has a beta of 2.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.07 while the price-to-book (PB) in the most recent quarter is 1.54, with the price to cash flow ratio at 1.72.

It is projected that Plains GP Holdings L.P.’s next ex-dividend date will be on 28-Oct-2021. PAGP is expected to distribute $0.18 as its next dividend.

Plains GP Holdings L.P.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.90 meaning that PAGP stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 5.90, while the total debt to equity was 6.93. In terms of profitability, the gross margin trailing 12 months is 9.60%. The trailing 12-month EBITDA margin is 7.65% while for the period ending June 29; Plains GP Holdings L.P.’s operating margin was 1.30%. The firm’s gross profit as reported stood at $1.78 billion against revenue of $23.29 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PAGP to announce $0.2 per share in earnings in its latest quarter, but it posted -$0.35, representing a -275.00% surprise. EBITDA for the quarter stood at more than -$42.0 million. PAGP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.75 billion, with total debt at $10.49 billion. Shareholders hold equity totaling $194.12 million

Technical Picture

Let’s look briefly at Plains GP Holdings L.P. (PAGP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 66.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.20%.

The stock’s 5-day moving average is $10.95, reflecting a +3.40% or $0.37 change from its current price. PAGP is currently trading +8.70% above its 20-day SMA, +8.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +7.15% and +21.65% respectively.

Stochastic %K and %D was 86.51% and 77.67% and the average true range (ATR) pointed at 0.35. The RSI (14) points at 62.95%, while the 14-day stochastic is at 92.31% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 0.26 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for PAGP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PAGP as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.

What is PAGP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $17.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Plains GP Holdings L.P. (PAGP) stock is $13.11.


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