Take A Look At Insider Trading For Plains GP Holdings L.P. (PAGP)

The stock of Plains GP Holdings L.P. (NASDAQ:PAGP) increased by $0.45 on Tuesday to finish at $10.60, up 4.43 percent. The last five days have seen an average of 3,747,020 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $0.46. The average number of shares traded over the last 20 days was 2,566,295, while the average volume over the last 50 days totaled 2,765,346.

PAGP stock dropped -6.19% since last month. On 06/17/22, the company’s shares reached a one-month low of $9.85. The stock touched a high of $12.84 on 02/07/22, after rallying from a low of $9.24 in 52 weeks. The price of PAGP stock has risen by 4.54% or $0.46 this year, reaching a new high 17 times. Still, the stock price is down -17.41% from the 52-week high.

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Valuation Metrics

Plains GP Holdings L.P. (PAGP) has a trailing price-to-earnings (P/E) ratio of 158.21. Beta for the stock is 1.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.04, the price-to-book (PB) ratio of 1.34, and the price-to-cash flow ratio of 2.00.

Financial Health

For the three months ended December 30, Plains GP Holdings L.P.’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 5.19, and the total debt to equity ratio is 5.77. As far as profitability goes, gross margin for the trailing twelve months is 7.40% percent. Plains GP Holdings L.P.’s operating margin stood at 1.30% for the same period. Based on annual data, it had gross profit of $2.51 billion and revenue of $42.08 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PAGP’s return on assets (ROA) during the last 12 months has been 0.00%. There was a 6.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.90%.

Earnings Surprise

According to Plains GP Holdings L.P.’s quarterly financial report for the quarter that ended December 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $13.69 billion, while revenues rose by 38.78% to $12.99 billion. It was predicted that Plains GP Holdings L.P.’s quarterly earnings would be $0.43, but it ended up being $0.22, beating the consensus by 95.50%. EBITDA was $522.0 million for the quarter. At the end of Plains GP Holdings L.P.’s most recent quarter ended December 30, its liabilities totaled 17.79 billion, while its total debt was $9.64 billion. Equity owned by shareholders amounts to $194.23 million.

Technical Picture

Here’s a quick look at Plains GP Holdings L.P.’s (PAGP) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 33.81%, suggesting the stock is Neutral, with a 42.33% historical volatility rate.

The stochastic %K and %D were 16.19% and 10.31% respectively, while the average true range (ATR) was 0.49. Based on the 14-day stochastic reading of 26.98%, the RSI (14) reading is 37.45%. On the 9-day MACD Oscillator, the stock is at -0.88, and the 14-day reading is at -1.27.

Analyst Ratings

In its most recent analyst report, Credit Suisse raised its rating on Plains GP Holdings L.P. (NASDAQ: PAGP) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Plains GP Holdings L.P. (PAGP) an Overweight rating. PAGP is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.

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

The current consensus forecast for the stock is between $12.00 and $17.00, with a median target price of $14.50. In analyzing these forecasts, the average price target given by analysts for Plains GP Holdings L.P. (PAGP) is $14.42.


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