As of Thursday close, Plains GP Holdings L.P.’s (NASDAQ:PAGP) stock was up $0.01, moving up 0.09 percent to $16.33. The average number of shares traded per day over the past five days has been 1,354,800 shares. 4 times new highs have been achieved over the past 5 days, with a $0.30 gain in that time frame. In the last twenty days, the average volume was 1,813,800, while in the previous 50 days, it was 2,118,962.
Since last month, PAGP stock rose 2.87%. Shares of the company fell to $15.48 on 09/07/23, the lowest level in the past month. A 52-week high of $16.40 was reached on 09/21/23 after having rallying from a 52-week low of $10.45. Since the beginning of this year, PAGP’s stock price has risen by 31.31% or $3.89, and marked a new high 48 times. However, the stock has declined by -0.40% since its 52-week high.
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PAGP stock investors should be aware that Plains GP Holdings L.P. (PAGP) stock had its last reported insider trading activity 137 days ago on May 08. Chiang Willie CW, the Chairman & CEO of the company, purchased of 75,000 shares for $13.25 on May 08. It resulted in a $993,525 investment by the insider.
Valuation Metrics
Right now, Plains GP Holdings L.P. (PAGP) has a P/E ratio of about 13.67. The stock’s beta is 1.57. Besides these, the trailing price-to-sales (P/S) ratio of 0.06, the price-to-book (PB) ratio of 2.03, and the price-to-cash flow ratio of 1.35 may also be considered.
Financial Health
In the three months ended June 29, Plains GP Holdings L.P.’s quick ratio stood at 0.90, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 4.65, and the total debt-to-equity ratio was 5.10. On the profitability front, the trailing twelve-month gross margin is 8.40% percent. In the year ended June 29, EBITDA margin amounted to 3.99%, whereas operating margins totaled 3.50%. Based on annual data, PAGP earned $2.85 billion in gross profit and brought in $57.34 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.90%. Return on equity (ROE) for the past 12 months was 15.10%.
In Plains GP Holdings L.P.’s quarter-end financial report for June 29, it reported total debt of $7.24 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PAGP’s revenue fell -41.0% to $12.34 billion during the quarter, while net income inched up to $11.6 billion. While analysts expected Plains GP Holdings L.P. to report $0.19 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by 31.60%. During the quarter, the company generated $635.0 million in EBITDA. The liabilities of Plains GP Holdings L.P. were 13.3 billion at the end of its most recent quarter ended June 29, and its total debt was $8.3 billion. The value of shareholders’ equity is $195.96 million.
Technical Picture
This quick technical analysis looks at Plains GP Holdings L.P.’s (PAGP) price momentum. With a historical volatility rate of 8.65%, the RSI 9-day stood at 71.02% on 21 September.
With respect to its five-day moving average, the current Plains GP Holdings L.P. price is up by +1.90% percent or $0.30. At present, PAGP shares trade +2.29% above its 20-day simple moving average and +21.90% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.66% above its SMA50 and +25.65% above its SMA200.
Stochastic coefficient K was 89.88% and Stochastic coefficient D was 83.22%, while ATR was 0.21. Given the Stochastic reading of 87.18% for the 14-day period, the RSI (14) reading has been calculated as 65.75%. As of today, the MACD Oscillator reading stands at 0.29, while the 14-day reading stands at 0.35.
Analyst Ratings
Plains GP Holdings L.P. downgraded its rating on Plains GP Holdings L.P. (NASDAQ: PAGP) to a Neutral in a note to investors on September 06, 2023. The analysts firm previously had a Buy rating on the stock.
