Plains GP Holdings LP (PAGP)’s Market Momentum: Closing Strong at 18.28, Down -0.33

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As of close of business last night, Plains GP Holdings LP’s stock clocked out at $18.28, down -0.33% from its previous closing price of $18.34. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 1.77 million shares were traded. PAGP stock price reached its highest trading level at $18.4 during the session, while it also had its lowest trading level at $18.14.

Ratios:

To gain a deeper understanding of PAGP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 5.35 whereas as Long-Term Debt/Eq ratio is at 4.99.

Barclays Downgraded its Equal Weight to Underweight on September 25, 2023, while the target price for the stock was maintained at $15.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 28 ’23 when Chiang Willie CW bought 62,000 shares for $16.24 per share. The transaction valued at 1,006,694 led to the insider holds 318,704 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PAGP now has a Market Capitalization of 4252915200 and an Enterprise Value of 14700160000. As of this moment, Plains’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.95, and their Forward P/E ratio for the next fiscal year is 9.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07 while its Price-to-Book (P/B) ratio in mrq is 2.38. Its current Enterprise Value per Revenue stands at 0.304 whereas that against EBITDA is 5.981.

Stock Price History:

The Beta on a monthly basis for PAGP is 1.53, which has changed by 0.30199432 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, PAGP has reached a high of $19.77, while it has fallen to a 52-week low of $13.36. The 50-Day Moving Average of the stock is 0.01%, while the 200-Day Moving Average is calculated to be 10.15%.

Shares Statistics:

It appears that PAGP traded 2.11M shares on average per day over the past three months and 2373890 shares per day over the past ten days. A total of 196.42M shares are outstanding, with a floating share count of 191.91M. Insiders hold about 2.71% of the company’s shares, while institutions hold 82.85% stake in the company. Shares short for PAGP as of 1714435200 were 12364088 with a Short Ratio of 5.85, compared to 1711584000 on 10919708. Therefore, it implies a Short% of Shares Outstanding of 12364088 and a Short% of Float of 6.4399999999999995.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.06379498The stock’s 5-year Average Dividend Yield is 8.21. The current Payout Ratio is 105.38% for PAGP, which recently paid a dividend on 2024-04-30 with an ex-dividend date of 1714435200. Stock splits for the company last occurred on 2016-11-16 when the company split stock in a 375:1000 ratio.

Earnings Estimates

The firm’s stock currently is rated by 4.0 analysts. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.51 and a low estimate of $0.02, while EPS last year was $0.25. The consensus estimate for the next quarter is $0.26, with high estimates of $0.54 and low estimates of $0.05.

Analysts are recommending an EPS of between $2.42 and $0.44 for the fiscal current year, implying an average EPS of $1.25. EPS for the following year is $1.45, with 5.0 analysts recommending between $2.44 and $0.31.

Revenue Estimates

In the current quarter, 2 analysts expect revenue to total $12.84B. It ranges from a high estimate of $13.17B to a low estimate of $12.5B. As of the current estimate, Plains GP Holdings LP’s year-ago sales were $11.6BFor the next quarter, 2 analysts are estimating revenue of $13.02B. There is a high estimate of $13.28B for the next quarter, whereas the lowest estimate is $12.77B.

A total of 5 analysts have provided revenue estimates for PAGP’s current fiscal year. The highest revenue estimate was $56.82B, while the lowest revenue estimate was $11.98B, resulting in an average revenue estimate of $45.08B. In the same quarter a year ago, actual revenue was $48.71BBased on 3 analysts’ estimates, the company’s revenue will be $56.96B in the next fiscal year. The high estimate is $59.29B and the low estimate is $54.88B.

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