Plains GP (PAGP) Stock Price, News & Analysis

Company Overview

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks. It engages in the loading and unloading services at terminals; NGL fractionation and isomerization services; and natural gas and condensate processing services. The company offers logistics services to producers, refiners, and other customers. PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was incorporated in 2013 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $19.13 to $19.35
• 50-Day Range: $17.20 to $19.25
• 52-Week Range: $14.93 to $20.10
• Volume: 821,924 shs
• Average Volume: 1.87 million shs
• Market Capitalization: $3.80 billion
• P/E Ratio: 22.65
• Dividend Yield: 6.60%
• Price Target: $19.88
• Consensus Rating: Hold

Plains GP Stock Analysis - MarketRank™

Plains GP scored higher than 52% of companies evaluated by MarketBeat, and ranked 152nd out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Plains GP has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 4 buy ratings, 3 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Plains GP has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 41.03%

Earnings Growth

Earnings for Plains GP are expected to grow by 41.03% in the coming year, from $1.17 to $1.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Plains GP is 22.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Plains GP is 22.65, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.57.

Price to Book Value per Share Ratio

Plains GP has a P/B Ratio of 0.26. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PAGP.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Plains GP is a leading dividend payer. It pays a dividend yield of 6.62%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Plains GP does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Plains GP is 149.41%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Plains GP will have a dividend payout ratio of 76.97% in the coming year. This indicates that Plains GP may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PAGP.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.37

News Sentiment

Plains GP has a news sentiment score of 1.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Plains GP this week, compared to 3 articles on an average week.

Search Interest

8 people have searched for PAGP on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Plains GP to their MarketBeat watchlist in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Plains GP insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.86% of the stock of Plains GP is held by insiders.

Percentage Held by Institutions

88.30% of the stock of Plains GP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PAGP Stock Analysis - Frequently Asked Questions

How have PAGP shares performed this year?

Plains GP's stock was trading at $15.95 at the beginning of the year. Since then, PAGP shares have increased by 20.7% and is now trading at $19.25.
View the best growth stocks for 2024 here.

How were Plains GP's earnings last quarter?

Plains GP Holdings, L.P. (NYSE:PAGP) released its earnings results on Friday, August, 2nd. The pipeline company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.11. The pipeline company earned $12.93 billion during the quarter, compared to analysts' expectations of $13.70 billion. Plains GP had a net margin of 0.33% and a trailing twelve-month return on equity of 1.12%.

Who are Plains GP's major shareholders?

Top institutional shareholders of Plains GP include Massachusetts Financial Services Co. MA (5.06%), Chickasaw Capital Management LLC (3.34%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (2.22%) and Two Sigma Advisers LP (2.02%). Insiders that own company stock include Willie Cw Chiang and Ellen Desanctis.
View institutional ownership trends.

How do I buy shares of Plains GP?

Shares of PAGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Plains GP own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Plains GP investors own include NVIDIA (NVDA), Meta Platforms (META), Exxon Mobil (XOM), Medtronic (MDT), Advanced Micro Devices (AMD), Broadcom (AVGO) and Intel (INTC).

Company Calendar

• Last Earnings: 8/02/2024
• Ex-Dividend for 11/14 Dividend: 10/31/2024
• Dividend Payable: 11/14/2024
• Today: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/14/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Pipelines, except natural gas
• Sub-Industry: N/A
• Current Symbol: NYSE:PAGP
• CUSIP: N/A
• CIK: 1581990
• Web: www.plainsallamerican.com
• Phone: (703) 646-4100
• Fax: 713-646-4572
• Employees: 4,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $19.88
• High Stock Price Target: $23.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +3.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.22
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.85
• Trailing P/E Ratio: 22.65
• Forward P/E Ratio: 16.45
• P/E Growth: N/A
• Net Income: $198 million
• Net Margins: 0.33%
• Pretax Margin: 3.07%
• Return on Equity: 1.12%
• Return on Assets: 0.58%

Debt

• Debt-to-Equity Ratio: 0.49
• Current Ratio: 1.01
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $48.71 billion
• Price / Sales: 0.08
• Cash Flow: $6.37 per share
• Price / Cash Flow: 3.02
• Book Value: $74.67 per share
• Price / Book: 0.26

Miscellaneous

• Outstanding Shares: 197,470,000
• Free Float: 177,996,000
• Market Cap: $3.80 billion
• Optionable: Optionable
• Beta: 1.54