Plains GP Holdings LP (NASDAQ:PAGP) shares traded 0.69% higher at $19.00 on Wall Street last session.
PAGP stock price is now 10.92% away from the 50-day moving average and 18.27% away from the 200-day moving average. The market capitalization of the company currently stands at $3.75B.
On September 25, 2023, Barclays Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $15, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Chiang Willie CW, Chairman & CEO bought 62,000 shares of the company’s stock on Sep 28 ’23. The stock was bought for $1,006,694 at an average price of $16.24. Upon completion of the transaction, the Chairman & CEO now directly owns 318,704 shares in the company, valued at $6.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’23, Chairman & CEO Chiang Willie CW bought 75,000 shares of the business’s stock. A total of $993,525 was incurred on buying the stock at an average price of $13.25. This leaves the insider owning 256,704 shares of the company worth $4.88 million. A total of 2.71% of the company’s stock is owned by insiders.
During the past 12 months, Plains GP Holdings LP has had a low of $12.59 and a high of $18.99. As of last week, the company has a debt-to-equity ratio of 5.23, a current ratio of 0.98, and a quick ratio of 0.87. The fifty day moving average price for PAGP is $17.13 and a two-hundred day moving average price translates $16.06 for the stock.
The latest earnings results from Plains GP Holdings LP (NASDAQ: PAGP) was released for Dec, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.27, missing analysts’ expectations of $0.35 by -0.08. This compares to $1.52 EPS in the same period last year. The net profit margin was 0.41% and return on equity was 12.89% for PAGP. The company reported revenue of $12.7 billion for the quarter, compared to $12.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.97 percent. For the current quarter, analysts expect PAGP to generate $13B in revenue.
