A statement released earlier today by Scotia Howard Weil about Plains GP (NYSE:PAGP) bumps the target price to $14.00
- Updated: October 9, 2016
Boasting a price of $13.03, Plains GP (NYSE:PAGP) traded -0.38% lower on the day. With the last stock price close up 24.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Plains GP has recorded a 50-day average of $11.98 and a two hundred day average of $10.48. Volume of trade was down over the average, with 1,599,286 shares of PAGP changing hands under the typical 2,866,900
Scotia Howard Weil bumped up the target of Plains GP (NYSE:PAGP) to $14.00 stating a potential upside of 0.07%.
With a total market value of $0, Plains GP has price-earnings ratio of 23.44 with a one year low of $4.72 and a one year high of $19.11 .
A total of 22 equity analysts have released a ratings update on PAGP. Four equity analysts rating the company a strong buy, three equity analysts rating the company a buy, seventeen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $10.70.
Brief Synopsis About Plains GP (NYSE:PAGP)
Plains GP Holdings, L.P. (PAGP) owns an interest in the general partner and incentive distribution rights (IDRs) of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAA conducts its operations through three segments: Transportation, Facilities, and Supply and Logistics. Through its three business segments, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas. The majority of its activities are focused on crude oil, which is the principal feedstock used by refineries in the production of transportation fuels.
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