A statement released earlier today by Zacks Investment Research about Plains GP Holdings LP (NYSE:PAGP) bumps the target price to $15.00
- Updated: October 17, 2016
Yesterday Plains GP Holdings LP (NYSE:PAGP) traded -0.37% lower at $13.29. The company’s 50-day average is $12.32 and its two hundred day average is $10.72. With the last stock price up 23.96% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 2,054,854 shares of PAGP changing hands under the typical 2,640,440
Zacks Investment Research raised the stock price target of Plains GP Holdings LP (NYSE:PAGP) to $15.00 indicating a possible upside of 0.13%.
Recent Performance Chart
Plains GP Holdings LP has PE ratio of 23.90 with a one year low of $4.72 and a one year high of $18.89 and has a market capitalization of $0.
A total of 22 brokerages have issued a ratings update on Plains GP Holdings LP. Four brokerages rating the company a strong buy, three brokerages rating the company a buy, seventeen brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $10.70.
General Company Details For Plains GP Holdings LP (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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