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Raymond James Financial, Inc. upgraded Plains GP Holdings LP (NYSE:PAGP) to Outperform in a report released today.

Yesterday Plains GP Holdings LP (NYSE:PAGP) traded 1.12% higher at $28.23. The company’s 50-day moving average is $22.11 and its 200-day moving average is $25.91. The last stock close price is up -14.54% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 14,484 shares of the stock were exchanged, down from an average trading volume of 1,950,690

Raymond James Financial, Inc. has upgraded Plains GP Holdings LP (NYSE:PAGP) to Outperform in a report released on 5/22/2017.

Previously on 05/10/2017, Stifel Nicolaus reported about Plains GP Holdings LP (NYSE:PAGP) lowered the target price from $34.00 to $30.00. At the time, this indicated a possible upside of 0.09%.

See Chart Below

Plains GP Holdings LP (NYSE:PAGP)

Plains GP Holdings LP has a 52 week low of $14.44 and a 52 week high of $36.09 The company’s market cap is currently $0.

In addition to Raymond James Financial, Inc. reporting its stock price target, a total of 22 firms have reported on the stock. The consensus target price is $10.70 with 4 brokers rating the stock a strong buy, three equity analysts rating the company a buy, seventeen brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly one analyst rating the company a sell.

More About Plains GP Holdings LP (NYSE:PAGP)

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates 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 Transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The Facilities segment operations consist of fee-based activities associated with providing storage, terminaling and throughput services for crude oil, refined products, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. The Supply and Logistics segment operations consist of the merchant-related activities.

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