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Zacks Investment Research downgraded Plains GP Holdings LP (NYSE:PAGP) to Strong Sell in a report released today.

Zacks Investment Research has downgraded Plains GP Holdings LP (NYSE:PAGP) to Strong Sell in a report released on 6/22/2017.

Previously on Thursday May 25, 2017, BMO Capital Markets reported about Plains GP Holdings LP (NYSE:PAGP) raised the target price from $0.00 to $32.00. At the time, this indicated a possible upside of 0.17%.

Yesterday Plains GP Holdings LP (NYSE:PAGP) traded 0.92% higher at $23.39. The company’s 50-day moving average is $23.09 and its 200-day moving average is $27.29. The last stock close price is down -15.66% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 2,048,596 shares of the stock were exchanged, up from an average trading volume of 1,891,250

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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 Plains GP Holdings LP’s market capitalization is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 22 brokerages have issued a research note on the stock. The consensus target price is $10.70 with 4 brokers rating the stock a strong buy, three analysts rating the company a buy, seventeen analysts rating the company a hold, zero analysts rating the company a underperform, and lastly one analyst rating the company a sell.

General Company Details For 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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