Plains Group Holdings L.P. (PAGP) : 20 analysts are covering Plains Group Holdings L.P. (PAGP) and their average rating on the stock is 2.65, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Plains Group Holdings L.P. (PAGP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Plains Group Holdings L.P. (PAGP) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $5. The average forecast of all the analysts is $10.17 and the expected standard deviation is $2.61.
Plains Group Holdings L.P. (NYSE:PAGP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.09 and $9.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.24, notching a gain of 0.99% for the day. The total traded volume was 2,177,940 . The stock had closed at $10.14 on the previous day.
Also, Equity Analysts at the Brokerage Firm, UBS, upgrades their rating on the shares of Plains Group Holdings L.P. (NYSE:PAGP). UBS has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 30, 2016. The company shares have dropped -59.79% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $26.64 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $10.20 and the 200 Day Moving Average price is recorded at $8.77.
Plains GP Holdings, L.P. (PAGP), owns an interest in the general partner and incentive distribution rights 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. PAAs operational segments include Transportation, Facilities, and Supply and Logistics. 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, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.