Plains Group Holdings L.P. (NYSE:PAGP) : The consensus price target for Plains Group Holdings L.P. (NYSE:PAGP) is $10.17 for the short term with a standard deviation of $2.61. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $5.
Other Equity analysts have also commented on the company shares. SunTrust Robinson Humphrey initiates coverage on Plains Group Holdings L.P. (NYSE:PAGP).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, SunTrust Robinson Humphrey announces the price target of $12 per share. The rating by the firm was issued on June 15, 2016.
Plains Group Holdings L.P. (NYSE:PAGP): stock turned positive on Thursday. Though the stock opened at $10.82, the bulls momentum made the stock top out at $11.03 level for the day. The stock recorded a low of $10.65 and closed the trading day at $11.03, in the green by 2.99%. The total traded volume for the day was 3,363,201. The stock had closed at $10.71 in the previous days trading.
The company shares have dropped -60.19% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $27.37 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $9.96 and the 200 Day Moving Average price is recorded at $8.67. On the companys insider trading activities, Armstrong Greg L, CEO of Plains Gp Holdings Lp, executed a transaction worth $5,860,000 on February 10, 2016. A total of 1,000,000 shares were purchased at an average price of $5.86. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.