Plains Group Holdings L.P. (NYSE: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 GP Holdings, L.P. has dropped 5.44% in the last five trading days, however, the shares have posted positive gains of 4.61% in the last 4 weeks. Plains GP Holdings, L.P. is up 28.63% in the last 3-month period. Year-to-Date the stock performance stands at 16.17%. Also, SunTrust Robinson Humphrey initiates coverage on Plains Group Holdings L.P. (NYSE:PAGP) . The global brokerage major announces a current price target of $12 per share. Analysts at the SunTrust Robinson Humphrey have a current rating of Neutral on the shares. The rating by the firm was issued on June 15, 2016.
Plains Group Holdings L.P. (NYSE:PAGP) : 3 brokerage houses believe that Plains Group Holdings L.P. (NYSE:PAGP) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 14 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Plains Group Holdings L.P. (NYSE:PAGP). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Hold with a rating of 2.74.
Plains Group Holdings L.P. (NYSE:PAGP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.71 and $10.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.43, notching a gain of 0.29% for the day. The total traded volume was 2,970,785 . The stock had closed at $10.40 on the previous day.
In an insider trading activity, Armstrong Greg L, CEO of Plains Gp Holdings Lp had purchased 1,000,000 shares on February 10, 2016 in a transaction. The price per share was $5.86 and the total amount of the disclosed transaction was $5,860,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.