Plains Group Holdings L.P. (PAGP) has risen sharply, recording gains of 8.95% in the past 4 weeks. However, the stock has corrected -1.78% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.17% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.48% and the fifty day Moving Average is 7.97%. Plains GP Holdings, L.P. is up 30.93% in the last three month period. Year-to-Date the stock performance stands at 31.68%.
Plains Group Holdings L.P. (PAGP) : 14 investment research analysts covering Plains Group Holdings L.P. (PAGP) have an average price target of $11.59 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $9 for the short term. Analysts expect the variance to be within $1.36 of the average price.
Plains Group Holdings L.P. (NYSE:PAGP): stock turned positive on Friday. Though the stock opened at $11.45, the bulls momentum made the stock top out at $11.75 level for the day. The stock recorded a low of $11.41 and closed the trading day at $11.57, in the green by 1.22%. The total traded volume for the day was 1,366,675. The stock had closed at $11.43 in the previous days trading.
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.