Plains Group Holdings L.P. (PAGP) : Traders are bullish on Plains Group Holdings L.P. (PAGP) as it has outperformed the S&P 500 by a wide margin of 9.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.98% in the last 1 week, and is up 11.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Plains Group Holdings L.P. (NYSE:PAGP): The stock opened at $10.86 on Friday but the bulls could not build on the opening and the stock topped out at $10.91 for the day. The stock traded down to $10.57 during the day, due to lack of any buying support eventually closed down at $10.83 with a loss of -0.18% for the day. The stock had closed at $10.85 on the previous day. The total traded volume was 2,496,495 shares.
The stock has recorded a 20-day Moving Average of 1.62% and the 50-Day Moving Average is 5.36%. Plains GP Holdings, L.P. is up 20.95% in the last 3-month period. Year-to-Date the stock performance stands at 23.26%.
Plains Group Holdings L.P. (PAGP) : Currently there are 14 street experts covering Plains Group Holdings L.P. (PAGP) stock. The most bullish and bearish price target for the stock is $13 and $9 respectively for the short term. The average price target of all the analysts comes to $11.13. The estimated standard deviation from the target is $1.17.
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.