Is Plains GP Holdings LP a Buy? The Stock Had Bullish Options Activity Today

 Is Plains GP Holdings LP a Buy? The Stock Had Bullish Options Activity Today

In today’s session Plains GP Holdings LP (PAGP) registered an unusually high (2,334) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PAGP increase. With 2,334 contracts traded and 42404 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PAGP161118C00013000 closed last at: $1.05 or 50% up. About 202,252 shares traded hands. Plains GP Holdings LP (NYSE:PAGP) has risen 70.76% since March 4, 2016 and is uptrending. It has outperformed by 62.72% the S&P500.

Analysts await Plains GP Holdings LP (NYSE:PAGP) to report earnings on November, 1. They expect $0.19 EPS, up 35.71% or $0.05 from last year’s $0.14 per share. PAGP’s profit will be $114.90 million for 17.14 P/E if the $0.19 EPS becomes a reality. After $0.15 actual EPS reported by Plains GP Holdings LP for the previous quarter, Wall Street now forecasts 26.67% EPS growth.

Plains GP Holdings LP (NYSE:PAGP) Ratings Coverage

Out of 18 analysts covering Plains GP Holdings LP (NYSE:PAGP), 5 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 28% are positive. $29 is the highest target while $8 is the lowest. The $13.83 average target is 6.14% above today’s ($13.03) stock price. Plains GP Holdings LP has been the topic of 34 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Plains GP Holdings LP (NYSE:PAGP) on Thursday, November 5 with “Buy” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, November 5 report. Morgan Stanley maintained Plains GP Holdings LP (NYSE:PAGP) on Thursday, May 26 with “Equal-Weight” rating. The firm earned “Neutral” rating on Friday, April 1 by Piper Jaffray. The stock of Plains GP Holdings LP (NYSE:PAGP) earned “Sector Perform” rating by Howard Weil on Monday, August 24. Robert W. Baird downgraded the stock to “Underperform” rating in Monday, February 8 report. The firm has “Neutral” rating by Suntrust Robinson given on Wednesday, June 15. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 6 report. As per Wednesday, January 13, the company rating was downgraded by JP Morgan. On Wednesday, January 13 the stock rating was downgraded by Stifel Nicolaus to “Hold”.

According to Zacks Investment Research, “Plains GP Holdings, L.P. operates as a holding company. The Company, through its subsidiaries, is involved in the transportation, storage, terminalling, and marketing of crude oil and refined products. It also focuses on the processing, transportation, fractionation, storage, and marketing of natural gas liquids, including ethane and natural gasoline products, as well as propane and butane products. Plains GP Holdings, L.P. is based in Houston, Texas.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.32, from 1.36 in 2016Q1. The ratio worsened, as 28 funds sold all Plains GP Holdings LP shares owned while 78 reduced positions. 31 funds bought stakes while 79 increased positions. They now own 192.38 million shares or 4.39% less from 201.21 million shares in 2016Q1.
Hartford Finance Mngmt accumulated 0.17% or 27,200 shares. Homrich & Berg accumulated 0.09% or 86,594 shares. Kbc Group Incorporated Nv has 0% invested in the company for 8,245 shares. Lpl Financial Ltd Llc accumulated 116,858 shares or 0.01% of the stock. Commonwealth National Bank & Trust Of has 0% invested in the company for 1,000 shares. Tide Point Capital Mngmt L P holds 1.78% of its portfolio in Plains GP Holdings LP (NYSE:PAGP) for 2.25M shares. Moreover, Sterneck Cap Mgmt Ltd Llc has 0.01% invested in Plains GP Holdings LP (NYSE:PAGP) for 15,000 shares. Credit Suisse Ag accumulated 1.15M shares or 0.01% of the stock. Gam Hldg Ag reported 22,317 shares or 0% of all its holdings. Teachers Inc, a New York-based fund reported 1.63M shares. Millennium Ltd Company accumulated 0.01% or 286,126 shares. Old West Inv Mngmt Limited Co accumulated 225,000 shares or 1.71% of the stock. Westwood Group Inc holds 0% of its portfolio in Plains GP Holdings LP (NYSE:PAGP) for 1,765 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 59,885 shares in its portfolio. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Plains GP Holdings LP (NYSE:PAGP).

Plains GP Holdings, L.P. owns an interest in the general partner and incentive distribution rights (IDRs) of Plains All American Pipeline, L.P (PAA). The company has a market cap of $7.88 billion. The Firm has no separate operating activities apart from those conducted by PAA. It has a 23.95 P/E ratio. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products.

PAGP Company Profile

Plains GP Holdings, L.P. (PAGP), incorporated on July 17, 2013, owns an interest in the general partner and incentive distribution rights (IDRs) of Plains All American Pipeline, L.P (PAA). The Firm 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. PAA conducts its activities through three divisions: Transportation, Facilities, and Supply and Logistics. Through its three business divisions, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas. The majority of its activities are focused on crude oil, which is the principal feedstock used by refineries in the production of transportation fuels.

More news for Plains GP Holdings LP (NYSE:PAGP) were recently published by: Businesswire.com, which released: “Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions” on September 30, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Plains GP Holdings, Enterprise Products Partners and …” and published on July 25, 2016 is yet another important article.

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