The stock of Plains GP Holdings LP (NYSE:PAGP) is a huge mover today! About 1.54 million shares traded hands or 66.67% up from the average. Plains GP Holdings LP (NYSE:PAGP) has risen 19.25% since April 27, 2016 and is uptrending. It has outperformed by 14.02% the S&P500.
The move comes after 8 months positive chart setup for the $8.17B company. It was reported on Nov, 30 by Barchart.com. We have $35.68 PT which if reached, will make NYSE:PAGP worth $245.10M more.
Analysts await Plains GP Holdings LP (NYSE:PAGP) to report earnings on February, 13. They expect $0.60 EPS, up 106.90% or $0.31 from last year’s $0.29 per share. PAGP’s profit will be $141.51M for 14.43 P/E if the $0.60 EPS becomes a reality. After $0.24 actual EPS reported by Plains GP Holdings LP for the previous quarter, Wall Street now forecasts 150.00% EPS growth.
Plains GP Holdings LP (NYSE:PAGP) Ratings Coverage
Out of 19 analysts covering Plains GP Holdings LP (NYSE:PAGP), 6 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 32% are positive. Plains GP Holdings LP has been the topic of 37 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was upgraded by Wells Fargo to “Outperform” on Wednesday, October 5. As per Monday, February 8, the company rating was downgraded by Robert W. Baird. As per Wednesday, June 15, the company rating was initiated by SunTrust. The firm has “Hold” rating by Wunderlich given on Wednesday, August 31. The rating was downgraded by Stifel Nicolaus to “Hold” on Wednesday, January 13. On Monday, October 10 the stock rating was upgraded by Deutsche Bank to “Buy”. Stifel Nicolaus maintained Plains GP Holdings LP (NYSE:PAGP) on Thursday, November 17 with “Hold” rating. The stock of Plains GP Holdings LP (NYSE:PAGP) has “Outperform” rating given on Tuesday, August 11 by Oppenheimer. The stock of Plains GP Holdings LP (NYSE:PAGP) has “Buy” rating given on Thursday, August 6 by Stifel Nicolaus. The stock has “Neutral” rating given by Robert W. Baird on Thursday, August 6.
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 increased to 1.34 in Q2 2016. Its up 0.30, from 1.04 in 2016Q1. The ratio increased, 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.
Center Coast Cap Advsr L P holds 193,793 shares or 0.06% of its portfolio. Cibc Asset has 0% invested in the company for 19,701 shares. Mountain Lake Mgmt owns 500,000 shares or 3.14% of their US portfolio. First Eagle Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Wells Fargo And Mn has 0% invested in the company for 193,177 shares. Kcg Hldgs holds 0.01% or 40,284 shares in its portfolio. Toronto Dominion Financial Bank owns 1,387 shares or 0% of their US portfolio. Credit Agricole S A has 0% invested in the company for 4,009 shares. Yorkville Mgmt Ltd Liability Com holds 0.46% or 41,814 shares in its portfolio. British Columbia Inv Management Corporation holds 0.02% or 215,513 shares in its portfolio. Moreover, Torray Ltd Liability Co has 0.02% invested in Plains GP Holdings LP (NYSE:PAGP) for 27,475 shares. Homrich Berg holds 0.09% of its portfolio in Plains GP Holdings LP (NYSE:PAGP) for 86,594 shares. Old West Inv Mgmt Ltd Liability Corporation holds 1.71% or 225,000 shares in its portfolio. Salient Tru Lta accumulated 149,208 shares or 0.17% of the stock. Security National Trust last reported 0% of its portfolio in the stock.
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 Successful …” on July 11, 2016. Businesswire.com‘s article titled: “Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of …” and published on October 03, 2016 is yet another important article.
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.