Plains GP (NYSE:PAGP) PT Raised to $22.00 at Stifel Nicolaus

Plains GP (NYSE:PAGP) had its price objective raised by investment analysts at Stifel Nicolaus from $18.00 to $22.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 20.42% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Plains GP from $14.50 to $16.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. StockNews.com raised shares of Plains GP from a “hold” rating to a “buy” rating in a research report on Monday, March 4th. UBS Group upped their price objective on shares of Plains GP from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Scotiabank started coverage on shares of Plains GP in a research report on Monday, April 8th. They issued a “sector outperform” rating and a $23.00 price objective for the company. Finally, Barclays upped their price objective on shares of Plains GP from $16.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.55.

Plains GP Trading Up 0.2 %

NYSE:PAGP opened at $18.27 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 17.91 and a beta of 1.55. The firm has a fifty day simple moving average of $17.68 and a two-hundred day simple moving average of $16.56. Plains GP has a 12 month low of $12.59 and a 12 month high of $19.77.

Plains GP (NYSE:PAGP) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.88 billion. Plains GP had a net margin of 0.41% and a return on equity of 1.33%. Analysts expect that Plains GP will post 1.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAGP. Geneos Wealth Management Inc. lifted its stake in shares of Plains GP by 60.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,445 shares of the pipeline company’s stock valued at $39,000 after buying an additional 1,300 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Plains GP by 63.2% during the 3rd quarter. Spire Wealth Management now owns 2,538 shares of the pipeline company’s stock valued at $41,000 after buying an additional 983 shares in the last quarter. Rational Advisors LLC purchased a new stake in shares of Plains GP during the 3rd quarter valued at approximately $43,000. Mather Group LLC. purchased a new stake in shares of Plains GP during the 1st quarter valued at approximately $44,000. Finally, Allworth Financial LP purchased a new stake in shares of Plains GP during the 3rd quarter valued at approximately $48,000. 88.30% of the stock is currently owned by hedge funds and other institutional investors.

Plains GP Company Profile

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks.