Press coverage about Plains Group Holdings, L.P. (NYSE:PAGP) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Plains Group Holdings, L.P. earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 45.4902448944834 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

PAGP has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on Plains Group Holdings, L.P. from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. UBS AG upgraded Plains Group Holdings, L.P. from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Raymond James Financial, Inc. upgraded Plains Group Holdings, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, May 22nd. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and set a $32.00 price objective on shares of Plains Group Holdings, L.P. in a report on Wednesday, May 24th. Finally, Deutsche Bank AG cut their price objective on Plains Group Holdings, L.P. from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.28.

Plains Group Holdings, L.P. (PAGP) opened at 21.17 on Tuesday. The firm’s 50-day moving average price is $24.37 and its 200 day moving average price is $28.07. Plains Group Holdings, L.P. has a 1-year low of $19.60 and a 1-year high of $36.59. The stock’s market cap is $3.25 billion.

Plains Group Holdings, L.P. (NYSE:PAGP) last released its earnings results on Monday, August 7th. The pipeline company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.04. The business had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.02 billion. Plains Group Holdings, L.P. had a net margin of 0.34% and a return on equity of 0.69%. The business’s revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. Equities research analysts expect that Plains Group Holdings, L.P. will post $1.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 10.39%. The ex-dividend date was Thursday, July 27th. Plains Group Holdings, L.P.’s dividend payout ratio is presently 333.50%.

In other Plains Group Holdings, L.P. news, Chairman Greg L. Armstrong bought 50,000 shares of Plains Group Holdings, L.P. stock in a transaction dated Wednesday, June 21st. The stock was bought at an average cost of $23.41 per share, with a total value of $1,170,500.00. Following the completion of the acquisition, the chairman now directly owns 650,625 shares in the company, valued at approximately $15,231,131.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Everardo Goyanes bought 20,000 shares of Plains Group Holdings, L.P. stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average cost of $21.25 per share, with a total value of $425,000.00. Following the completion of the acquisition, the director now owns 42,305 shares of the company’s stock, valued at $898,981.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 122,500 shares of company stock valued at $2,724,700. 39.93% of the stock is currently owned by corporate insiders.

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About Plains Group Holdings, L.P.

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Through its three business segments, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas.

Insider Buying and Selling by Quarter for Plains Group Holdings, L.P. (NYSE:PAGP)

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