Plains Group Holdings, L.P. (NYSE: PAGP) recently received a number of ratings updates from brokerages and research firms:

  • 9/6/2017 – Plains Group Holdings, L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “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. “
  • 9/2/2017 – Plains Group Holdings, L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/1/2017 – Plains Group Holdings, L.P. was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/28/2017 – Plains Group Holdings, L.P. was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $25.00 price target on the stock, up previously from $22.00.
  • 8/28/2017 – Plains Group Holdings, L.P. was upgraded by analysts at UBS AG from an “outperform” rating to a “strong-buy” rating.
  • 8/28/2017 – Plains Group Holdings, L.P. was upgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “buy” rating. They now have a $24.00 price target on the stock.
  • 8/28/2017 – Plains Group Holdings, L.P. was given a new $22.00 price target on by analysts at Bank of America Corporation. They now have a “hold” rating on the stock.
  • 8/28/2017 – Plains Group Holdings, L.P. was given a new $21.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 8/21/2017 – Plains Group Holdings, L.P. was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock, down previously from $27.00.
  • 8/18/2017 – Plains Group Holdings, L.P. had its price target lowered by analysts at BMO Capital Markets from $32.00 to $22.00. They now have a “market perform” rating on the stock.
  • 8/16/2017 – Plains Group Holdings, L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/10/2017 – Plains Group Holdings, L.P. had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $28.00 price target on the stock, down previously from $33.50.
  • 8/9/2017 – Plains Group Holdings, L.P. was given a new $24.00 price target on by analysts at Raymond James Financial, Inc.. They now have a “buy” rating on the stock.
  • 8/9/2017 – Plains Group Holdings, L.P. had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $26.00 price target on the stock, down previously from $30.00.
  • 8/8/2017 – Plains Group Holdings, L.P. was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $23.00 price target on the stock, down previously from $36.00.
  • 8/8/2017 – Plains Group Holdings, L.P. was given a new $26.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 8/8/2017 – Plains Group Holdings, L.P. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/7/2017 – Plains Group Holdings, L.P. was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 8/3/2017 – Plains Group Holdings, L.P. is now covered by analysts at Bank of America Corporation. They set a “neutral” rating and a $29.00 price target on the stock.
  • 7/31/2017 – Plains Group Holdings, L.P. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/28/2017 – Plains Group Holdings, L.P. was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “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. “
  • 7/21/2017 – Plains Group Holdings, L.P. was given a new $37.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 7/19/2017 – Plains Group Holdings, L.P. had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $30.00 price target on the stock.
  • 7/18/2017 – Plains Group Holdings, L.P. was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $31.00 price target on the stock, down previously from $32.00.
  • 7/14/2017 – Plains Group Holdings, L.P. had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock, down previously from $36.00.

Plains Group Holdings, L.P. (NYSE PAGP) opened at 22.81 on Tuesday. The stock has a 50 day moving average price of $23.10 and a 200-day moving average price of $27.33. Plains Group Holdings, L.P. has a one year low of $19.60 and a one year high of $36.59. The firm’s market capitalization is $3.50 billion.

Plains Group Holdings, L.P. (NYSE:PAGP) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.02 billion. Plains Group Holdings, L.P. had a return on equity of 0.69% and a net margin of 0.34%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. On average, analysts predict that Plains Group Holdings, L.P. will post $1.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date was Thursday, July 27th. Plains Group Holdings, L.P.’s dividend payout ratio (DPR) is 333.50%.

In other news, EVP Richard K. Mcgee bought 2,500 shares of Plains Group Holdings, L.P. stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $21.08 per share, with a total value of $52,700.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 purchased 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 directly owns 42,305 shares in the company, valued at approximately $898,981.25. The disclosure for this purchase can be found here. Insiders have acquired a total of 122,500 shares of company stock valued at $2,724,700 over the last ninety days. 39.93% of the stock is owned by company insiders.

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.

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