Plains Group Holdings, L.P. (NYSE:PAGP) had its price target raised by Stifel Nicolaus from $21.00 to $22.00 in a report issued on Wednesday. The firm presently has a “hold” rating on the pipeline company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 1.15% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Scotiabank set a $37.00 price target on Plains Group Holdings, L.P. and gave the company a “hold” rating in a research report on Friday, July 21st. Robert W. Baird cut Plains Group Holdings, L.P. from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $23.00 in a research report on Tuesday, August 8th. BidaskClub cut Plains Group Holdings, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research cut Plains Group Holdings, L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays PLC upgraded Plains Group Holdings, L.P. from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $32.00 to $31.00 in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $27.18.

Plains Group Holdings, L.P. (PAGP) traded down $0.28 during trading on Wednesday, hitting $21.75. The stock had a trading volume of 485,746 shares, compared to its average volume of 1,780,158. Plains Group Holdings, L.P. has a fifty-two week low of $18.98 and a fifty-two week high of $36.09. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.94 and a quick ratio of 0.69. The stock has a market cap of $3,209.35, a P/E ratio of 46.47 and a beta of 1.48.

Plains Group Holdings, L.P. (NYSE:PAGP) last issued its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.20). The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.71 billion. Plains Group Holdings, L.P. had a net margin of 0.25% and a return on equity of 0.50%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. sell-side analysts forecast that Plains Group Holdings, L.P. will post 1.32 earnings per share for the current year.

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In other news, EVP Richard K. Mcgee purchased 2,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $21.08 per share, for a total transaction of $52,700.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 39.93% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd grew its holdings in shares of Plains Group Holdings, L.P. by 87.9% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 86,153 shares of the pipeline company’s stock worth $1,884,000 after acquiring an additional 40,304 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Plains Group Holdings, L.P. by 50.0% in the 3rd quarter. Macquarie Group Ltd. now owns 18,000 shares of the pipeline company’s stock worth $393,000 after acquiring an additional 6,000 shares during the period. Quantbot Technologies LP grew its holdings in shares of Plains Group Holdings, L.P. by 111.7% in the 3rd quarter. Quantbot Technologies LP now owns 61,356 shares of the pipeline company’s stock worth $1,341,000 after acquiring an additional 32,371 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Plains Group Holdings, L.P. by 67.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 86,509 shares of the pipeline company’s stock worth $1,892,000 after acquiring an additional 34,718 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Plains Group Holdings, L.P. by 179.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 36,135 shares of the pipeline company’s stock worth $790,000 after acquiring an additional 23,213 shares during the period. Institutional investors and hedge funds own 82.41% of the company’s stock.

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.

Analyst Recommendations for Plains Group Holdings, L.P. (NYSE:PAGP)

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