The highest analyst price target is $17.00, which implies a gain of 44 percent. The stock recorded a low of $26.79 and closed the trading day at $27.32, in the green by 1.83%.
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Other hedge funds and institutional investors recently made changes to their positions in the company.
Under terms of the deal, PAA will permanently eliminate so-called incentive distribution rights that entitle general partner Plains AAP, a controlled affiliate of Plains GP Holdings PAGP.N, to receive an outsized share of PAA’s cash flow. Trexquant Investment LP bought a new position in shares of Plains GP Holdings during the fourth quarter valued at $3,086,000. Plains GP Holdings has a 1-year low of $4.72 and a 1-year high of $26.64. Bank of Montreal Can now owns 1,120,608 shares of the company’s stock worth $10,590,000 after buying an additional 985,881 shares during the period. (NYSE:PAA) opened at 29.65 on Wednesday.
Plains Group Holdings L.P. (PAGP) has an average broker rating of 2.85, which is interpreted as a Hold, as rated by 20 equity analysts.
Plains All American Pipeline, L.P. has a market capital of 11800.7 at the moment and a profit to earnings ratio of 60.14.
Plains Group Holdings L.P. (NYSE:PAGP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. During the same quarter in the previous year, the company posted $0.14 EPS. Plains GP Holdings’s revenue was down 30.8% compared to the same quarter past year. And roundups of analyst notes show that 3 are rating the stock a buy while 4 rate PAGP a strong buy. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $12, however, the pessimist price target for the company is $5.
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The return on assets for Plains All American Pipeline, L.P. stands at 0.90%, (ROA – calculated by dividing the total annual earnings by the company’s total assets – illustrates how profitable a company really is in relation to its total assets). They set an “equal weight” rating and a $23.00 price objective for the company. Finally, Simmons started coverage on shares of Plains All American Pipeline L.P.in a report on Friday, April 1st. 2 said it’s a Buy, 18 assigned Hold rating where 1 stated the stock as Underperform and 1 marked the stock as Sell. The stock now has a consensus rating of “Hold” and an average price target of $28.53. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAAs operational segments include 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.
