News coverage about Plains Group Holdings, L.P. (NYSE:PAGP) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 45.3575457738962 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

Shares of Plains Group Holdings, L.P. (NYSE:PAGP) opened at 21.09 on Friday. Plains Group Holdings, L.P. has a one year low of $14.44 and a one year high of $36.09. The company’s market capitalization is $3.23 billion. The company’s 50 day moving average is $25.83 and its 200 day moving average is $28.98.

Plains Group Holdings, L.P. (NYSE:PAGP) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company 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 return on equity of 0.69% and a net margin of 0.34%. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. Equities research analysts predict that Plains Group Holdings, L.P. will post $1.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 10.43%. The ex-dividend date of this dividend is Thursday, July 27th. Plains Group Holdings, L.P.’s dividend payout ratio (DPR) is 333.50%.

PAGP has been the topic of a number of recent research reports. Jefferies Group LLC lowered shares of Plains Group Holdings, L.P. from a “buy” rating to a “hold” rating and raised their price target for the stock from $12.00 to $27.00 in a research report on Friday, April 21st. Macquarie reissued an “outperform” rating and issued a $37.00 target price on shares of Plains Group Holdings, L.P. in a report on Friday, April 21st. Wolfe Research reissued a “market perform” rating on shares of Plains Group Holdings, L.P. in a report on Friday, April 21st. Zacks Investment Research lowered shares of Plains Group Holdings, L.P. from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, Stifel Nicolaus decreased their target price on shares of 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. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Plains Group Holdings, L.P. currently has an average rating of “Hold” and a consensus price target of $28.22.

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In related news, Chairman Greg L. Armstrong acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average cost of $21.53 per share, for a total transaction of $1,076,500.00. Following the completion of the transaction, the chairman now owns 700,625 shares in the company, valued at $15,084,456.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Everardo Goyanes acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was bought at an average price of $21.25 per share, for a total transaction of $425,000.00. Following the completion of the transaction, the director now owns 42,305 shares of the company’s stock, valued at approximately $898,981.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 120,000 shares of company stock worth $2,672,000. 39.93% of the stock is owned by company insiders.

Plains Group Holdings, L.P. Company Profile

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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