Plains GP (NYSE:PAGP) has been given a $22.00 price target by equities researchers at Robert W. Baird in a report issued on Wednesday. The brokerage currently has a “hold” rating on the pipeline company’s stock. Robert W. Baird’s price objective points to a potential upside of 3.58% from the company’s previous close.

Several other research analysts have also issued reports on the company. ValuEngine lowered Plains GP from a “hold” rating to a “sell” rating in a research report on Thursday. BMO Capital Markets set a $25.00 target price on Plains GP and gave the company a “buy” rating in a research report on Tuesday, October 17th. Barclays lowered Plains GP from an “overweight” rating to an “equal weight” rating and set a $26.00 target price for the company. in a research report on Wednesday, January 17th. Stifel Nicolaus boosted their target price on Plains GP from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, Bank of America started coverage on Plains GP in a research report on Tuesday, January 9th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Plains GP has a consensus rating of “Hold” and a consensus target price of $25.88.

Plains GP (PAGP) opened at $21.24 on Wednesday. The company has a market capitalization of $6,130.00, a PE ratio of -4.58 and a beta of 1.42. Plains GP has a 12-month low of $18.98 and a 12-month high of $33.66. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.00 and a quick ratio of 0.78.

Plains GP (NYSE:PAGP) last released its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.03 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 analysts’ expectations of $5.71 billion. Plains GP had a positive return on equity of 0.73% and a negative net margin of 2.79%. The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. analysts expect that Plains GP will post 1.66 EPS for the current year.

Several institutional investors have recently bought and sold shares of PAGP. Alliancebernstein L.P. raised its stake in shares of Plains GP by 4.1% during the second quarter. Alliancebernstein L.P. now owns 32,096 shares of the pipeline company’s stock valued at $840,000 after acquiring an additional 1,277 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Plains GP by 5.3% during the second quarter. Ameriprise Financial Inc. now owns 69,788 shares of the pipeline company’s stock valued at $1,826,000 after acquiring an additional 3,541 shares in the last quarter. Northern Trust Corp raised its stake in shares of Plains GP by 53.0% during the second quarter. Northern Trust Corp now owns 346,201 shares of the pipeline company’s stock valued at $9,057,000 after acquiring an additional 119,906 shares in the last quarter. FMR LLC raised its stake in shares of Plains GP by 149.6% during the second quarter. FMR LLC now owns 60,400 shares of the pipeline company’s stock valued at $1,580,000 after acquiring an additional 36,200 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Plains GP by 2.1% during the second quarter. California Public Employees Retirement System now owns 229,240 shares of the pipeline company’s stock valued at $5,997,000 after acquiring an additional 4,800 shares in the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.

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Plains GP 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.

Analyst Recommendations for Plains GP (NYSE:PAGP)

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