Plains GP Holdings LP (NASDAQ: PAGP) has reported earnings for its first fiscal quarter (ending March 31) of $0.21 versus $0.35 for the same period a year ago — a decline of -40%. For the latest four quarters through March 31, E.P.S. were $0.88 versus $1.10 for the same period a year ago — a decline of -20%.
Recent Price Action
Plains GP Holdings LP (NASDAQ: PAGP) stock closed at $18.40 on 5/3/24 after an increase of 1.9%. Moreover, unusually high trading volume at 159% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -2.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PAGP is expected to continue to be a major Value Builder.
Plains GP Holdings has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Plains GP Holdings has a poor Appreciation Score of 30 but a slightly positive Power Rating of 61, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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