For its second fiscal quarter (ending June 30), Plains GP Holdings LP (NASDAQ: PAGP) has reported E.P.S. of $0.20 compared to $0.25 a year ago. E.P.S. were $0.83 for the latest four quarters through June 30 versus $1.19 for the same period a year ago.
Recent Price Action
Plains GP Holdings LP (NASDAQ: PAGP) stock declined by -3.1% on 8/2/24. The shares closed at $18.40. Moreover, trading volume in this decline was above average at 136% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.1% 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 60, triggering the Low Neutral Value Trend Rating.
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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