For its third fiscal quarter (ending September 30), Plains GP Holdings LP (NASDAQ: PAGP) has reported a 13% increase in E.P.S. from $0.15 a year ago to $0.17 in the current quarter. However, this performance was $-0.19 short of the consensus estimate of $0.37. E.P.S. were $0.85 for the latest four quarters through September 30 versus $0.98 for the same period a year ago — a decline of -13%.
Recent Price Action
Plains GP Holdings LP (NASDAQ: PAGP) stock closed at $18.27 on 11/8/24 after a decline of -2.9%. Moreover, exceptionally high trading volume at 209% of normal accompanied the decline. The stock has risen 6.2% during the last week and has performed in line with the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Plains GP Holdings has a slightly negative Appreciation Score of 36 and a neutral Power Rating of 54, producing 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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