Plains GP (PAGP) Getting Somewhat Positive News Coverage, Analysis Shows

News articles about Plains GP (NYSE:PAGP) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Plains GP earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 45.4179399382327 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s analysis:

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Shares of Plains GP stock opened at $25.02 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.73. The stock has a market capitalization of $3,928.42, a P/E ratio of 38.49 and a beta of 1.25. Plains GP has a fifty-two week low of $18.98 and a fifty-two week high of $30.91.

Plains GP (NYSE:PAGP) last announced its quarterly earnings data on Tuesday, February 6th. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.25). The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $4.91 billion. Plains GP had a negative net margin of 2.79% and a positive return on equity of 0.73%. equities research analysts anticipate that Plains GP will post 1.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Monday, April 30th. Plains GP’s dividend payout ratio (DPR) is presently 184.62%.

Several research analysts recently commented on the company. Wolfe Research cut Plains GP from a “market perform” rating to an “underperform” rating in a research note on Tuesday. Deutsche Bank assumed coverage on Plains GP in a research note on Thursday, April 19th. They issued a “buy” rating and a $29.00 price target on the stock. Barclays cut Plains GP from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a research note on Wednesday, January 17th. SunTrust Banks upgraded Plains GP from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Monday, April 9th. Finally, Credit Suisse Group assumed coverage on Plains GP in a research note on Thursday, January 4th. They issued an “outperform” rating and a $25.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Plains GP presently has a consensus rating of “Buy” and an average target price of $25.65.

In related news, Director Oscar K. Brown bought 7,100 shares of the stock in a transaction dated Thursday, February 15th. The stock was bought at an average cost of $22.51 per share, with a total value of $159,821.00. Following the completion of the acquisition, the director now owns 7,100 shares of the company’s stock, valued at $159,821. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.80% of the stock is currently owned by corporate insiders.

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Plains GP Company Profile

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, trucks, and barges.

Insider Buying and Selling by Quarter for Plains GP (NYSE:PAGP)

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