Media coverage about Plains GP (NYSE:PAGP) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Plains GP earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 45.4157557405964 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Plains GP (PAGP) Now Covered by Analysts at Deutsche Bank (americanbankingnews.com)
- Plains GP (PAGP) Upgraded to “Buy” by Mizuho (americanbankingnews.com)
- Plains GP (PAGP) Upgraded at Zacks Investment Research (americanbankingnews.com)
- PAGP Crosses Above Average Analyst Target (nasdaq.com)
- Plains GP Holdings (PAGP) Sees Large Growth in Short Interest (americanbankingnews.com)
Shares of Plains GP stock opened at $24.50 on Friday. The company has a market cap of $3,964.53, a price-to-earnings ratio of 37.69 and a beta of 1.25. Plains GP has a 12-month low of $18.98 and a 12-month high of $30.91. The company has a current ratio of 0.88, a quick ratio of 0.73 and a debt-to-equity ratio of 0.74.
Plains GP (NYSE:PAGP) last released its quarterly earnings data on Tuesday, February 6th. The pipeline company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.25). The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $4.91 billion. Plains GP had a positive return on equity of 0.73% and a negative net margin of 2.79%. research analysts forecast that Plains GP will post 1.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.90%. Plains GP’s payout ratio is currently 184.62%.
PAGP has been the subject of a number of analyst reports. Morgan Stanley raised shares of Plains GP from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a research report on Tuesday, February 13th. Seaport Global Securities raised shares of Plains GP from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 20th. Bank of America initiated coverage on shares of Plains GP in a research report on Tuesday, January 9th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Plains GP from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, Stifel Nicolaus raised shares of Plains GP from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $26.28.
In other Plains GP news, Director Oscar K. Brown acquired 7,100 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were purchased at an average price of $22.51 per share, for a total transaction of $159,821.00. Following the completion of the purchase, the director now directly owns 7,100 shares of the company’s stock, valued at $159,821. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 16.80% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Affect Plains GP (PAGP) Share Price” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.thelincolnianonline.com/2018/04/20/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-plains-gp-pagp-share-price.html.
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.
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