Somewhat Positive Media Coverage Somewhat Unlikely to Impact Plains GP (NYSE:PAGP) Share Price
News coverage about Plains GP (NYSE:PAGP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plains GP earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 45.1465623039229 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Plains GP (PAGP) Price Target Increased to $28.00 by Analysts at JPMorgan Chase & Co. (americanbankingnews.com)
- Energy Transfer Equity: Highest Leverage among Its Peers (finance.yahoo.com)
- Which General Partner Could Outperform Its Peers in 2018? (finance.yahoo.com)
- ETE, WMB, PAGP, and WGP: Gauging 2018 Distribution Guidance (finance.yahoo.com)
- Plains GP (PAGP) Upgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
Shares of Plains GP (NYSE:PAGP) traded down $0.10 during trading hours on Wednesday, hitting $23.04. The company had a trading volume of 267,810 shares, compared to its average volume of 1,627,382. The company has a quick ratio of 0.73, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a market cap of $6,730.00, a P/E ratio of 34.54 and a beta of 1.35. Plains GP has a 1 year low of $18.98 and a 1 year high of $32.24.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Tuesday, January 30th. Plains GP’s dividend payout ratio is currently 179.10%.
Several research analysts have recently commented on PAGP shares. Bank of America reduced their price target on Plains GP from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. Morgan Stanley upgraded Plains GP from an “equal weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Tuesday, February 13th. Robert W. Baird set a $22.00 price target on Plains GP and gave the stock a “hold” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded Plains GP from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Finally, Stifel Nicolaus upgraded Plains GP from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.11.
In other news, Director Oscar K. Brown bought 7,100 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 7,100 shares in the company, valued at approximately $159,821. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 39.93% of the company’s stock.
Plains GP Company Profile
Plains GP Holdings, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Through its three business segments, the Company is engaged in the transportation, storage, terminaling and marketing of crude oil, NGL and natural gas.
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