Insider Trading at Plains Group Holdings LP?

Share
Insider Trading at Plains Group Holdings LP?

Plains All American Pipeline, L.P. (PAA)'s average Piotroski F-Score: 6 during the last 7 years. Scotiabank's target price would suggest a potential upside of 76.44% from the stock's previous close.

A number of other equities analysts also recently commented on PAGP. Macquarie reiterated an "outperform" rating and issued a $37.00 target price on shares of Plains Group Holdings, L.P.in a report on Friday, April 21st. BidaskClub cut Plains Group Holdings, L.P. from a "buy" rating to a "hold" rating in a report on Tuesday. Additionally Plains Group Holdings, L.P. Cla declared a dividend for shareholders which will be paid on Monday the 14th of August 2017. Creative Planning's holdings in Plains Group Holdings, L.P. were worth $442,000 at the end of the most recent reporting period. Fourteen analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Plains Group Holdings, L.P. (NYSE:PAGP) opened at 20.97 on Friday. In this case, shares are 5.05% higher from $20.2, the worst price in 52 weeks suffered on August 08, 2017, but are collecting gains at -33.03% for the past six months. The firm has a 50-day moving average price of $26.00 and a 200 day moving average price of $29.44. Plains All American Pipeline, L.P. has a 12-month low of $20.00 and a 12-month high of $33.95. The company has a market capitalization of $3.19 billion, a P/E ratio of 50.29 and a beta of 1.48.

Plains All American Pipeline, L.P. (NYSE:PAA), maintained return on investment for the last twelve months at 5.26, higher than what Reuters data shows regarding industry's average. Comparatively, PAA posted earnings of $0.41 per share in the same quarter, a year earlier. The business had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.02 billion. Plains Group Holdings, L.P.'s revenue for the quarter was up 22.8% compared to the same quarter a year ago.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.

Plains All American Pipeline, L.P. (NYSE:PAA)'s share price hit a new 52-week low during mid-day trading on Tuesday following a weaker than expected earnings announcement.

TRADEMARK VIOLATION NOTICE: This story was first published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another domain, it was stolen and republished in violation of US & global trademark & copyright law. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/08/10/plains-group-holdings-l-p-pagp-stock-rating-lowered-by-zacks-investment-research-updated.html. Raymond James Financial, Inc. set a $24.00 target price on shares of Plains All American Pipeline, L.P. and gave the stock a "buy" rating in a research note on Wednesday. The shares were purchased at an average price of $21.53. Following the transaction, the chairman now directly owns 700,625 shares of the company's stock, valued at approximately $15,084,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was bought at an average price of $21.25 per share, for a total transaction of $425,000.00. Return on Assets (ROA) value of the stock is 2.4 Percent. Corporate insiders own 39.93% of the company's stock.

Institutional investors have recently made changes to their positions in the company. The NYSE listed company saw a recent bid of $1.39 and 216662 shares have traded hands in the session. Private Capital Management Inc. boosted its position in Plains All American Pipeline, L.P.by 44.5% in the second quarter. Investment House LLC purchased a new position in Plains Group Holdings, L.P. during the first quarter valued at about $2,614,000. Shell Asset Management Co. increased its stake in shares of Plains Group Holdings, L.P.by 110.8% in the second quarter. Finally, Princeton Portfolio Strategies Group LLC bought a new stake in shares of Plains All American Pipeline, L.P. during the first quarter worth approximately $153,000. West Family Investments Inc sold 63,224 shares as Plains Gp Hldgs LP (PAGP)'s stock declined 11.59%.

Plains GP Holdings LP owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas and refined products. Its business segments are Transportation, Facilities, and Supply and Logistics. The Company's transportation segment activities consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Share

Advertisement

Related Posts

United Must Aim For Title — Mkhitaryan
The stats-based Sky Sports Predictor is back for the new season - and it's tipping Tottenham to win the Premier League title. However, midfielder Mkhitaryan says Premier League performances are how United will be judged this season.

Disney To Start Own Online Video Streaming Service In Competition With Netflix
It plans to launch an ESPN-branded sports streaming service in 2018, with a general consumer service following the year later. If Disney's direct-to-consumer platforms are successful, Greenfield anticipates that will accelerate ESPN's demise.

Hawkins Makes It 23 For 2018 Class
But now that he's settled on the Nittany Lions, Hawkins should prove to be a valuable interior lineman in time. Hawkins is a four-star defensive tackle according to the 247 Sports Composite Rankins at 6-foot-3, 265 pounds.

See Post-Twins Beyoncé Stop Hearts by Wearing Short Shorts
While Bey showed off her moves on the rink, her rapper husband Jay was just watching from the sidelines, according to TMZ . On Instagram the mother of three has been sharing her going-out looks, and the latest was for a Kendrick Lamar concert.

See Jeffrey Tambor, James Corden parody 'The Boy Is Mine'
So just what did they find themselves caught in you ask? Tambor replies, " Definitely , yeah, I know his name". Meanwhile, Boyega is set to star in the eighth Star Wars film slated for release this December.

Saudi police arrest singer for 'dab' dance move
However, it isn't the first time a celebrity has dabbed in Saudi Arabia though. Rabeh Sager, another Saudi singer, previously dabbed during his performances.

Insider Trading at Microsoft Corporation?
More notable recent Raytheon Company (NYSE:RTN) news were published by: Fool.com which released: "Better Buy: Raytheon Company vs. If an investor does not own any shares of the equity, he should wait to purchase until future volatility becomes more clear.

BidaskClub Downgrades The Charles Schwab Corporation (SCHW) to Hold
Other hedge funds have also added to or reduced their stakes in the company. 119 funds opened positions while 240 raised stakes. Shellback Capital Lp decreased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 10,000 shares to 110,000 valued at $9.66M in 2016Q4.

OJ Simpson's infamous white Bronco to make appearance on 'Pawn Stars'
Simpson is back in the national headlines after serving nine years in a Nevada prison for participating in an armed robbery. According to TMZ , the episode in which Gilbert appears on Pawn Stars takes place next Monday.

Symphony reports 24% drop in Q1 net profit
Expenses remained lower at Rs 631.2 crore as against Rs 675.5 crore in the said period. The company's shares were trading down 8.3 per cent at Rs 1,221.20 apiece on the BSE.

© 2015 ExpressNewsline. All Rights reserved.