El interés en corto de Plains GP Holdings da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Plains GP Holdings. Los datos de interés en corto se actualizan cada dos semanas.

Plains GP Holdings (NASDAQ:PAGP) Bolsa, Informe de interés en corto

Plains GP Holdings

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Plains GP Holdings, L.P. - Class A Shares representing limited partner interests

Plains GP Holdings LP

Plains GP Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NYSE">PAGP</a>) short percent of float has risen 9.62% since its last report. The company recently reported that it has 9.85 million shares sold short, which is 5.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.7 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Plains GP Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728312325_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Plains GP Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Plains GP Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Plains GP Holdings's peer group average for short interest as a percentage of float is 3.03%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

PAGP

(PAGP) - Analyzing Plains GP Holdings's Short Interest

Plains GP Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NYSE">PAGP</a>) short percent of float has fallen 8.19% since its last report. The company recently reported that it has 8.18 million shares sold short, which is 4.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Plains GP Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723473920_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Plains GP Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Plains GP Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Plains GP Holdings's peer group average for short interest as a percentage of float is 3.74%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) reported quarterly earnings of $0.20 per share which missed the analyst consensus estimate of $0.31 by 35.48 percent. This is a 20 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $12.930 billion which beat the analyst consensus estimate of $12.409 billion by 4.20 percent. This is a 11.47 percent increase over sales of $11.600 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

Plains GP Holdings Q2 2024 GAAP EPS $0.20 Misses $0.31 Estimate, Sales $12.930B Beat $12.409B Estimate

Ratings for Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Plains GP Holdings and provided 12-month price targets. The average target is $20.0, accompanied by a high estimate of $23.00 and a low estimate of $16.00. Marking an increase of 11.11%, the current average surpasses the previous average price target of $18.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1718028059_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Plains GP Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Spiro Dounis</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$17.50</td>
</tr>
<tr>
<td>Selman Akyol</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$22.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Shneur Gershuni</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>John Mackay</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$16.00</td>
<td>$14.50</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Announces</td>
<td>Sector Outperform</td>
<td>$23.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Plains GP Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Plains GP Holdings compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Plains GP Holdings's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Plains GP Holdings's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PAGP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Plains GP Holdings analyst ratings.</a>
<h2>Get to Know Plains GP Holdings Better</h2>
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.
<h3>Unraveling the Financial Story of Plains GP Holdings</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Plains GP Holdings's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -2.8% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Plains GP Holdings's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 0.35%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plains GP Holdings's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.74%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Plains GP Holdings's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.15%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Plains GP Holdings's debt-to-equity ratio is notably higher than the industry average. With a ratio of 5.35, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Demystifying Plains GP Holdings: Insights From 8 Analyst Reviews

Morgan Stanley analyst Robert Kad maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Overweight and raises the price target from $19 to $20.

Price Target

Morgan Stanley Maintains Overweight on Plains GP Holdings, Raises Price Target to $20

Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Plains GP Holdings, presenting an average target of $19.69, a high estimate of $23.00, and a low estimate of $16.00. Marking an increase of 11.62%, the current average surpasses the previous average price target of $17.64. 
<img src="https://www.benzinga.com/files/images/story/2024/1715191249_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Plains GP Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Spiro Dounis</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$17.50</td>
</tr>
<tr>
<td>Selman Akyol</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$22.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Shneur Gershuni</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>John Mackay</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$16.00</td>
<td>$14.50</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Announces</td>
<td>Sector Outperform</td>
<td>$23.00</td>
<td>-</td>
</tr>
<tr>
<td>Spiro Dounis</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$17.50</td>
<td>$16.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Plains GP Holdings. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Plains GP Holdings compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Plains GP Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Plains GP Holdings's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PAGP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Plains GP Holdings analyst ratings.</a>
<h2>Discovering Plains GP Holdings: A Closer Look</h2>
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.
<h3>Plains GP Holdings's Economic Impact: An Analysis</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Plains GP Holdings's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -1.96% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Plains GP Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.41%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.38%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Plains GP Holdings's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.18%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 5.18, Plains GP Holdings faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Plains GP Holdings In The Eyes Of 8 Experts

Wells Fargo analyst Michael Blum maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Overweight and raises the price target from $19 to $20.

Wells Fargo Maintains Overweight on Plains GP Holdings, Raises Price Target to $20

Citigroup analyst Spiro Dounis maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Neutral and raises the price target from $17.5 to $18.

Citigroup Maintains Neutral on Plains GP Holdings, Raises Price Target to $18

Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.34 by 38.24 percent. This is a 40 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $11.995 billion which missed the analyst consensus estimate of $12.791 billion by 6.23 percent. This is a 2.80 percent decrease over sales of $12.341 billion the same period last year.

Plains GP Holdings Q1 2024 GAAP EPS $0.21 Misses $0.34 Estimate, Sales $11.995B Miss $12.791B Estimate

Stifel analyst Selman Akyol maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Buy and raises the price target from $18 to $22.

Stifel Maintains Buy on Plains GP Holdings, Raises Price Target to $22

UBS analyst Shneur Gershuni maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Buy and raises the price target from $22 to $23.

UBS Maintains Buy on Plains GP Holdings, Raises Price Target to $23

In the preceding three months, 4 analysts have released ratings for Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.62, a high estimate of $23.00, and a low estimate of $16.00. This upward trend is apparent, with the current average reflecting a 18.83% increase from the previous average price target of $15.67.
<img src="https://www.benzinga.com/files/images/story/2024/1712934077_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Plains GP Holdings among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>John Mackay</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$16.00</td>
<td>$14.50</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Announces</td>
<td>Sector Outperform</td>
<td>$23.00</td>
<td>-</td>
</tr>
<tr>
<td>Spiro Dounis</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$17.50</td>
<td>$16.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Plains GP Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Plains GP Holdings compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Plains GP Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Plains GP Holdings's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PAGP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Plains GP Holdings analyst ratings.</a>
<h2>All You Need to Know About Plains GP Holdings</h2>
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.
<h3>Plains GP Holdings: A Financial Overview</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Plains GP Holdings's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -1.96%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Plains GP Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.41%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.38%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Plains GP Holdings's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.18%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 5.18, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Plains GP Holdings Through Analyst Insights

Barclays analyst Theresa Chen maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Underweight and raises the price target from $16 to $18.

Barclays Maintains Underweight on Plains GP Holdings, Raises Price Target to $18

Goldman Sachs analyst John Mackay maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Sell and raises the price target from $14.5 to $16.

Goldman Sachs Maintains Sell on Plains GP Holdings, Raises Price Target to $16

Scotiabank analyst Tristan Richardson assumes Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Sector Outperform rating and announces Price Target of $23.

Initiation

Scotiabank Assumes Plains GP Holdings at Sector Outperform, Announces Price Target of $23

Citigroup analyst Spiro Dounis maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Neutral and raises the price target from $16.5 to $17.5.

Citigroup Maintains Neutral on Plains GP Holdings, Raises Price Target to $17.5

Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) reported quarterly earnings of $0.27 per share which missed the analyst consensus estimate of $0.35 by 22.86 percent. This is a 17.39 percent increase over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $12.70 billion which beat the analyst consensus estimate of $11.91 billion by 6.62 percent. This is a 1.96 percent decrease over sales of $12.95 billion the same period last year.

Plains GP Holdings Q4 EPS $0.27 Misses $0.35 Estimate, Sales $12.70B Beat $11.91B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; TELUS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TU#NYSE">TU</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $5.24 billion.
&bull; Canopy Gwth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) is likely to report quarterly loss at $0.37 per share on revenue of $55.44 million.
&bull; Fortis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTS#NYSE">FTS</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $2.39 billion.
&bull; AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $5.25 billion.
&bull; Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $9.88 billion.
&bull; TELUS Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $932.03 million.
&bull; Listed Funds Trust Roundhill Cannabis ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WEED#BATS">WEED</a>) is likely to report quarterly loss at $0.49 per share on revenue of $74.78 million.
&bull; Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is likely to report quarterly earnings at $0.08 per share on revenue of $182.20 million.
&bull; W.P. Carey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPC#NYSE">WPC</a>) is expected to report earnings for its fourth quarter.
&bull; Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $394.48 million.
&bull; Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $11.91 billion.
&bull; Mr. Cooper Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) is expected to report quarterly earnings at $1.33 per share on revenue of $416.70 million.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is likely to report quarterly earnings at $1.72 per share on revenue of $28.40 billion.
&bull; MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is expected to report quarterly earnings at $1.99 per share on revenue of $13.97 billion.
&bull; Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is projected to report quarterly earnings at $1.48 per share on revenue of $10.41 billion.
&bull; Blue Owl Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $428.71 million.
&bull; Catalent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTLT#NYSE">CTLT</a>) is likely to report quarterly loss at $0.02 per share on revenue of $1.01 billion.
&bull; Embecta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $264.91 million.
&bull; Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $12.64 billion.
&bull; AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $676.01 million.
&bull; Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $1.98 billion.
&bull; Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) is expected to report quarterly earnings at $1.59 per share on revenue of $286.18 million.
&bull; Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $122.72 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Amtech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) is projected to report earnings for its first quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AMCX

ASYS

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CTLT

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MPAA

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Earnings Scheduled For February 9, 2024

Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-09. Here's what investors need to know before the announcement.
Analysts estimate that Plains GP Holdings will report an earnings per share (EPS) of $0.35. 
Plains GP Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.12, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Plains GP Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.27</td>
<td>0.14</td>
<td>0.67</td>
<td>0.61</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.15</td>
<td>0.25</td>
<td>0.41</td>
<td>0.23</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.92%</td>
<td>1.69%</td>
<td>5.39%</td>
<td>-1.14%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707404426_0_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Plains GP Holdings were trading at $16.06 as of February 07. Over the last 52-week period, shares are up 20.7%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PAGP/earnings">To track all earnings releases for Plains GP Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Plains GP Holdings's Earnings

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said Franco-Nevada Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) is a &quot;great diversified <a href="http://www.benzinga.com/trading-ideas/long-ideas/23/12/36117587/spot-gold-holds-above-2-000-as-traders-brace-for-fresh-economic-data-to-close-2023-how-t">way to own gold</a>.&quot;
&quot;Now, I personally like Barrick Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>),&quot; Cramer said. &quot;But I think you&rsquo;re going to do fine with that. And yes, I will reveal, I like gold bullion.&quot;
When asked about Plains GP Holdings, L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pagp#NASDAQ">PAGP</a>), he said, &quot;I would buy that for the dividend and then I would dump.&quot;
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>
Cramer said he is reiterating Uranium Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uec#NYSE">UEC</a>) because &quot;I want a pure play uranium company that&rsquo;s not losing money hand over fist and bleeding from the eyeballs.&quot;
&quot;I have been a little let down by the Dutch Bros Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bros#NYSE">BROS</a>),&quot; Cramer said, &quot;They got to stop opening stores and catch their darn breath.&quot;Cramer said he likes Ryanair Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>). &quot;They&rsquo;re a very well-run company,&quot; he noted.
When asked about Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>), he said, &quot;That&rsquo;s like the balance sheet from hell. We love good balance sheets, don&rsquo;t like bad balance sheets. That&rsquo;s got a bad one.&quot;
The &quot;Mad Money&quot; host said Exelixis, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exel#NASDAQ">EXEL</a>) is a &quot;good spec.&quot;
Cramer said United Natural Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NYSE">UNFI</a>) is &quot;not going to change its address anytime soon. Get the moving van.&quot;
<h3>Price Action</h3>
<ul>
<li>Shares of United Natural Foods fell 0.3% to close at $14.96</li>
<li>Exelixis fell 2% to $22.41 on Thursday.</li>
<li>Paramount fell 5.5% to settle at $13.35.</li>
<li>Ryanair gained 1.8% to $125.38 during Thursday&rsquo;s session.</li>
<li>Dutch Bros shares lost 4.4% to settle at $28.17.</li>
<li>Uranium Energy gained 1% to $6.93 on Thursday.</li>
<li>Plains GP Holdings fell 0.3% to $16.28</li>
<li>Franco-Nevada and Barrick Gold lost 0.2% and 1.1%, respectively, on Thursday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36588614/how-to-earn-500-a-month-from-citigroup-stock-ahead-of-q4-earnings-report"> How To Earn $500 A Month From Citigroup Stock Ahead Of Q4 Earnings Report </a> 
Image: Shutterstock

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Jim Cramer Likes This 'Well-Run' Airline, Says This Entertainment Stock Has 'Balance Sheet From Hell'

Buy These Blue-Chip High-Yield Growth Stocks Before It Is Too Late

Plains GP Holdings currently yields 6.6% and you can expect a 12% dividend increase in January, a promising sign for the future of your investments.

PAGP: Beat Election Volatility With This Safe 6.6% Dividend Investment

With growing geopolitical instability, delayed OPEC+ production increases, and rapid technological advancements, the oil and gas market is poised for solid growth. Hence, currently undervalued energy stocks Energy Transfer (ET), Plains All American Pipeline (PAA), and Delek Logistics Partners (DKL) could be ideal investment choices. Read more... Despite the lingering market concerns over economic and oil demand growth, particularly in China, crude oil prices are projected to hike steadily through 2024. Also, the ongoing withdrawals from oil inventories predict a positive oil and gas market outlook.
Given the industry tailwinds, it could be wise to invest in fundamentally sound undervalued energy stocks Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), Plains All American Pipeline, L.P. (<a href="https://stocknews.com/stock/PAA/">PAA</a>), and Delek Logistics Partners, LP (<a href="https://stocknews.com/stock/DKL/">DKL</a>) for potential gains.
In its recent publication of World Oil Outlook for 2024, the <a href="https://www.cnbc.com/2024/09/24/opec-is-bullish-on-long-term-oil-demand-growth-not-everyone-agrees.html">Organization of Petroleum Exporting Countries</a> (OPEC) appeared highly bullish on oil demand growth. The oil producer group forecasted strong energy demand growth of 24% globally between 2024 and 2050. It also expects robust growth in oil demand, projected to reach 112.3 million barrels per day by 2029, up 10.1 million b/pd from 2023.
<a href="https://www.iea.org/reports/oil-market-report-september-2024">IEA reported global oil demand</a> gains of 800 kb/d for the first half of 2024 and projected average annual increases of 900 kb/d in 2024. Further, owing to outages caused by a political dispute in Libya and higher flows from Guyana and Brazil, world supply rose by 80 kb/d to 103.5 mb/d during August; also, annual gains are likely to grow 660 kb/d in 2024 and 2.1 mb/d in 2025.
Further, ongoing withdrawals from global oil inventories are likely to <a href="https://www.eia.gov/outlooks/steo/report/global_oil.php">push crude oil prices above $80/b</a> in the upcoming sessions. Also, withdrawals from oil inventories will spike further in the fourth quarter due to delayed OPEC+ production increases. EIA projects the Brent crude oil spot price to average $82/b in the fourth quarter and average $84/b in 2025.
The oil and gas market is anticipated to exhibit growth at a <a href="https://www.thebusinessresearchcompany.com/report/oil-and-gas-global-market-report">CAGR of 5.2%</a>, resulting in a market value of $9.35 billion by 2028 driven by supportive government initiatives, growing resource exploration activities, and shift towards digital technologies.
Given the industry's robust outlook, investing in fundamentally strong energy stocks ET, PAA, and DKL could be wise.
Let's discuss the fundamentals of these stocks in detail:
Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET is a provider of energy-related services. The company owns and operates natural gas transportation pipeline, natural gas storage facilities in Texas and Oklahoma, and nearly 20,090 miles of interstate natural gas pipeline. ET also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
In terms of forward Price/Sales, ET is trading at 0.63x, 55.8% lower than the industry average of 1.42x. Likewise, the stock's forward Price/Cash Flow multiple of 4.11 is 22.7% lower than the industry average of 5.31. Also, its forward EV/Sales of 1.46x is 24.1% lower than the industry average of 1.93x.
On July 16, ET and Sunoco LP (<a href="https://stocknews.com/stock/SUN/">SUN</a>) entered a joint venture to combine their crude oil and produced water-gathering assets in the Permian Basin. ET will hold a 67.5% interest in the joint venture, with Sunoco holding a 32.5% interest. ET will oversee over 5,000 miles of pipelines and 11 million barrels of storage capacity.
Also, on July 15, ET completed the acquisition of WTG Midstream Holdings LLC. Total consideration for the transaction was $2,275 million in cash and about 50.8 million newly issued ET common units. The strategic acquisition expanded the Permian Basin pipeline and processing network, providing further access to growing natural gas and NGLs supplies.
During the second quarter that ended June 30, 2024, ET's revenues rose 13.1% year-over-year to $20.73 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 25.2% from the year-ago value to $2.30 billion. The company's net income came in at $1.99 billion and $0.35 per common unit, up 61.6% and 40% from the prior year's quarter, respectively.
Also, the company's adjusted EBITDA increased 20.4% year-over-year to $3.76 billion. And its distributable cash flow grew 26% from the year-ago value to $2.57 billion.
Street expects ET's EPS for the third quarter (ending September 2024) to increase 128.8% year-over-year to $0.34, and its revenue for the same quarter is expected to grow 5.2% year-over-year to $21.82 billion. For the fiscal year 2024, the company's revenue and EPS are expected to improve 11.6% and 30.9% year-over-year to $87.72 billion and $1.43, respectively.
ET's stock has gained 3.4% over the past six months and 15.2% over the past year to close the last trading session at $16.07.
ET's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
ET has an A grade for Growth. It also has a B grade for Value, Momentum, and Stability. It is ranked #3 out of 80 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have ET ratings for Sentiment and Quality. Get all ET ratings <a href="https://stocknews.com/stock/ET/">here</a>.
Plains All American Pipeline, L.P. (<a href="https://stocknews.com/stock/PAA/">PAA</a>)
PAA engages in the pipeline transportation, terminaling, storage, and gathering crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments: Crude Oil and NGL.
PAA's forward EV/Sales of 0.49x is 74.3% lower than the industry average of 1.93x. Similarly, the stock's forward Price/Sales of 0.24x is 83.3% lower than the 1.42x industry average. Further, its forward Price/Book multiple of 1.52 is lower than the industry average of 1.59.
On July 3, PAA and Plains GP Holdings (<a href="https://stocknews.com/stock/PAGP/">PAGP</a>) announced their quarterly distributions for the second quarter of 2024 in the following manner: PAA Common Units – $0.3175 per unit, PAGP class A shares – $0.3175 per class A share, PAA series A preferred units – $0.61524 per series A preferred unit, and PAA series B preferred units - $24.77 per series B preferred unit.
PAA pays an annual distribution of $1.27, which translates to a yield of 7.26% at the current share price. Its four-year average dividend yield is 7.49%. Moreover, the company's dividend payouts have increased at a CAGR of 19.2% over the past three years.
During the second quarter that ended June 30, 2024, PAA's revenues increased 11.5% year-over-year to $12.93 billion. Adjusted net income attributable to PAA amounted to $288 million and $0.31 per common unit, reflecting 18.5% and 24% growth from the prior year's quarter, respectively.
Furthermore, the company's adjusted EBITDA rose 15.3% year-over-year to $807 million.
The company has also raised its guidance for full-year 2024 adjusted EBITDA to a new range of $2.72 - $2.77 billion. PAA reaffirmed its adjusted free cash flow guidance of $1.55 billion.
Street expects PAA's revenue for the third quarter (ending September 2024) to increase 8.2% year-over-year to $13.06 billion. Its revenue for the fiscal year 2024 is expected to grow 6.2% year-over-year to $51.71 billion. Furthermore, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
PAA's stock has surged 1% over the past six months and 14.5% over the past year to close the last trading session at $17.49.
PAA's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Growth and a B grade for Value, Stability, and Momentum. PAA is ranked #8 among 23 stocks in the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs – Oil &amp; Gas</a> industry.
<a href="https://stocknews.com/stock/PAA/">Click here</a> to access PAA's ratings for Quality and Sentiment.
Delek Logistics Partners, LP (<a href="https://stocknews.com/stock/DKL/">DKL</a>)
DKL provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal, and recycling customers. The company operates through Gathering and Processing segment; Wholesale Marketing and Terminalling segment; and Storage and Transportation segment.
On September 12, DKL acquired H2O Midstream, a portfolio company of EIV Capital, LLC, for a total consideration of $230 million, consisting of $160 million in cash and $70 million of convertible preferred redeemable equity.
The H2O Midstream operations significantly align with DKL's operations, and the acquisition supports DKL's core strategy of offering a full midstream service solution to existing and third-party customers in the prolific Permian Basin. Also, it presents an opportunity to extract significant synergies through cost optimization and cross-product sales.
On July 30, DKL declared its quarterly cash distribution for the second quarter of 2024 of $1.09 per common limited partner unit, or $4.36 per common limited partner unit on an annualized basis. The cash distribution was paid on August 16, 2024, to unitholders of record on August 9, 2024.
DKL's annual dividend of $4.36 translates to a yield of 10.13% at the current share price. Its four-year average dividend yield is 9.01%. And the company's dividend payouts have increased at a CAGR of 5.4% over the past five years. DKL has raised its dividend for nine consecutive years.
For the second quarter that ended June 30, 2024, DKL's net revenues rose 7.2% from the prior-year quarter to $264.63 million, and its operating income rose 14.2% year-over-year to $68.46 million. Net income attributable to partners stood at $41.06 million and $0.87 per limited partner unit, up 28.7% and 19.2% year-over-year, respectively.
Furthermore, DKL's EBITDA and distributable cash flow grew 10.4% and 12.2% from the year-ago value to $102.39 million and $67.81 million.
As per the company's 2024 outlook, MRO's expected free cash flow is $2.20 billion for the year.
Analysts expect DKL's revenue and EPS for the fourth quarter (ending December 2024) to grow marginally and 76.8% year-over-year to $255.49 million and $0.90, respectively. Also, the company topped the consensus EPS estimates in three of the four trailing quarters.
Shares of DKL have surged 10.5% over the past month and 5.2% over the past six months to close the last trading session at $43.05.
DKL's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Value, Momentum, and Stability. Within the A-rated MLPs – Oil &amp; Gas industry, DKL is ranked #5 in the list of 23 stocks.
<a href="https://stocknews.com/stock/DKL/">Click here</a> to access additional ratings of DKL for Sentiment, Growth, and Quality.
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ET shares were trading at $15.97 per share on Monday afternoon, down $0.10 (-0.62%). Year-to-date, ET has gained 23.11%, versus a 21.29% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/et-paa-dkl-sun-pagp-3-oil-gas-stocks-that-remain-undervalued/>3 Oil & Gas Stocks That Remain Undervalued</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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