Plains GP (PAGP) Receives Coverage Optimism Score of 0.15
Media coverage about Plains GP (NYSE:PAGP) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Plains GP earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.2061908320154 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- Plains GP Holdings LP (PAGP) Short Interest Up 88.1% in July (americanbankingnews.com)
- Plains GP Holdings LP (PAGP) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- What Energy Transfer Equity’s Technical Indicators Suggest (finance.yahoo.com)
- Plains GP Holdings, LP (PAGP) CEO Greg Armstrong on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Plains GP Sees Unusually Large Options Volume (PAGP) (americanbankingnews.com)
PAGP has been the subject of a number of research reports. SunTrust Banks set a $29.00 target price on Plains GP and gave the stock a “buy” rating in a report on Wednesday, August 8th. BMO Capital Markets reissued a “buy” rating and set a $27.00 price target on shares of Plains GP in a research report on Friday, July 13th. Zacks Investment Research raised Plains GP from a “strong sell” rating to a “hold” rating in a research report on Friday, August 10th. Sanford C. Bernstein lowered Plains GP from an “outperform” rating to a “market perform” rating in a research report on Monday, June 18th. Finally, ValuEngine lowered Plains GP from a “hold” rating to a “sell” rating in a research report on Friday, June 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.20.
Plains GP (NYSE:PAGP) last released its quarterly earnings results on Tuesday, August 7th. The pipeline company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). Plains GP had a positive return on equity of 0.57% and a negative net margin of 2.51%. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.71 billion. sell-side analysts expect that Plains GP will post 1.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, July 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Monday, July 30th. Plains GP’s payout ratio is 184.62%.
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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