Plains GP (PAGP) to Release Earnings on Friday

Plains GP (NYSE:PAGP) will be posting its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Plains GP to post earnings of $0.38 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Plains GP Price Performance

Shares of NYSE:PAGP opened at $17.90 on Wednesday. The company has a market capitalization of $3.53 billion, a PE ratio of 21.57 and a beta of 1.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a fifty day moving average of $18.53 and a 200-day moving average of $18.58. Plains GP has a one year low of $14.93 and a one year high of $20.10.

Plains GP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Thursday, October 31st. Plains GP’s dividend payout ratio is 153.01%.

Wall Street Analysts Forecast Growth

PAGP has been the topic of several recent analyst reports. Wolfe Research upgraded Plains GP to a “hold” rating in a report on Wednesday, September 18th. Morgan Stanley lowered shares of Plains GP from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $22.00 to $19.00 in a research note on Friday, October 25th. Finally, StockNews.com raised shares of Plains GP from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Plains GP presently has a consensus rating of “Hold” and an average price target of $20.00.

About Plains GP

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks.