Equities research analysts expect Plains GP Holdings, L.P. (NYSE:PAGP – Get Rating) to announce sales of $12.13 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Plains GP’s earnings. The lowest sales estimate is $9.75 billion and the highest is $13.71 billion. Plains GP posted sales of $8.38 billion during the same quarter last year, which would indicate a positive year over year growth rate of 44.7%. The business is scheduled to report its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Plains GP will report full year sales of $46.70 billion for the current financial year, with estimates ranging from $39.06 billion to $55.58 billion. For the next fiscal year, analysts forecast that the firm will report sales of $60.92 billion, with estimates ranging from $38.14 billion to $102.32 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Plains GP.
Plains GP (NYSE:PAGP – Get Rating) last released its earnings results on Wednesday, February 9th. The pipeline company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.21. The firm had revenue of $12.95 billion during the quarter, compared to analyst estimates of $10.01 billion. Plains GP had a return on equity of 0.51% and a net margin of 0.15%.
Large investors have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP bought a new position in Plains GP during the 3rd quarter worth approximately $33,000. First Quadrant LLC CA bought a new position in Plains GP during the 1st quarter worth approximately $36,000. Ahrens Investment Partners LLC lifted its holdings in Plains GP by 260.0% during the 1st quarter. Ahrens Investment Partners LLC now owns 3,600 shares of the pipeline company’s stock worth $42,000 after buying an additional 2,600 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Plains GP by 33.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,031 shares of the pipeline company’s stock worth $43,000 after buying an additional 1,004 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new position in Plains GP during the 4th quarter worth approximately $44,000. 89.90% of the stock is currently owned by institutional investors.
Plains GP stock opened at $11.17 on Friday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 34.91 and a beta of 1.89. The stock has a fifty day moving average price of $11.60 and a 200 day moving average price of $11.22. Plains GP has a 52 week low of $9.24 and a 52 week high of $12.95. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, April 29th will be issued a $0.2175 dividend. The ex-dividend date is Thursday, April 28th. This represents a $0.87 dividend on an annualized basis and a yield of 7.79%. This is an increase from Plains GP’s previous quarterly dividend of $0.18. Plains GP’s dividend payout ratio is currently 225.00%.
About Plains GP (Get Rating)
Plains GP Holdings, L.P., together with its subsidiaries, owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the transportation of crude oil and NGLs on pipelines, gathering systems, and trucks.
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