With 1.44 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.63 million shares. The 52-week range on PAGP shows that it touched its highest point at $22.31 and its lowest point at $16.60 during that stretch. It currently has a 1-year price target of $21.08. With its current market cap of 13.46 billion, PAGP has annualized dividend of $1.40 while the current yield stands at 7.88%. Beta for the stock currently stands at 0.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PAGP was down-trending over the past week, with a drop of -3.96%, but this was down by -6.00% over a month. Three-month performance dropped to -18.31% while six-month performance fell -4.32%. The stock lost -4.48% in the past year, while it has lost -3.65% so far this year. A look at the trailing 12-month EPS for PAGP yields 0.73 with Next year EPS estimates of 1.59. For the next quarter, that number is 0.34. This implies an EPS growth rate of 200.17% for this year and 1.65% for next year. EPS is expected to grow by 47.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.22%.
Float and Shares Shorts:
At present, 197.74 million PAGP shares are outstanding with a float of 192.26 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAGP since 11 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.44006 being high and $1.32285 being low. For PAGP, this leads to a yearly average estimate of $1.38983. Based on analyst estimates, the high estimate for the next quarter is $0.42 and the low estimate is $0.42. The average estimate for the next quarter is thus $0.42.
