Will Investors Now Sell Plains GP (PAGP) Stock Following Today’s, Bernstein Downgrades?

June 18, 2018 - By Dolores Ford

Plains GP (PAGP) Receives a Downgrade

Plains GP (PAGP) was downgraded by analysts at Bernstein from their past Outperform rating to a Mkt Perform rating in a report revealed to clients and investors on Monday, 18 June.

The stock increased 2.38% or $0.59 during the last trading session, reaching $25.38. About 1.13 million shares traded. Plains GP Holdings, L.P. (PAGP) has declined 12.09% since June 19, 2017 and is downtrending. It has underperformed by 24.66% the S&P500.

Analysts await Plains GP Holdings, L.P. (NYSE:PAGP) to report earnings on August, 6. They expect $0.35 EPS, up 118.75 % or $0.19 from last year’s $0.16 per share. PAGP’s profit will be $194.64 million for 18.13 P/E if the $0.35 EPS becomes a reality. After $0.23 actual EPS reported by Plains GP Holdings, L.P. for the previous quarter, Wall Street now forecasts 52.17 % EPS growth.

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. The company has market cap of $14.11 billion. It operates through three divisions: Transportation, Facilities, and Supply and Logistics. It currently has negative earnings. The Transportation segment engages in the transportation of crude oil and NGL on pipelines, gathering systems, trucks, and barges.

Another recent and important Plains GP Holdings, L.P. (NYSE:PAGP) news was published by Fool.com which published an article titled: “3 Energy Mergers That Need to Happen” on June 12, 2018.

Plains GP Holdings, L.P. (NYSE:PAGP) Ratings Chart

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