PAGP Stock Summary and Trading Ideas (Plains Gp Holdings LP - Class A Shares Representing Limited Partner Interests | NASDAQ:PAGP)

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Plains Gp Holdings LP - Class A Shares Representing Limited Partner Interests trades on the NASDAQ stock market under the symbol PAGP.

As of April 24, 2024, PAGP stock price climbed to $19.01 with 1,465,240 million shares trading.

PAGP has a beta of 0.37, meaning it tends to be less sensitive to market movements. PAGP has a correlation of 0.04 to the broad based SPY ETF.

PAGP has a market cap of $3.73 billion. This is considered a Mid Cap stock.

Last quarter Plains Gp Holdings LP - Class A Shares Representing Limited Partner Interests reported $13 billion in Revenue and $.27 earnings per share. This beat revenue expectation by $788 million and missed earnings estimates by -$.08.

In the last 3 years, PAGP stock traded as high as $19.77 and as low as $9.25.

The top ETF exchange traded funds that PAGP belongs to (by Net Assets): EMLP, MLPX, AVUV, UMI, VDE.

PAGP has outperformed the market in the last year with a price return of +46.2% while the SPY ETF gained +24.2%. PAGP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.6% and -1.6%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

PAGP support price is $18.62 and resistance is $19.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAGP stock will trade within this expected range on the day.