Let’s start up with the current stock price of Plains GP Holdings L.P. (PAGP), which is $10.68 to be very precise. The Stock rose vividly during the last session to $10.51 after opening rate of $10.44 while the lowest price it went was recorded $10.33 before closing at $10.39.Recently in News on August 26, 2021, Plains All American Renews and Extends Credit Facilities. Plains All American Pipeline and Plains GP Holdings (Nasdaq: PAA & PAGP) (collectively, “Plains”) today announced that PAA has renewed and extended its two credit facilities (the “Facilities”). The renewed and extended Facilities have an aggregate initial borrowing capacity of $2.7 billion and initial maturities in 2024 and 2026, replacing the previous facilities that were scheduled to mature in 2022 and 2024, respectively. You can read further details here
Plains GP Holdings L.P. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $12.95 on 06/15/21, with the lowest value was $8.25 for the same time period, recorded on 02/18/21.
Plains GP Holdings L.P. (PAGP) full year performance was 46.34%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Plains GP Holdings L.P. shares are logging -17.54% during the 52-week period from high price, and 95.82% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $5.45 and $12.95.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1609712 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Plains GP Holdings L.P. (PAGP) recorded performance in the market was 22.96%, having the revenues showcasing -18.64% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.03B, as it employees total of 4400 workers.
The Analysts eye on Plains GP Holdings L.P. (PAGP)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 10.75, with a change in the price was noted +1.25. In a similar fashion, Plains GP Holdings L.P. posted a movement of +13.20% for the period of last 100 days, recording 2,248,689 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PAGP is recording 6.93 at the time of this writing. In addition, long term Debt to Equity ratio is set at 5.90.
Technical rundown of Plains GP Holdings L.P. (PAGP)
Raw Stochastic average of Plains GP Holdings L.P. in the period of last 50 days is set at 56.78%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 97.10%. In the last 20 days, the company’s Stochastic %K was 92.64% and its Stochastic %D was recorded 77.40%.
Considering, the past performance of Plains GP Holdings L.P., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 22.96%. Additionally, trading for the stock in the period of the last six months notably improved by 8.00%, alongside a boost of 46.34% for the period of the last 12 months. The shares increased approximately by 2.36% in the 7-day charts and went up by -1.33% in the period of the last 30 days. Common stock shares were lifted by -18.64% during last recorded quarter.