Plains Group Holdings L.P. (PAGP) : Wednesdays money flow analysis of Plains Group Holdings L.P. (PAGP) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $4.62 million. In comparison, the inflow of money on upticks was a meager $2.51 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.11 million. The uptick to downtick ratio of 0.54 in the money flow shows weakness. The uptick block trades were valued at $0.43 million. The downtick transaction value was high at $2.05 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.21. Hence, the net money flow in the stock was negative ($1.62 million). Plains Group Holdings L.P. (PAGP) gained $0.25 at $12.56, a change of 1.99% over the previous days close.
Shares of Plains GP Holdings, L.P. rose by 8.49% in the last five trading days and 11.3% for the last 4 weeks. Plains GP Holdings, L.P. is up 26.75% in the last 3-month period. Year-to-Date the stock performance stands at 46.82%.
Plains Group Holdings L.P. (PAGP) : 3 brokerage houses believe that Plains Group Holdings L.P. (PAGP) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 14 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Plains Group Holdings L.P. (PAGP). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 18 Wall Street Analysts endorse the stock as a Hold with a rating of 2.61.
Plains Group Holdings L.P. (NYSE:PAGP): The stock opened at $12.45 and touched an intraday high of $12.95 on Wednesday. During the day, the stock corrected to an intraday low of $12.195, however, the bulls stepped in and pushed the price higher to close in the green at $12.9 with a gain of 4.79% for the day. The total traded volume for the day was 3,367,434. The stock had closed at $12.31 in the previous trading session.
Plains GP Holdings, L.P. (PAGP), owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAAs operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.