Plains Group Holdings L.P. (PAGP) : Traders are bullish on Plains Group Holdings L.P. (PAGP) as it has outperformed the S&P 500 by a wide margin of 15.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.69% in the last 1 week, and is up 14.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.84% and the 50-Day Moving Average is 13.3%.The 200 Day SMA reached 39.56%
Plains Group Holdings L.P. (NYSE:PAGP): After opening at $13.08, the stock dipped to an intraday low of $12.72 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.08 and the buying power remained strong till the end. The stock closed at $12.94 for the day, a gain of 0.31% for the day session. The total traded volume was 1,872,894. The stocks close on the previous trading day was $12.94.
Plains Group Holdings L.P. (PAGP) : The highest short term price target forecast on Plains Group Holdings L.P. (PAGP) is $14 and the lowest target price is $10. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $11.75 with a standard deviation of $1.18.
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.