In a report issued on November 15, Ethan Bellamy from Robert W. Baird reiterated a Hold rating on Plains GP Holdings (PAGP), with a price target of $25. The company’s shares closed yesterday at $20.49, close to its 52-week low of $19.38.
According to TipRanks.com, Bellamy is a 1-star analyst with an average return of -2.1% and a 48.1% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as CNX Midstream Partners LP, Antero Midstream Partners, and Green Plains Partners.
Currently, the analyst consensus on Plains GP Holdings is a Strong Buy with an average price target of $29.75.
See today’s analyst top recommended stocks >>
The company has a one-year high of $27 and a one-year low of $19.38. Currently, Plains GP Holdings has an average volume of 1.67M.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PAGP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Plains GP Holdings LP operates as a holding company. Its subsidiaries engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. The company was founded in August 2007 and is headquartered in Houston, TX.
