Raymond James analyst Justin Jenkins maintained a Buy rating on Plains GP Holdings (NASDAQ:PAGP) on Thursday, setting a price target of $12, which is approximately 13.42% above the present share price of $10.58.
Jenkins expects Plains GP Holdings to post earnings per share (EPS) of $0.09 for the first quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Plains GP Holdings, with an average price target of $12.
The analysts price targets range from a high of $12 to a low of $12.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $5.83 billion and a net profit of $249 million. The company's market cap is $1.7 billion.
According to TipRanks.com, Raymond James analyst Justin Jenkins is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.9% and a 60.16% success rate.
Plains GP Holdings LP owns and operates midstream energy infrastructure and provides logistics services primarily for crude oil, natural gas liquids and natural gas through its indirect investment in Plains All American Pipeline, L.P.The firm operates through the following segments: Transportation, Facilities and Supply and Logistics. The Transportation segment consists of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The Facilities segment consists of fee-based activities associated with providing storage, terminalling and throughput services primarily for crude oil, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. The Supply and Logistics segment consists of storage of inventory during contango market conditions and the seasonal storage of NGL, purchase of NGL from producers, refiners, processors and other marketers, extraction of NGL from gas processed at the facilities. Plains GP Holdings LP was founded in July 2013 and is headquartered in Houston, TX.