Barclays Sticks to Its Sell Rating for Plains GP Holdings (PAGP)
Barclays analyst Theresa Chen maintained a Sell rating on Plains GP Holdings on February 6 and set a price target of $18.00. The company’s shares closed last Friday at $20.71.
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According to TipRanks, Chen is a top 100 analyst with an average return of 17.5% and a 75.35% success rate. Chen covers the Energy sector, focusing on stocks such as Valero Energy, Enterprise Products Partners, and Kinder Morgan.
Currently, the analyst consensus on Plains GP Holdings is a Hold with an average price target of $20.31, a -1.93% downside from current levels. In a report released on January 28, Bank of America Securities also downgraded the stock to a Sell with a $19.00 price target.
Based on Plains GP Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.03 billion and a net profit of $342 million. In comparison, last year the company earned a revenue of $12.4 billion and had a GAAP net loss of $11 million
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