Plains GP Holdings (PAGP) Gets a Hold from Wells Fargo

Wells Fargo analyst Michael Blum maintained a Hold rating on Plains GP Holdings yesterday and set a price target of $20.00. The company’s shares closed yesterday at $18.68.

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Blum covers the Energy sector, focusing on stocks such as Venture Global, Inc. Class A, Cheniere Energy, and Energy Transfer. According to TipRanks, Blum has an average return of 14.1% and a 66.67% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Plains GP Holdings with a $19.61 average price target, implying a 4.98% upside from current levels. In a report released on December 7, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $20.50 price target.

Based on Plains GP Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.58 billion and a net profit of $83 million. In comparison, last year the company earned a revenue of $12.74 billion and had a net profit of $33 million