PAGP:NSD-Plains GP Holdings, L.P (USD)

COMMON STOCK | Oil & Gas Midstream | NSD

Last Closing Price

USD 10.75

Change

+0.10 (+0.94)%

Market Cap

USD 2.07B

Volume

2.01M

Avg Analyst Target

USD 12.29 (+14.29%)

Avg User Target

USD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, and trucks. As of December 31, 2020, this segment owned and leased assets comprising 18,370 miles of crude oil and NGL pipelines and gathering systems; 35 million barrels of above-ground tank capacity; and 815 trailers. The Facilities segment engages in the provision of storage, terminalling, and throughput services primarily for crude oil, NGLs, and natural gas; NGL fractionation and isomerization services; and natural gas and condensate processing services. As of December 31, 2020, this segment owned and operated approximately 75 million barrels of crude oil storage capacity; 28 million barrels of NGL storage capacity; 68 billion cubic feet (Bcf) of natural gas storage capacity; 26 Bcf of base gas; 5 natural gas processing plants; a condensate processing facility; 8 fractionation plants; 22 crude oil and NGL rail terminals; 5 marine facilities; and 330 miles of pipelines. The Supply and Logistics segment engages in the purchase, logistics, and resale of crude oil and NGL. As of December 31, 2020, this segment owned 16 million barrels of crude oil and NGL linefill; 4 million barrels of crude oil and NGL linefill in pipelines owned by third parties and other inventory; 680 trucks and 840 trailers; and 6,000 crude oil and NGL railcars. The company offers logistics services to producers, refiners, and other customers. PAA GP Holdings LLC operates as a general partner of the company. Plains GP Holdings, L.P. was founded in 2013 and is headquartered in Houston, Texas.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2021-07-22 )

Largest Industry Peers for Oil & Gas Midstream

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
PAA Plains All American Pipeline, ..

+0.13 (+1.28%)

USD7.31B 15.40 9.67
VNOM Viper Energy Partners LP

+0.37 (+2.14%)

USD2.69B 10.40 35.75
RTLR Rattler Midstream LP

+0.29 (+2.85%)

USD1.46B 16.63 9.66
NBLX Noble Midstream Partners LP

N/A

USD1.37B 8.84 9.62
GLNG Golar LNG Limited

-0.59 (-4.80%)

USD1.35B 25.30 11.60
ALTM Altus Midstream Company

-0.17 (-0.26%)

USD1.08B 25.25 11.11
OMP Oasis Midstream Partners LP

+0.04 (+0.18%)

USD1.08B 9.20 8.43
BROG Brooge Energy Limited

+0.07 (+0.81%)

USD0.96B 45.03 38.85
TRMD TORM plc

-0.09 (-1.08%)

USD0.66B 57.93 8.07
BKEPP Blueknight Energy Partners, L...

N/A

USD0.34B 7.98 N/A

ETFs Containing PAGP

Symbol Name Weight Mer Price(Change) Market Cap
EMLP First Trust North America.. 0.00 % 0.96 %

-0.04 (-0.17%)

USD2.06B
ZPRV:XETRA SSgA SPDR ETFs Europe II .. 0.00 % 0.30 %

-0.65 (-1.43%)

USD0.26B

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas Midstream)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 27.22% 50% F 76% C
Dividend Return 4.26% 67% D+ 92% A-
Total Return 31.48% 50% F 78% C+
Trailing 12 Months  
Capital Gain 29.52% 36% F 49% F
Dividend Return 8.67% 40% F 91% A-
Total Return 38.19% 36% F 55% F
Trailing 5 Years  
Capital Gain -63.27% 38% F 9% F
Dividend Return 21.89% 25% F 82% B-
Total Return -41.38% 38% F 13% F
Average Annual (5 Year Horizon)  
Capital Gain -20.30% 21% F 4% F
Dividend Return 5.73% 36% F 90% A-
Total Return -14.57% 21% F 6% F
Risk Return Profile  
Volatility (Standard Deviation) 31.74% 79% C+ 56% F
Risk Adjusted Return -45.89% 14% F 5% F
Market Capitalization 2.07B 86% B 75% C
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas Midstream)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 3.64 93% A 87% B+
Price/Book Ratio 1.34 64% D 75% C
Price / Cash Flow Ratio 1.37 100% A+ 54% F
EV/EBITDA 6.75 92% A- 79% C+
Management Effectiveness  
Return on Equity 5.66% 50% F 64% D
Return on Invested Capital 4.47% 36% F 65% D
Return on Assets 2.45% 43% F 68% D+
Debt to Equity Ratio 83.84% 42% F 26% F
Technical Ratios  
Short Ratio 2.35 57% F 52% F
Short Percent 3.25% 43% F 49% F
Beta 2.18 64% D 10% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.