Plains GP (PAGP) Stock Forecast, Price Target & Predictions
PAGP Stock Forecast
Plains GP stock forecast is as follows: an average price target of $16.05 (represents a -14.67% downside from PAGP’s last price of $18.81) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
PAGP Price Target
The average price target for Plains GP (PAGP) is $16.05 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $13.00. This represents a potential -14.67% downside from PAGP's last price of $18.81.
PAGP Analyst Ratings
According to 11 Wall Street analysts, Plains GP's rating consensus is 'Buy'. The analyst rating breakdown for PAGP stock is 1 'Strong Buy' (9.09%), 6 'Buy' (54.55%), 2 'Hold' (18.18%), 2 'Sell' (18.18%), and 0 'Strong Sell' (0.00%).
Plains GP Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 05, 2024 | Selman Akyol | Stifel Nicolaus | $23.00 | $17.81 | 29.14% | 22.28% |
| Apr 16, 2024 | Selman Akyol | Stifel Nicolaus | $22.00 | $18.48 | 19.05% | 16.96% |
| Apr 12, 2024 | Theresa Chen | Barclays | $18.00 | $18.96 | -5.06% | -4.31% |
| Apr 12, 2024 | John Mackay | Goldman Sachs | $16.00 | $18.96 | -15.61% | -14.94% |
| Dec 09, 2022 | - | Citigroup | $14.00 | $12.26 | 14.19% | -25.57% |
| Dec 02, 2022 | - | Truist Financial | $15.00 | $12.90 | 16.28% | -20.26% |
| Nov 21, 2022 | - | J.P. Morgan | $14.00 | $12.46 | 12.36% | -25.57% |
| Aug 14, 2022 | Selman Akyol | Stifel Nicolaus | $16.00 | $11.84 | 35.14% | -14.94% |
| Aug 04, 2022 | - | UBS | $18.00 | $11.35 | 58.60% | -4.31% |
| Jul 08, 2022 | - | UBS | $17.00 | $10.33 | 64.57% | -9.62% |
The latest Plains GP stock forecast, released on Aug 05, 2024 by Selman Akyol from Stifel Nicolaus, set a price target of $23.00, which represents a 29.14% increase from the stock price at the time of the forecast ($17.81), and a 22.28% increase from PAGP last price ($18.81).
Plains GP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $19.75 |
| Last Closing Price | $18.81 | $18.81 | $18.81 |
| Upside/Downside | -100.00% | -100.00% | 5.00% |
In the current month, the average price target of Plains GP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Plains GP's last price of $18.81. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jun 10, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| May 06, 2024 | Citigroup | Neutral | Neutral | Hold |
| Apr 12, 2024 | Barclays | Underweight | Underweight | Hold |
| Apr 12, 2024 | Goldman Sachs | Sell | Sell | Hold |
| Apr 21, 2023 | Raymond James | - | Strong Buy | Upgrade |
| Dec 09, 2022 | Citigroup | - | Buy | Initialise |
| Aug 04, 2022 | UBS | Buy | Buy | Hold |
| Jul 19, 2022 | Bank of America Securities | - | Neutral | Upgrade |
| Jul 08, 2022 | UBS | Buy | Buy | Hold |
| May 12, 2022 | Credit Suisse | - | Outperform | Upgrade |
Plains GP's last stock rating was published by Morgan Stanley on Jun 10, 2024. The company gave PAGP a "Overweight" rating, the same as its previous rate.
Plains GP Financial Forecast
Plains GP Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.70B | $12.07B | $11.60B | $12.34B | $12.95B | $14.34B | $16.36B | $13.69B | $12.95B | $10.78B | $9.93B | $8.38B | $5.96B | $5.83B |
| Avg Forecast | $11.09B | $11.21B | $11.33B | $11.45B | $15.69B | $15.23B | $14.77B | $14.63B | $14.88B | $14.31B | $13.57B | $13.39B | $13.46B | $13.11B | $12.41B | $12.79B | $11.49B | $12.56B | $12.78B | $12.84B | $15.01B | $16.39B | $14.62B | $12.02B | $9.69B | $9.08B | $8.20B | $8.56B | $5.71B | $5.13B |
| High Forecast | $11.30B | $11.42B | $11.54B | $11.67B | $15.99B | $15.52B | $15.05B | $14.91B | $15.16B | $14.58B | $13.82B | $13.64B | $13.71B | $13.32B | $12.41B | $12.79B | $11.70B | $13.15B | $13.02B | $13.08B | $15.30B | $16.39B | $14.62B | $12.02B | $9.69B | $9.08B | $8.20B | $8.56B | $5.71B | $5.13B |
| Low Forecast | $10.91B | $11.03B | $11.15B | $11.27B | $15.44B | $14.99B | $14.54B | $14.40B | $14.65B | $14.08B | $13.35B | $13.17B | $13.25B | $12.89B | $12.41B | $12.79B | $11.30B | $12.01B | $12.57B | $12.64B | $14.77B | $16.39B | $14.62B | $12.02B | $9.69B | $9.08B | $8.20B | $8.56B | $5.71B | $5.13B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 0.96% | 0.91% | 0.96% | 0.86% | 0.87% | 1.12% | 1.14% | 1.34% | 1.19% | 1.21% | 0.98% | 1.04% | 1.14% |
Plains GP's average Quarter revenue forecast for Mar 24 based on 1 analysts is $12.79B, with a low forecast of $12.79B, and a high forecast of $12.79B. PAGP's average Quarter revenue forecast represents a 0.74% increase compared to the company's last Quarter revenue of $12.70B (Dec 23).
Plains GP EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $690.00M | $340.00M | $745.00M | $470.00M | $390.00M | $649.00M | $394.00M | $309.00M | $526.00M | $223.00M | $218.00M | $408.00M | $219.00M | $292.00M |
| Avg Forecast | $417.87M | $422.36M | $426.89M | $431.48M | $591.17M | $573.96M | $556.67M | $551.25M | $560.83M | $539.28M | $511.21M | $504.34M | $507.19M | $493.88M | $467.53M | $483.87M | $432.86M | $473.31M | $481.43M | $382.50M | $479.92M | $808.72M | $721.06M | $302.37M | $478.11M | $447.94M | $404.47M | $239.03M | $281.70M | $252.86M |
| High Forecast | $425.73M | $430.30M | $434.92M | $439.59M | $602.29M | $584.75M | $567.14M | $561.62M | $571.37M | $549.43M | $520.83M | $513.83M | $516.73M | $502.05M | $467.53M | $580.64M | $441.00M | $495.31M | $490.48M | $459.00M | $575.90M | $808.72M | $721.06M | $362.85M | $478.11M | $447.94M | $404.47M | $286.84M | $281.70M | $252.86M |
| Low Forecast | $411.18M | $415.60M | $420.06M | $424.57M | $581.71M | $564.77M | $547.76M | $542.43M | $551.85M | $530.65M | $503.03M | $496.27M | $499.08M | $485.70M | $467.53M | $387.09M | $425.93M | $452.45M | $473.73M | $306.00M | $383.93M | $808.72M | $721.06M | $241.90M | $478.11M | $447.94M | $404.47M | $191.22M | $281.70M | $252.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.59% | 0.72% | 1.55% | 1.23% | 0.81% | 0.80% | 0.55% | 1.02% | 1.10% | 0.50% | 0.54% | 1.71% | 0.78% | 1.15% |
1 analysts predict PAGP's average Quarter EBITDA for Mar 24 to be $483.87M, with a high of $580.64M and a low of $387.09M. This is -29.87% lower than Plains GP's previous annual EBITDA (Dec 23) of $690.00M.
Plains GP Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $312.00M | $203.00M | $48.00M | $443.00M | $295.00M | $384.00M | $203.00M | $209.00M | $471.00M | $-24.00M | $-69.00M | $70.00M | $-20.00M | $17.00M |
| Avg Forecast | $85.22M | $58.04M | $56.81M | $67.02M | $85.38M | $73.26M | $65.80M | $75.22M | $94.89M | $79.45M | $84.63M | $96.27M | $92.60M | $75.58M | $77.69M | $83.02M | $78.33M | $59.24M | $50.91M | $65.63M | $76.64M | $93.41M | $81.27M | $51.88M | $43.34M | $33.42M | $45.80M | $41.01M | $41.97M | $41.11M |
| High Forecast | $87.31M | $59.45M | $58.20M | $68.66M | $87.47M | $75.05M | $67.41M | $77.06M | $97.21M | $81.39M | $86.70M | $135.19M | $133.56M | $76.13M | $77.82M | $99.62M | $99.69M | $98.74M | $52.16M | $78.75M | $91.97M | $93.41M | $81.27M | $62.25M | $43.34M | $33.42M | $45.80M | $49.21M | $41.97M | $41.11M |
| Low Forecast | $83.45M | $56.83M | $55.63M | $65.62M | $83.60M | $71.73M | $64.43M | $73.66M | $92.91M | $77.80M | $82.87M | $57.35M | $49.86M | $75.02M | $77.55M | $66.41M | $54.59M | $32.91M | $49.85M | $52.50M | $61.31M | $93.41M | $81.27M | $41.50M | $43.34M | $33.42M | $45.80M | $32.81M | $41.97M | $41.11M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.98% | 3.43% | 0.94% | 6.75% | 3.85% | 4.11% | 2.50% | 4.03% | 10.87% | -0.72% | -1.51% | 1.71% | -0.48% | 0.41% |
Plains GP's average Quarter net income forecast for Mar 24 is $83.02M, with a range of $66.41M to $99.62M. PAGP's average Quarter net income forecast represents a -73.39% decrease compared to the company's last Quarter net income of $312.00M (Dec 23).
Plains GP SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $87.00M | $92.00M | $87.00M | $87.00M | $83.00M | $83.00M | $78.00M | $83.00M | $88.00M | $68.00M | $74.00M | $68.00M | $335.00M | $316.00M |
| Avg Forecast | $90.88M | $91.85M | $92.84M | $93.84M | $128.57M | $124.83M | $121.06M | $119.89M | $121.97M | $117.28M | $111.18M | $109.69M | $110.31M | $107.41M | $101.68M | $80.64M | $94.14M | $102.94M | $104.70M | $63.75M | $80.29M | $134.35M | $119.79M | $50.40M | $79.43M | $74.41M | $67.19M | $39.84M | $46.80M | $42.01M |
| High Forecast | $92.59M | $93.58M | $94.59M | $95.60M | $130.99M | $127.17M | $123.34M | $122.14M | $124.26M | $119.49M | $113.27M | $111.75M | $112.38M | $109.19M | $101.68M | $96.77M | $95.91M | $107.72M | $106.67M | $76.50M | $96.35M | $134.35M | $119.79M | $60.47M | $79.43M | $74.41M | $67.19M | $47.81M | $46.80M | $42.01M |
| Low Forecast | $89.42M | $90.38M | $91.36M | $92.34M | $126.51M | $122.83M | $119.13M | $117.97M | $120.02M | $115.41M | $109.40M | $107.93M | $108.54M | $105.63M | $101.68M | $64.52M | $92.63M | $98.40M | $103.03M | $51.00M | $64.23M | $134.35M | $119.79M | $40.32M | $79.43M | $74.41M | $67.19M | $31.87M | $46.80M | $42.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.89% | 0.83% | 1.36% | 1.03% | 0.62% | 0.65% | 1.65% | 1.11% | 0.91% | 1.10% | 1.71% | 7.16% | 7.52% |
Plains GP's average Quarter SG&A projection for Mar 24 is $80.64M, based on 1 Wall Street analysts, with a range of $64.52M to $96.77M. The forecast indicates a -7.31% fall compared to PAGP last annual SG&A of $87.00M (Dec 23).
Plains GP EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.45 | $0.20 | $0.25 | $2.28 | $1.52 | $0.36 | $0.16 | $1.08 | $2.43 | $-0.12 | $-0.35 | $0.36 | $-0.11 | $0.09 |
| Avg Forecast | $0.43 | $0.29 | $0.29 | $0.34 | $0.43 | $0.37 | $0.33 | $0.38 | $0.48 | $0.40 | $0.43 | $0.49 | $0.47 | $0.38 | $0.39 | $0.47 | $0.40 | $0.30 | $0.26 | $0.43 | $0.40 | $0.47 | $0.41 | $0.49 | $0.22 | $0.17 | $0.23 | $0.27 | $0.21 | $0.21 |
| High Forecast | $0.44 | $0.30 | $0.30 | $0.35 | $0.44 | $0.38 | $0.34 | $0.39 | $0.49 | $0.41 | $0.44 | $0.69 | $0.68 | $0.39 | $0.40 | $0.47 | $0.51 | $0.50 | $0.26 | $0.44 | $0.41 | $0.47 | $0.41 | $0.49 | $0.22 | $0.17 | $0.23 | $0.27 | $0.21 | $0.21 |
| Low Forecast | $0.42 | $0.29 | $0.28 | $0.33 | $0.42 | $0.36 | $0.33 | $0.37 | $0.47 | $0.39 | $0.42 | $0.29 | $0.25 | $0.38 | $0.39 | $0.47 | $0.28 | $0.17 | $0.25 | $0.42 | $0.40 | $0.47 | $0.41 | $0.49 | $0.22 | $0.17 | $0.23 | $0.27 | $0.21 | $0.21 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 0.67% | 0.97% | 5.28% | 3.77% | 0.76% | 0.39% | 2.21% | 11.05% | -0.71% | -1.51% | 1.33% | -0.52% | 0.43% |
According to 1 Wall Street analysts, Plains GP's projected average Quarter EPS for Mar 24 is $0.47, with a low estimate of $0.47 and a high estimate of $0.47. This represents a 4.56% increase compared to PAGP previous annual EPS of $0.45 (Dec 23).
Plains GP Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GEL | Genesis Energy | $11.56 | $13.00 | 12.46% | Buy |
| WES | Western Midstream Partners, LP | $37.44 | $38.17 | 1.95% | Hold |
| HESM | Hess Midstream LP | $36.07 | $34.33 | -4.82% | Hold |
| PAA | Plains All American Pipeline | $17.56 | $15.77 | -10.19% | Hold |
| PAGP | Plains GP | $18.81 | $16.05 | -14.67% | Buy |
| MPLX | MPLX LP | $47.58 | $39.09 | -17.84% | Buy |
| DTM | DT Midstream | $102.73 | $67.00 | -34.78% | Buy |
| TRGP | Targa Resources | $202.84 | $129.88 | -35.97% | Buy |