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 -14.31% downside from PAGP’s last price of $18.73) 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 -14.31% downside from PAGP's last price of $18.73.
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% | 22.80% |
| Apr 16, 2024 | Selman Akyol | Stifel Nicolaus | $22.00 | $18.48 | 19.05% | 17.46% |
| Apr 12, 2024 | Theresa Chen | Barclays | $18.00 | $18.96 | -5.06% | -3.90% |
| Apr 12, 2024 | John Mackay | Goldman Sachs | $16.00 | $18.96 | -15.61% | -14.58% |
| Dec 09, 2022 | - | Citigroup | $14.00 | $12.26 | 14.19% | -25.25% |
| Dec 02, 2022 | - | Truist Financial | $15.00 | $12.90 | 16.28% | -19.91% |
| Nov 21, 2022 | - | J.P. Morgan | $14.00 | $12.46 | 12.36% | -25.25% |
| Aug 14, 2022 | Selman Akyol | Stifel Nicolaus | $16.00 | $11.84 | 35.14% | -14.58% |
| Aug 04, 2022 | - | UBS | $18.00 | $11.35 | 58.60% | -3.90% |
| Jul 08, 2022 | - | UBS | $17.00 | $10.33 | 64.57% | -9.24% |
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 22.80% increase from PAGP last price ($18.73).
Plains GP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $23.00 | $19.75 |
| Last Closing Price | $18.73 | $18.73 | $18.73 |
| Upside/Downside | -100.00% | 22.80% | 5.45% |
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 $18.73. This month's average price target is down -100.00% 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 | Jul 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 | - | $13.69B | $12.95B | $10.78B | $9.93B | $8.38B | $5.96B | $5.83B |
| Avg Forecast | $11.18B | $11.30B | $11.42B | $11.54B | $16.20B | $15.62B | $15.31B | $15.17B | $15.44B | $14.72B | $13.87B | $13.39B | $13.48B | $12.85B | $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 | $11.43B | $11.55B | $11.68B | $11.80B | $16.57B | $15.97B | $15.65B | $15.51B | $15.79B | $15.05B | $14.18B | $13.69B | $13.78B | $13.14B | $12.69B | $13.08B | $11.75B | $13.15B | $13.06B | $13.13B | $15.35B | $16.76B | $14.62B | $12.09B | $9.75B | $9.14B | $8.25B | $8.62B | $5.75B | $5.16B |
| Low Forecast | $10.93B | $11.05B | $11.17B | $11.29B | $15.84B | $15.27B | $14.96B | $14.83B | $15.10B | $14.39B | $13.56B | $13.09B | $13.17B | $12.56B | $12.13B | $12.50B | $11.23B | $12.01B | $12.49B | $12.55B | $14.68B | $16.03B | $14.62B | $11.94B | $9.63B | $9.02B | $8.15B | $8.51B | $5.67B | $5.09B |
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 0.96% | 0.91% | 0.96% | 0.86% | 0.87% | - | 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 0 analysts is $12.79B, with a low forecast of $12.50B, and a high forecast of $13.08B. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $690.00M | $340.00M | $745.00M | $470.00M | $390.00M | $649.00M | - | $309.00M | $526.00M | $223.00M | $218.00M | $408.00M | $219.00M | $292.00M |
| Avg Forecast | $551.50M | $557.42M | $563.41M | $569.46M | $799.25M | $770.61M | $754.97M | $748.15M | $761.81M | $726.31M | $684.03M | $660.54M | $664.72M | $633.91M | $612.09M | $483.87M | $566.70M | $619.66M | $630.29M | $382.50M | $740.55M | $597.38M | $721.06M | $302.37M | $436.29M | $543.07M | $629.19M | $239.03M | $464.14M | $422.77M |
| High Forecast | $563.85M | $569.90M | $576.03M | $582.21M | $817.15M | $787.86M | $771.88M | $764.91M | $778.88M | $742.57M | $699.35M | $675.33M | $679.61M | $648.11M | $625.80M | $580.64M | $579.40M | $648.46M | $644.41M | $459.00M | $757.14M | $716.85M | $721.06M | $362.85M | $523.55M | $651.68M | $755.03M | $286.84M | $556.97M | $507.32M |
| Low Forecast | $539.14M | $544.93M | $550.78M | $556.70M | $781.35M | $753.34M | $738.06M | $731.39M | $744.75M | $710.04M | $668.71M | $645.74M | $649.83M | $619.71M | $598.38M | $387.09M | $554.01M | $592.35M | $616.17M | $306.00M | $723.96M | $477.90M | $721.06M | $241.90M | $349.03M | $434.46M | $503.35M | $191.22M | $371.31M | $338.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 0.55% | 1.18% | 1.23% | 0.53% | 1.09% | - | 1.02% | 1.21% | 0.41% | 0.35% | 1.71% | 0.47% | 0.69% |
0 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $312.00M | $203.00M | $48.00M | $443.00M | $295.00M | $384.00M | - | $209.00M | $471.00M | $-24.00M | $-69.00M | $70.00M | $-20.00M | $17.00M |
| Avg Forecast | $85.22M | $58.04M | $56.81M | $67.02M | $84.73M | $61.15M | $58.95M | $68.39M | $91.24M | $71.75M | $79.32M | $91.32M | $89.49M | $72.97M | $77.69M | $83.02M | $78.33M | $59.24M | $50.91M | $65.63M | $79.47M | $-64.29M | $81.27M | $51.88M | $69.67M | $-58.45M | $-199.15M | $41.01M | $-42.39M | $24.61M |
| High Forecast | $87.70M | $59.73M | $58.47M | $68.97M | $87.20M | $62.93M | $60.67M | $70.38M | $93.90M | $73.84M | $81.63M | $93.98M | $92.09M | $103.70M | $79.95M | $99.62M | $99.69M | $98.74M | $52.39M | $78.75M | $81.79M | $-51.43M | $81.27M | $62.25M | $83.61M | $-46.76M | $-159.32M | $49.21M | $-33.91M | $29.54M |
| Low Forecast | $82.74M | $56.35M | $55.16M | $65.07M | $82.26M | $59.37M | $57.23M | $66.40M | $88.59M | $69.66M | $77.01M | $88.66M | $86.88M | $40.33M | $75.42M | $66.41M | $54.59M | $32.91M | $49.43M | $52.50M | $77.16M | $-77.15M | $81.27M | $41.50M | $55.74M | $-70.14M | $-238.98M | $32.81M | $-50.86M | $19.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.98% | 3.43% | 0.94% | 6.75% | 3.71% | -5.97% | - | 4.03% | 6.76% | 0.41% | 0.35% | 1.71% | 0.47% | 0.69% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $87.00M | $92.00M | $87.00M | $87.00M | $83.00M | $83.00M | - | $83.00M | $88.00M | $68.00M | $74.00M | $68.00M | $335.00M | $316.00M |
| Avg Forecast | $91.62M | $92.60M | $93.60M | $94.60M | $132.78M | $128.02M | $125.42M | $124.29M | $126.56M | $120.66M | $113.64M | $109.73M | $110.43M | $105.31M | $101.68M | $80.64M | $94.14M | $102.94M | $104.71M | $63.75M | $123.02M | $182.16M | $119.79M | $50.40M | $72.99M | $165.60M | $213.58M | $39.84M | $709.98M | $457.51M |
| High Forecast | $93.67M | $94.68M | $95.69M | $96.72M | $135.75M | $130.88M | $128.23M | $127.07M | $129.39M | $123.36M | $116.18M | $112.19M | $112.90M | $107.67M | $103.96M | $96.77M | $96.25M | $107.73M | $107.05M | $76.50M | $125.78M | $218.59M | $119.79M | $60.47M | $87.59M | $198.72M | $256.30M | $47.81M | $851.98M | $549.02M |
| Low Forecast | $89.56M | $90.53M | $91.50M | $92.48M | $129.80M | $125.15M | $122.61M | $121.50M | $123.72M | $117.96M | $111.09M | $107.27M | $107.95M | $102.95M | $99.41M | $64.52M | $92.03M | $98.40M | $102.36M | $51.00M | $120.27M | $145.73M | $119.79M | $40.32M | $58.39M | $132.48M | $170.86M | $31.87M | $567.99M | $366.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.89% | 0.83% | 1.36% | 0.67% | 0.46% | - | 1.65% | 1.21% | 0.41% | 0.35% | 1.71% | 0.47% | 0.69% |
Plains GP's average Quarter SG&A projection for Mar 24 is $80.64M, based on 0 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.45 | $0.20 | $0.25 | $2.28 | $1.52 | $0.36 | - | $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 | $0.31 | $0.30 | $0.35 | $0.46 | $0.36 | $0.40 | $0.46 | $0.45 | $0.37 | $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 | $0.45 | $0.30 | $0.30 | $0.35 | $0.44 | $0.32 | $0.31 | $0.36 | $0.48 | $0.37 | $0.41 | $0.48 | $0.47 | $0.53 | $0.41 | $0.48 | $0.51 | $0.50 | $0.27 | $0.44 | $0.42 | $0.49 | $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 | $0.30 | $0.29 | $0.34 | $0.45 | $0.35 | $0.39 | $0.45 | $0.44 | $0.20 | $0.38 | $0.46 | $0.28 | $0.17 | $0.25 | $0.42 | $0.39 | $0.46 | $0.41 | $0.48 | $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% | - | 2.21% | 11.05% | -0.71% | -1.51% | 1.33% | -0.52% | 0.43% |
According to 0 Wall Street analysts, Plains GP's projected average Quarter EPS for Mar 24 is $0.47, with a low estimate of $0.46 and a high estimate of $0.48. 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 | $13.00 | $13.00 | - | Hold |
| WES | Western Midstream Partners, LP | $39.57 | $37.67 | -4.80% | Hold |
| HESM | Hess Midstream LP | $36.71 | $34.33 | -6.48% | Hold |
| PAA | Plains All American Pipeline | $17.71 | $15.58 | -12.03% | Hold |
| MPLX | MPLX LP | $43.78 | $38.30 | -12.52% | Buy |
| PAGP | Plains GP | $18.73 | $16.05 | -14.31% | Buy |
| DTM | DT Midstream | $76.80 | $61.75 | -19.60% | Buy |
| TRGP | Targa Resources | $148.19 | $102.88 | -30.58% | Buy |
PAGP Forecast FAQ
Is Plains GP a good buy?
Yes, according to 11 Wall Street analysts, Plains GP (PAGP) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 6 'Buy' recommendations, accounting for 63.64% of PAGP's total ratings.
What is PAGP's price target?
Plains GP (PAGP) average price target is $16.05 with a range of $13 to $23, implying a -14.31% from its last price of $18.73. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Plains GP stock go up soon?
According to Wall Street analysts' prediction for PAGP stock, the company can go down by -14.31% (from the last price of $18.73 to the average price target of $16.05), up by 22.80% based on the highest stock price target, and down by -30.59% based on the lowest stock price target.
Can Plains GP stock reach $30?
PAGP's average twelve months analyst stock price target of $16.05 does not support the claim that Plains GP can reach $30 in the near future.
What are Plains GP's analysts' financial forecasts?
Plains GP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $62.3B (high $63.69B, low $60.9B), average EBITDA is $3.07B (high $3.14B, low $3B), average net income is $273.23M (high $281.18M, low $265.27M), average SG&A $510.5M (high $521.93M, low $499.06M), and average EPS is $1.39 (high $1.43, low $1.35). PAGP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $45.45B (high $46.46B, low $44.43B), average EBITDA is $2.24B (high $2.29B, low $2.19B), average net income is $267.09M (high $274.87M, low $259.31M), average SG&A $372.42M (high $380.76M, low $364.07M), and average EPS is $1.36 (high $1.4, low $1.32).
Did the PAGP's actual financial results beat the analysts' financial forecasts?
Based on Plains GP's last annual report (Dec 2023), the company's revenue was $48.71B, which missed the average analysts forecast of $49.67B by -1.93%. Apple's EBITDA was $2.41B, beating the average prediction of $2.2B by 9.41%. The company's net income was $1.22B, beating the average estimation of $254.11M by 382.08%. Apple's SG&A was $350M, missing the average forecast of $365.54M by -4.25%. Lastly, the company's EPS was $1.75, beating the average prediction of $1.39 by 26.00%. In terms of the last quarterly report (Dec 2023), Plains GP's revenue was $12.7B, beating the average analysts' forecast of $11.49B by 10.53%. The company's EBITDA was $690M, beating the average prediction of $566.7M by 21.76%. Plains GP's net income was $312M, beating the average estimation of $78.33M by 298.32%. The company's SG&A was $87M, missing the average forecast of $94.14M by -7.59%. Lastly, the company's EPS was $0.45, beating the average prediction of $0.398 by 13.18%