Plains Group Holdings, L.P. (NYSE:PAGP) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PAGP to report 3Q20 income of $ 0.23 per share.
For the full year, analysts anticipate top line of $ 21946.70 million, while looking forward to loss of $ 1.3 per share bottom line.
Previous Quarter Performance
Plains Group Holdings, L.P. announced income for the second quarter of $ 0.09 per share, from the revenue of $ 3,225.00 million. The quarterly earnings declined 77.50 percent while revenues down 60.92 percent compared with the same quarter last year.
According to street consensus, PAGP was expected to report 2Q20 income of $ 0.23 per share from revenue of $ 7902.45 million. The bottom line results missed street analysts by $ 0.14 or 60.87 percent, at the same time, top line results fell short of analysts by $ 4 million or 59.19 percent.
Stock Performance
On Friday, shares of Plains Group Holdings, L.P. has traded high as $ 6.45 and has cracked $ 6.00 on the downward trend, reaching $ 6.39 with volume of 4.09 million shares.
According to the previous trading day, closing price of $ 6.39, representing a 106.91 % increase from the 52 week low of $ 3.04 and a 68.58 % decrease over the 52 week high of $ 20.02.
The company has a market capital of $ 1.19 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 25th September 2020, upgraded by Morgan Stanley to Overweight from Underweight rating.
Conference Call
Plains Group Holdings, L.P. will be hosting a conference call at 5:30 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.plainsallamerican.com
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.
