Plains GP traded at $25.31 this Tuesday July 14th, increasing $0.07 or 0.28 percent since the previous trading session. Looking back, over the last four weeks, Plains GP gained 5.99 percent. Over the last 12 months, its price rose by 29.26 percent. Looking ahead, we forecast Plains GP to be priced at 24.23 by the end of this quarter and at 22.74 in one year, according to Trading Economics global macro models projections and analysts expectations.
Plains GP Holdings, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), and natural gas. It owns a network of pipeline transportation, terminalling, storage, and gathering assets in crude oil and NGL producing basins and transportation corridors and at market hubs in the United States and Canada. Its segments include Transportation, Facilities and Supply and Logistics. The Transportation segment consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems and trucks. The Facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. The Supply and Logistics segment include the purchase, logistics and resale of crude oil and NGL in North America.