This Is What Plains GP Holdings, L.P. (PAGP) And Just Energy Group Inc. (JE) Investors Need To Do

The stocks of Plains GP Holdings, L.P. (NYSE:PAGP) has been Upgraded as a Outperform from Peer Perform by Wolfe Research in its latest research note that was published on June 13. The stock also received a Neutral to Buy rating from Goldman. This was contained in a research note published by the firm on January 03. The stock received a Hold to Buy rating in Jefferies’s research note that was published on December 20.

Plains’s stock is covered by 18 analysts, with 14 of them rating the stock as Buy. It has been deemed to have strong buy by 1 of the analysts, 3 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 13 analysts. 1 of them rated it as strong buy with 3 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that PAGP has an average analyst rating of Buy.

Plains GP Holdings, L.P., which has current market capitalization of above $5 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $8 Billion in revenue, which saw a quarterly growth rate of 0 percent. During the that quarter of the year, Plains also recorded $0.4 earnings per share (EPS) which is $0.08 above the $0.32 estimated by the analysts, leading to a surprise factor of 25%.

PAGP declined by $-0.01 during the normal trading session on Tuesday and reaching a high of $20.45 during the day while it closed the day at $20.05. The Plains stock had a high trading volume of 1.98 million shares on that day, which is high compared to the average daily volume of 1.63M shares. PAGP has also lost 5.38% of its value over the past 7 days. However, the stock has declined by 20.72% in the 3 months of the year. Over the past six months meanwhile, it has lost 18.50% while it has lost 0.25% year-on date.

Shares in Just Energy Group Inc. (NYSE:JE) fell by -3.90 percent on Tuesday. The company’s stock began trading at $2.22 below the previous closing price of $2.31, and finished the day at $2.1. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -52.49% from its 3 months high price. However, taking another look at JE will indicate that it is trading +94.44% away from its 90-day low. Looking at the bigger picture, the Just Energy Group Inc. stock has dropped by -52.49% from its 52-week high while it has surged by +94.44% from its 52-week low price.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that JE stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that Just has a 20-day average volume of 2314381 shares. This has led to the JE price forecast being placed as a 50% Sell on an average basis. In the medium term, however, the JE stock has its 50-Day average volume of 1673694 shares, with the indicators also rating it as a 50% Sell. Finally, in the long-term, the JE stocks have a 100-Day average volume of 1052549 shares, with the long-term indicators rating the stock as just 100% Sell.

Just has around 5 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $752 Million. The Just stock is bringing in revenue of over 12 months, which is roughly 0. Despite all that, Just Energy Group Inc. is seeing things declining very much as their y-o-y quarterly revenue dropped by -23.88%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 41.13%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 67.44%. Over the past 20 days, Just’s Stochastic %K stood at 78.7% while its Stochastic %D was revealed to be 81.53%.