Looking In The Rear-View Mirror: Plains GP Holdings, L.P. (PAGP), Empire State Realty Trust, Inc. (ESRT)

Plains GP Holdings, L.P. (NYSE:PAGP) average daily volatility for this week is 2.56% which is more than the 2.34% recorded over the past month. Its shares dropped by -14.26% or -$3.85 from its last recorded high of $27 which it attained on October 08 to close at $23.15 per share. Over the past 52 weeks, the shares of Plains GP Holdings, L.P. has been trading as low as $19.17 before witnessing a massive surge by 20.76% or $3.98. This price movement has led to the PAGP stock receiving more attention and has become one to watch out for. It dipped by -0.6% on Tuesday and this got the market worried. The stock’s beta now stands at 1.21 and when compared to its 200-day moving average and its 50-day moving average, PAGP price stands -2.28% below and 3.71% above respectively.

Plains GP Holdings, L.P. (PAGP) sank 0% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 9.96% and is now up by 15.17% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.09% fall over the past 30 days. Its equity price climbed by 2.48% over the past three months which led to its overall six-month decrease to stand at -13.1%.

Experts from research firms are bullish about the near-term performance of Plains GP Holdings, L.P. with most of them predicting a $27.89 price target on a short-term (12 months) basis. The average price target by the analysts will see a 20.48% rise in the stock and would lead to PAGP’s market cap to surge to $7.79B. The stock has been rated an average 1.9, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 19 analysts that track Plains GP Holdings, L.P. (NYSE:PAGP) and find out that 4 of them rated it as a Hold. 15 of the 15 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at PAGP technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 51.29 point. Its trading volume has added 267352 shares compared to readings over the past three months as it recently exchanged 2167352 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1900000 shares, and this is 1.14 times the normal volume.

The price of Empire State Realty Trust, Inc. (NYSE:ESRT) currently stands at $15.63 after it went up by $0.11 or 0.71% and has found a strong support at $15.5 a share. If the ESRT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $15.37 mark would also be bad for the stock as it means that the stock would plunge by 1.66% from its current position. However, if the stock price is able to trade above the resistance point around $15.71, then it could likely surge higher to try and break the upward resistance which stands at $15.79 a share. Its average daily volatility over the past one month stands at 1.8%. The stock has plunged by 1.15% from its 52-weeks high of $15.45 which it reached on Feb. 20, 2018. In general, it is 12.6% above its 52-weeks lowest point which stands at $13.66 and this setback was observed on Dec. 26, 2018.

The ESRT stock Stochastic Oscillator (%D) is at 76.86%, which means that it is currently neutral. The shares P/S ratio stands at 3.84 which compares to the 11.43 recorded by the industry or the 10.38 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 65.13, which is lower than the 77 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -17% over the past five years.

Analysts view Empire State Realty Trust, Inc. (NYSE:ESRT) as a Buy, with 0 consensus rating. Reuters surveyed 8 analysts that follow ESRT and found that 6 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Empire State Realty Trust, Inc. (ESRT) shares or sell it if they already own it.