Plains All American Pipeline LP (PAA) concluded trading on Thursday at a closing price of $17.30, with 4.82 million shares of worth about $83.4 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.06% during that period and on September 26, 2024 the price saw a loss of about -4.05%. Currently the company’s common shares owned by public are about 701.01M shares, out of which, 454.89M shares are available for trading.
Stock saw a price change of -3.19% in past 5 days and over the past one month there was a price change of -2.04%. Year-to-date (YTD), PAA shares are showing a performance of 14.19% which increased to 13.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.25 but also hit the highest price of $19.17 during that period. The average intraday trading volume for Plains All American Pipeline LP shares is 2.21 million. The stock is currently trading -1.96% below its 20-day simple moving average (SMA20), while that difference is down -2.75% for SMA50 and it goes to 1.67% higher than SMA200.
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Plains All American Pipeline LP (NASDAQ: PAA) currently have 701.01M outstanding shares and institutions hold larger chunk of about 40.99% of that.
The stock has a current market capitalization of $12.13B and its 3Y-monthly beta is at 1.57. PE ratio of stock for trailing 12 months is 15.72, while it has posted earnings per share of $1.10 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PAA, volatility over the week remained 2.48% while standing at 2.12% over the month.
Stock’s fiscal year EPS is expected to drop by -5.04% while it is estimated to increase by 4.85% in next year. EPS is likely to grow at an annualized rate of -1.70% for next 5-years, compared to annual growth of -12.41% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on April 08, 2024 offering a Sector outperform rating for the stock and assigned a target price of $23 to it. Coverage by Goldman stated Plains All American Pipeline LP (PAA) stock as a Sell in their note to investors on October 06, 2023, suggesting a price target of $13.50 for the stock. On September 25, 2023, Barclays Downgrade their recommendations, while on September 06, 2023, Citigroup Downgrade their ratings for the stock with a price target of $15.50. Stock get a Strong buy rating from Raymond James on April 21, 2023.
