Plains All American Pipeline LP (PAA) concluded trading on Thursday at a closing price of $16.27, with 3.76 million shares of worth about $61.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.57% during that period and on October 31, 2024 the price saw a loss of about -2.98%. 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 -4.85% in past 5 days and over the past one month there was a price change of -6.17%. Year-to-date (YTD), PAA shares are showing a performance of 7.39% which increased to 7.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.46 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 2.20 million. The stock is currently trading -5.57% below its 20-day simple moving average (SMA20), while that difference is down -6.84% for SMA50 and it goes to -5.88% lower 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 41.02% of that.
The stock has a current market capitalization of $11.41B and its 3Y-monthly beta is at 1.58. PE ratio of stock for trailing 12 months is 14.79, 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 1.51% while standing at 1.48% over the month.
Stock’s fiscal year EPS is expected to drop by -4.59% while it is estimated to increase by 5.22% in next year.
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 Morgan Stanley on October 25, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $22 and $19 to it. Coverage by BofA Securities stated Plains All American Pipeline LP (PAA) stock as a Neutral in their note to investors on October 17, 2024, suggesting a price target of $18 for the stock. On April 08, 2024, Scotiabank Resumed their recommendations, while on October 06, 2023, Goldman Resumed their ratings for the stock with a price target of $13.50. Stock get an Underweight rating from Barclays on September 25, 2023.
