Plains All American Pipeline LP (PAA) concluded trading on Thursday at a closing price of $17.32, with 5.85 million shares of worth about $101.36 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.36% during that period and on Thursday the price saw a gain of about 1.41%. Currently the company’s common shares owned by public are about 703.67M shares, out of which, 456.74M shares are available for trading.
Stock saw a price change of 1.11% in past 5 days and over the past one month there was a price change of -5.41%. Year-to-date (YTD), PAA shares are showing a performance of 1.41% which increased to 13.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.02 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 3.06 million. The stock is currently trading -0.71% below its 20-day simple moving average (SMA20), while that difference is down -0.31% for SMA50 and it goes to -1.44% lower than SMA200.
Plains All American Pipeline LP (NASDAQ: PAA) currently have 703.67M outstanding shares and institutions hold larger chunk of about 40.57% of that.
The stock has a current market capitalization of $12.19B and its 3Y-monthly beta is at 1.62. PE ratio of stock for trailing 12 months is 15.41, while it has posted earnings per share of $1.12 in the same period. It has Quick Ratio of 0.92 while making debt-to-equity ratio of 0.81. 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 2.12% while standing at 2.21% over the month.
Stock’s fiscal year EPS is expected to drop by -5.85% while it is estimated to increase by 6.43% 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 Wells Fargo on December 18, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $22 and $20 to it. Coverage by Morgan Stanley stated Plains All American Pipeline LP (PAA) stock as an Equal-weight in their note to investors on October 25, 2024, suggesting a price target of $19 for the stock. On October 17, 2024, BofA Securities Resumed their recommendations, while on April 08, 2024, Scotiabank Resumed their ratings for the stock with a price target of $23. Stock get a Sell rating from Goldman on October 06, 2023.
