Plains All American Pipeline LP (PAA) concluded trading on Wednesday at a closing price of $18.73, with 9.16 million shares of worth about $171.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.97% during that period and on January 08, 2025 the price saw a gain of about 6.24%. 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 9.66% in past 5 days and over the past one month there was a price change of 3.03%. Year-to-date (YTD), PAA shares are showing a performance of 9.66% which increased to 22.02% 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 3.25 million. The stock is currently trading 7.80% above its 20-day simple moving average (SMA20), while that difference is up 7.42% for SMA50 and it goes to 6.51% higher than SMA200.
Plains All American Pipeline LP (NASDAQ: PAA) currently have 703.67M outstanding shares and institutions hold larger chunk of about 40.32% of that.
The stock has a current market capitalization of $13.18B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 16.67, 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 2.40% while standing at 2.24% over the month.
Stock’s fiscal year EPS is expected to drop by -5.57% while it is estimated to increase by 5.93% 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.
