Currently, there are 703.67M common shares owned by the public and among those 456.74M shares have been available to trade.
The company’s stock has a 5-day price change of 10.35% and 9.67% over the past three months. PAA shares are trading 13.58% year to date (YTD), with the 12-month market performance up to 25.16% higher. It has a 12-month low price of $15.02 and touched a high of $19.31 over the same period. PAA has an average intraday trading volume of 3.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.47%, 10.37%, and 10.14% respectively.
Institutional ownership of Plains All American Pipeline LP (NASDAQ: PAA) shares accounts for 40.32% of the company’s 703.67M shares outstanding.
It has a market capitalization of $13.65B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 17.26, while the earnings-per-share (ttm) stands at $1.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.91% over the week and 2.27% over the month.
Analysts forecast that Plains All American Pipeline LP (PAA) will achieve an EPS of 0.41 for the current quarter, 0.4 for the next quarter and 1.4 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.37 while analysts give the company a high EPS estimate of 0.37. Comparatively, EPS for the current quarter was 0.42 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.26%, and 7.20% over the next financial year.
Looking at the support for the PAA, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on January 10, 2025, with the firm’s price target at $22. Scotiabank coverage for the Plains All American Pipeline LP (PAA) stock in a research note released on January 10, 2025 offered a Sector Outperform rating with a price target of $23. Wells Fargo was of a view on December 18, 2024 that the stock is Equal Weight, while Morgan Stanley gave the stock Equal-Weight rating on October 25, 2024, issuing a price target of $22- $19. BofA Securities on their part issued Neutral rating on October 17, 2024.
