Plains All American Pipeline L.P. [NASDAQ: PAA] gained 0.33% on the last trading session, reaching $9.14 price per share at the time. The company report on May 5, 2021 that Plains All American Pipeline and Plains GP Holdings Report First-Quarter 2021 Results.
Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) reported first-quarter 2021 results and provided an update on other matters.
Plains All American Pipeline L.P. represents 728.00 million in outstanding shares, while the company has a total market value of $6.82 billion with the latest information. PAA stock price has been found in the range of $9.10 to $9.53.
If compared to the average trading volume of 4.81M shares, PAA reached a trading volume of 6867852 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Plains All American Pipeline L.P. [PAA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAA shares is $11.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PAA stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Plains All American Pipeline L.P. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on March 11, 2021. The new note on the price target was released on February 01, 2021, representing the official price target for Plains All American Pipeline L.P. stock.
The Average True Range (ATR) for Plains All American Pipeline L.P. is set at 0.28, with the Price to Sales ratio for PAA stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 0.91, with the Price to Cash per share for the same quarter was set at 0.03. Price to Free Cash Flow for PAA in the course of the last twelve months was 8.08 with Quick ratio for the last quarter at 0.70.
Trading performance analysis for PAA stock
Plains All American Pipeline L.P. [PAA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.48. With this latest performance, PAA shares dropped by 0.00% in over the last four-week period, additionally plugging by 40.62% over the last 6 months – not to mention a rise of 10.92% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PAA stock in for the last two-week period is set at 48.99, with the RSI for the last a single of trading hit 47.87, and the three-weeks RSI is set at 49.65 for Plains All American Pipeline L.P. [PAA]. The present Moving Average for the last 50 days of trading for this stock 9.23, while it was recorded at 9.19 for the last single week of trading, and 8.16 for the last 200 days.
Plains All American Pipeline L.P. [PAA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Plains All American Pipeline L.P. [PAA] shares currently have an operating margin of +4.90 and a Gross Margin at +6.04. Plains All American Pipeline L.P.’s Net Margin is presently recorded at -10.99.
Return on Total Capital for PAA is now 5.28, given the latest momentum, and Return on Invested Capital for the company is -12.36. Return on Equity for this stock declined to -22.88, with Return on Assets sitting at -9.75. When it comes to the capital structure of this company, Plains All American Pipeline L.P. [PAA] has a Total Debt to Total Equity ratio set at 110.58. Additionally, PAA Total Debt to Total Capital is recorded at 52.51, with Total Debt to Total Assets ending up at 43.30. Long-Term Debt to Equity for the company is recorded at 132.84, with the Long-Term Debt to Total Capital now at 48.01.
Reflecting on the efficiency of the workforce at the company, Plains All American Pipeline L.P. [PAA] managed to generate an average of -$589,091 per employee. Receivables Turnover for the company is 7.38 with a Total Asset Turnover recorded at a value of 0.89.Plains All American Pipeline L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.
Plains All American Pipeline L.P. [PAA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Plains All American Pipeline L.P. posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.28/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -53.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PAA.
An analysis of insider ownership at Plains All American Pipeline L.P. [PAA]
There are presently around $3,073 million, or 47.10% of PAA stock, in the hands of institutional investors. The top three institutional holders of PAA stocks are: ALPS ADVISORS INC with ownership of 51,891,738, which is approximately 5.787% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKSTONE GROUP INC, holding 34,879,302 shares of the stock with an approximate value of $318.8 million in PAA stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $264.13 million in PAA stock with ownership of nearly -10.98% of the company’s market capitalization.
Positions in Plains All American Pipeline L.P. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 146 institutional holders increased their position in Plains All American Pipeline L.P. [NASDAQ:PAA] by around 38,515,422 shares. Additionally, 146 investors decreased positions by around 34,175,704 shares, while 85 investors held positions by with 263,489,628 shares. The mentioned changes placed institutional holdings at 336,180,754 shares, according to the latest SEC report filing. PAA stock had 48 new institutional investments in for a total of 5,195,295 shares, while 40 institutional investors sold positions of 2,511,793 shares during the same period.