Plains All American Pipeline L.P. [NASDAQ: PAA] traded at a low on 06/16/21, posting a -0.25 loss after which it closed the day’ session at $12.10. The company report on June 8, 2021 that Plains All American Executes Definitive Agreements for $850 million Sale of Natural Gas Storage Assets to Hartree Partners.
Transaction positions Plains to exceed $750 million 2021 asset sales target (estimated closing: 3Q21).
Plains All American (Nasdaq: PAA & PAGP) and Hartree Partners, LP (“Hartree”) announced the execution of definitive agreements whereby Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree for a total cash consideration of $850 million (the “transaction”).
The results of the trading session contributed to over 3877956 shares changing hands. Over the past one week, the price volatility of Plains All American Pipeline L.P. stands at 2.83% while the volatility over the past one month is 2.94%.
The market cap for PAA stock reached $8.75 billion, with 722.00 million shares outstanding and 470.95 million shares in the current float. Compared to the average trading volume of 4.34M shares, PAA reached a trading volume of 3877956 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $11.91 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 0.35, with the Price to Sales ratio for PAA stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 1.14, with the Price to Cash per share for the same quarter was set at 0.04. Price to Free Cash Flow for PAA in the course of the last twelve months was 11.13 with Quick ratio for the last quarter at 0.80.
How has PAA stock performed recently?
Plains All American Pipeline L.P. [PAA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.17. With this latest performance, PAA shares gained by 15.79% in over the last four-week period, additionally plugging by 40.86% over the last 6 months – not to mention a rise of 17.48% 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 76.69, with the RSI for the last a single of trading hit 77.49, and the three-weeks RSI is set at 73.67 for Plains All American Pipeline L.P. [PAA]. The present Moving Average for the last 50 days of trading for this stock 10.13, while it was recorded at 12.14 for the last single week of trading, and 8.61 for the last 200 days.
Plains All American Pipeline L.P. [PAA]: Deeper insight into the fundamentals
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 0.80 and a Current Ratio set at 0.90.
Earnings analysis for Plains All American Pipeline L.P. [PAA]
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.
Insider trade positions for Plains All American Pipeline L.P. [PAA]
There are presently around $3,945 million, or 45.60% of PAA stock, in the hands of institutional investors. The top three institutional holders of PAA stocks are: ALPS ADVISORS INC with ownership of 54,382,411, which is approximately 4.8% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKSTONE GROUP INC, holding 34,573,433 shares of the stock with an approximate value of $418.34 million in PAA stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $353.62 million in PAA stock with ownership of nearly 1.127% 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 141 institutional holders increased their position in Plains All American Pipeline L.P. [NASDAQ:PAA] by around 19,708,828 shares. Additionally, 141 investors decreased positions by around 30,921,253 shares, while 92 investors held positions by with 275,378,696 shares. The mentioned changes placed institutional holdings at 326,008,777 shares, according to the latest SEC report filing. PAA stock had 34 new institutional investments in for a total of 1,150,308 shares, while 37 institutional investors sold positions of 9,632,627 shares during the same period.