Plains All American Pipeline L.P. [PAA] Stock trading around $10.06 per share: What’s Next?

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Plains All American Pipeline L.P. [NASDAQ: PAA] gained 1.82% or 0.18 points to close at $10.06 with a heavy trading volume of 3861311 shares. The company report on November 2, 2021 that Plains All American Reports Third-Quarter 2021 Results.

Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) reported third-quarter 2021 results and provided the following updates:.


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Successfully completed formation of Plains Oryx Permian Basin strategic joint venture (closed October 5th); cashless transaction, debt-free entity, near-term free cash flow accretive to Plains and Oryx, with targeted JV synergies of $50–$100 million or more.

It opened the trading session at $9.91, the shares rose to $10.11 and dropped to $9.91, the range by which the price of stock traded the whole day. The daily chart for PAA points out that the company has recorded -4.19% loss over the past six months. However, it is still -27.99% lower than its most recent low trading price.

If we look at the average trading volume of 3.96M shares, PAA reached to a volume of 3861311 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 $13.32 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 2.20. 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.

Evercore ISI have made an estimate for Plains All American Pipeline L.P. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 15, 2021. The new note on the price target was released on October 29, 2021, representing the official price target for Plains All American Pipeline L.P. stock. Previously, the target price had yet another raise to $10.50, while BofA Securities analysts kept a Underperform rating on PAA 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 0.21. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 0.26. Price to Free Cash Flow for PAA in the course of the last twelve months was 8.80 with Quick ratio for the last quarter at 0.80.

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 -5.18. With this latest performance, PAA shares dropped by -7.28% in over the last four-week period, additionally sinking by -4.19% over the last 6 months – not to mention a rise of 18.21% 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 39.28, with the RSI for the last a single of trading hit 34.10, and the three-weeks RSI is set at 43.28 for Plains All American Pipeline L.P. [PAA]. The present Moving Average for the last 50 days of trading for this stock 10.39, while it was recorded at 10.16 for the last single week of trading, and 10.01 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 0.80 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 0.33/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -60.60%. 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.

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An analysis of insider ownership at Plains All American Pipeline L.P. [PAA]

There are presently around $3,192 million, or 45.00% of PAA stock, in the hands of institutional investors. The top three institutional holders of PAA stocks are: ALPS ADVISORS INC with ownership of 51,625,212, which is approximately 4.203% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKSTONE INC, holding 34,832,006 shares of the stock with an approximate value of $350.41 million in PAA stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $266.92 million in PAA stock with ownership of nearly -3.475% of the company’s market capitalization.

Positions in Plains All American Pipeline L.P. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 126 institutional holders increased their position in Plains All American Pipeline L.P. [NASDAQ:PAA] by around 17,688,826 shares. Additionally, 137 investors decreased positions by around 18,835,366 shares, while 92 investors held positions by with 280,813,625 shares. The mentioned changes placed institutional holdings at 317,337,817 shares, according to the latest SEC report filing. PAA stock had 27 new institutional investments in for a total of 1,790,876 shares, while 35 institutional investors sold positions of 2,568,946 shares during the same period.

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