Market cap of Plains All American Pipeline L.P. [PAA] reaches 7.78B – now what?

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Plains All American Pipeline L.P. [NASDAQ: PAA] closed the trading session at $10.72 on 05/03/22. The day’s price range saw the stock hit a low of $10.39, while the highest price level was $10.76. The company report on April 21, 2022 that Atura Power and Plains All American Sign MOU for Underground Hydrogen Storage Feasibility.

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Atura Power (Atura) and Plains All American (Nasdaq: PAA & PAGP) (Plains) today announced they have signed a Memorandum of Understanding (MOU) pursuant to which they will conduct a low-carbon hydrogen (electrolyzer produced) and subsurface storage feasibility study and front-end engineering design (FEED) study related to Atura’s and Plains’ existing assets and operations located in Windsor, Ont. The prospective studies will analyze the technical and commercial feasibility of Atura designing, constructing and operating a 20-megawatt electrolyzer adjacent to its Brighton Beach Generating Station (BBGS), and Plains providing subsurface hydrogen storage service at its nearby Windsor salt-cavern product storage facility.

“We are excited to partner with Plains to explore options to produce and store hydrogen near our Brighton Beach Generating Station,” said Chris Fralick, Atura Power President. “Investigating sub-surface hydrogen storage at scale in Ontario is a crucial step to realizing hydrogen’s full net zero potential. Hydrogen can be produced during off-peak times, on a daily or seasonal basis, and stored as a long-term energy source. That stored hydrogen can be used to decarbonize the Ontario economy in applications such as high-emitting industries, heavy duty trucking and for long-term/seasonal storage of energy for the electricity grid.”.

The stocks have a year to date performance of 14.78 percent and weekly performance of 0.19 percent. The stock has been moved at 1.23 percent over the last six months. The stock has performed -1.56 percent around the most recent 30 days and changed -5.22 percent over the most recent 3-months.

If compared to the average trading volume of 6.07M shares, PAA reached to a volume of 4083439 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $13.62 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.

Truist have made an estimate for Plains All American Pipeline L.P. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2022. The new note on the price target was released on January 25, 2022, 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 0.36, with the Price to Sales ratio for PAA stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for PAA in the course of the last twelve months was 6.81 with Quick ratio for the last quarter at 0.90.

PAA stock trade performance evaluation

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 0.19. With this latest performance, PAA shares dropped by -1.56% in over the last four-week period, additionally plugging by 1.23% over the last 6 months – not to mention a rise of 17.67% 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 46.89, with the RSI for the last a single of trading hit 46.30, and the three-weeks RSI is set at 48.05 for Plains All American Pipeline L.P. [PAA]. The present Moving Average for the last 50 days of trading for this stock 10.83, while it was recorded at 10.58 for the last single week of trading, and 10.28 for the last 200 days.

Plains All American Pipeline L.P. [PAA]: An insightful look at the core 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 +4.71 and a Gross Margin at +5.39. Plains All American Pipeline L.P.’s Net Margin is presently recorded at +1.38.

Return on Equity for this stock inclined to 6.04, with Return on Assets sitting at 2.23.

Plains All American Pipeline L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for Plains All American Pipeline L.P. [PAA] stock

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Plains All American Pipeline L.P. go to 6.53%.

Plains All American Pipeline L.P. [PAA]: Insider Ownership positions

There are presently around $3,349 million, or 46.40% of PAA stock, in the hands of institutional investors. The top three institutional holders of PAA stocks are: ALPS ADVISORS INC with ownership of 52,505,872, which is approximately 1.706% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKSTONE INC., holding 34,355,550 shares of the stock with an approximate value of $356.95 million in PAA stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $238.49 million in PAA stock with ownership of nearly -13.488% 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 133 institutional holders increased their position in Plains All American Pipeline L.P. [NASDAQ:PAA] by around 28,422,993 shares. Additionally, 136 investors decreased positions by around 25,522,434 shares, while 100 investors held positions by with 268,401,696 shares. The mentioned changes placed institutional holdings at 322,347,123 shares, according to the latest SEC report filing. PAA stock had 38 new institutional investments in for a total of 3,282,193 shares, while 22 institutional investors sold positions of 2,040,727 shares during the same period.