Market Analysts see Plains All American Pipeline L.P. [PAA] gaining to $14. Time to buy?


Plains All American Pipeline L.P. [NASDAQ: PAA] traded at a high on 06/07/22, posting a 1.87 gain after which it closed the day’ session at $11.98. The company report on May 4, 2022 that Plains All American Reports First-Quarter 2022 Results.

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Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported first-quarter 2022 results and provided the following updates:.

Reported first-quarter Net income attributable to PAA of $187 million and Net cash provided by operating activities of $340 million.

The results of the trading session contributed to over 4021410 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 3.21%.

The market cap for PAA stock reached $8.33 billion, with 705.00 million shares outstanding and 456.36 million shares in the current float. Compared to the average trading volume of 5.36M shares, PAA reached a trading volume of 4021410 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 $14.05 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 2.10. 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.

Credit Suisse 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 May 12, 2022. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on May 02, 2022, representing the official price target for Plains All American Pipeline L.P. stock. Previously, the target price had yet another raise to $14.50, while Bernstein analysts kept a Outperform rating on PAA 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 1.09, with the Price to Cash per share for the same quarter was set at 0.16. Price to Free Cash Flow for PAA in the course of the last twelve months was 11.07 with Quick ratio for the last quarter at 0.90.

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 5.18. With this latest performance, PAA shares gained by 9.71% in over the last four-week period, additionally plugging by 27.85% over the last 6 months – not to mention a drop of -0.75% 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 68.18, with the RSI for the last a single of trading hit 74.21, and the three-weeks RSI is set at 63.74 for Plains All American Pipeline L.P. [PAA]. The present Moving Average for the last 50 days of trading for this stock 11.00, while it was recorded at 11.81 for the last single week of trading, and 10.42 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 +4.71 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 0.90.

Earnings analysis for Plains All American Pipeline L.P. [PAA]

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%.

Insider trade positions for Plains All American Pipeline L.P. [PAA]

There are presently around $3,725 million, or 44.50% of PAA stock, in the hands of institutional investors. The top three institutional holders of PAA stocks are: ALPS ADVISORS INC with ownership of 58,378,767, which is approximately 11.185% of the company’s market cap and around 35.05% of the total institutional ownership; BLACKSTONE INC., holding 25,070,581 shares of the stock with an approximate value of $294.83 million in PAA stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $263.73 million in PAA stock with ownership of nearly -2.3% 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 138 institutional holders increased their position in Plains All American Pipeline L.P. [NASDAQ:PAA] by around 29,928,033 shares. Additionally, 126 investors decreased positions by around 35,945,553 shares, while 106 investors held positions by with 250,857,936 shares. The mentioned changes placed institutional holdings at 316,731,522 shares, according to the latest SEC report filing. PAA stock had 24 new institutional investments in for a total of 863,170 shares, while 32 institutional investors sold positions of 3,871,822 shares during the same period.