why Plains All American Pipeline L.P. [PAA] is a Good Choice for Investors After New Price Target of $13.80


Plains All American Pipeline L.P. [NASDAQ: PAA] gained 2.23% or 0.24 points to close at $11.00 with a heavy trading volume of 7504574 shares. The company report on July 27, 2022 that Plains All American Pipeline, L.P. and Plains GP Holdings Announce Appointment of New Board Member.

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Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced that Ellen R. DeSanctis has been appointed, effective August 15, 2022, as an independent member of the Board of Directors of PAA GP Holdings LLC (“GP Holdings”) serving in Class I. She will also serve as a member of the Audit Committee and Health, Safety, Environmental and Sustainability Committee. The GP Holdings Board has responsibility for managing the business and affairs of PAA and PAGP.

“We are pleased to welcome Ellen to our Board,” said CEO Willie Chiang. “With over 40 years of experience in the upstream energy sector, Ellen has a wealth of operations, technical, strategic planning and corporate communications expertise. We believe that her diverse, strategic and stakeholder-focused background will bring a valuable perspective to the Board, especially in the areas of energy transition and sustainability. We look forward to working with Ellen on our Board.”.

It opened the trading session at $10.82, the shares rose to $11.10 and dropped to $10.72, the range by which the price of stock traded the whole day. The daily chart for PAA points out that the company has recorded 4.96% gains over the past six months. However, it is still -27.31% lower than its most recent low trading price.

If we look at the average trading volume of 4.98M shares, PAA reached to a volume of 7504574 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 $13.80 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.

BofA Securities have made an estimate for Plains All American Pipeline L.P. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 19, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $13 to $14. The new note on the price target was released on May 12, 2022, representing the official price target for Plains All American Pipeline L.P. stock. Previously, the target price had yet another raise to $13, while Truist analysts kept a Buy rating on PAA stock.

The Average True Range (ATR) for Plains All American Pipeline L.P. is set at 0.42, with the Price to Sales ratio for PAA stock in the period of the last 12 months amounting to 0.17. The Price to Book ratio for the last quarter was 1.00, 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 10.45 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for PAA stock

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 1.10. With this latest performance, PAA shares gained by 8.59% in over the last four-week period, additionally plugging by 4.96% over the last 6 months – not to mention a rise of 8.80% 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 59.52, with the RSI for the last a single of trading hit 64.72, and the three-weeks RSI is set at 56.17 for Plains All American Pipeline L.P. [PAA]. The present Moving Average for the last 50 days of trading for this stock 10.64, while it was recorded at 10.76 for the last single week of trading, and 10.52 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 +4.71 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.

Plains All American Pipeline L.P. [PAA]: An earnings per share (EPS) analysis

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%.

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

There are presently around $3,413 million, or 44.40% of PAA stock, in the hands of institutional investors. The top three institutional holders of PAA stocks are: ALPS ADVISORS INC with ownership of 58,378,767, which is approximately 11.185% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKSTONE INC., holding 25,070,581 shares of the stock with an approximate value of $275.78 million in PAA stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $246.68 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 August and at the time of the August reporting period, where 130 institutional holders increased their position in Plains All American Pipeline L.P. [NASDAQ:PAA] by around 22,234,681 shares. Additionally, 129 investors decreased positions by around 41,761,613 shares, while 112 investors held positions by with 246,268,235 shares. The mentioned changes placed institutional holdings at 310,264,529 shares, according to the latest SEC report filing. PAA stock had 21 new institutional investments in for a total of 302,636 shares, while 35 institutional investors sold positions of 3,837,471 shares during the same period.