Plains All American Pipeline L.P. [NASDAQ: PAA] closed the trading session at $15.21 on 08/29/23. The day’s price range saw the stock hit a low of $15.0325, while the highest price level was $15.22. The company report on August 4, 2023 at 8:00 AM that Plains All American Reports Second-Quarter 2023 Results and Provides Updated 2023 Guidance.
Announces Permian Bolt-On Acquisition and NGL Segment Updates.
The stocks have a year to date performance of 29.34 percent and weekly performance of -0.78 percent. The stock has been moved at 14.79 percent over the last six months. The stock has performed 2.22 percent around the most recent 30 days and changed 13.42 percent over the most recent 3-months.
If compared to the average trading volume of 3.67M shares, PAA reached to a volume of 3949239 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 $16.91 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 2.10. 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.
Raymond James have made an estimate for Plains All American Pipeline L.P. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on April 21, 2023.
The Average True Range (ATR) for Plains All American Pipeline L.P. is set at 0.23, 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 1.31, with the Price to Cash per share for the same quarter was set at 1.33. Price to Free Cash Flow for PAA in the course of the last twelve months was 4.56 with Quick ratio for the last quarter at 0.90.
PAA stock trade performance evaluation
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 -0.78. With this latest performance, PAA shares gained by 2.22% in over the last four-week period, additionally plugging by 14.79% over the last 6 months – not to mention a rise of 24.06% 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 57.16, with the RSI for the last a single of trading hit 54.27, and the three-weeks RSI is set at 58.63 for Plains All American Pipeline L.P. [PAA]. The present Moving Average for the last 50 days of trading for this stock 14.64, while it was recorded at 15.22 for the last single week of trading, and 13.10 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 +2.21 and a Gross Margin at +2.78. Plains All American Pipeline L.P.’s Net Margin is presently recorded at +1.81.
Return on Total Capital for PAA is now 5.65, given the latest momentum, and Return on Invested Capital for the company is 5.66. Return on Equity for this stock inclined to 10.31, with Return on Assets sitting at 3.65. 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 88.25. Additionally, PAA Total Debt to Total Capital is recorded at 46.88, with Total Debt to Total Assets ending up at 31.82. Long-Term Debt to Equity for the company is recorded at 98.45, with the Long-Term Debt to Total Capital now at 40.38.
Reflecting on the efficiency of the workforce at the company, Plains All American Pipeline L.P. [PAA] managed to generate an average of $251,707 per employee. Receivables Turnover for the company is 13.26 with a Total Asset Turnover recorded at a value of 2.02.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 1.40%.
Plains All American Pipeline L.P. [PAA]: Institutional Ownership
The top three institutional holders of PAA stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in PAA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in PAA stock with ownership which is approximately 5.7381%.