Plains All American Pipeline LP [NASDAQ: PAA] traded at a high on Wednesday, posting a 0.30 gain after which it closed the day’ session at $16.95.
The results of the trading session contributed to over 4703159 shares changing hands. Over the past one week, the price volatility of Plains All American Pipeline LP stands at 3.05% while the volatility over the past one month is 1.96%.
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The market cap for PAA stock reached $11.93 billion, with 701.01 million shares outstanding and 454.89 million shares in the current float. Compared to the average trading volume of 2.42M shares, PAA reached a trading volume of 4703159 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 LP [PAA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAA shares is $20.25 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 2.38. 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.
Morgan Stanley have made an estimate for Plains All American Pipeline LP shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 25, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on October 17, 2024, representing the official price target for Plains All American Pipeline LP stock. Previously, the target price had yet another raise to $23, while Scotiabank analysts kept a Sector Outperform rating on PAA stock.
The Average True Range (ATR) for Plains All American Pipeline LP is set at 0.40, with the Price to Sales ratio for PAA stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 0.91. Price to Free Cash Flow for PAA in the course of the last twelve months was 5.51 with Quick ratio for the last quarter at 0.92.
How has PAA stock performed recently?
Plains All American Pipeline LP [PAA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.75. With this latest performance, PAA shares dropped by -2.47% in over the last four-week period, additionally sinking by -2.08% over the last 6 months – not to mention a rise of 10.50% 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 46.28, with the RSI for the last a single of trading hit 46.22, and the three-weeks RSI is set at 46.27 for Plains All American Pipeline LP [PAA]. The present Moving Average for the last 50 days of trading for this stock 17.35, while it was recorded at 17.24 for the last single week of trading, and 17.34 for the last 200 days.
Plains All American Pipeline LP [PAA]: Deeper insight into the fundamentals
Plains All American Pipeline LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.92 and a Current Ratio set at 1.01.
Insider trade positions for Plains All American Pipeline LP [PAA]
There are presently around $42.53%, or 64.43%% of PAA stock, in the hands of institutional investors. The top three institutional holders of PAA stocks are: ALPS ADVISORS INC with ownership of 63.68 million shares, which is approximately 9.0838%. BLACKSTONE INC., holding 29.64 million shares of the stock with an approximate value of $$529.3 million in PAA stocks shares; and BLACKSTONE INC., currently with $$487.15 million in PAA stock with ownership which is approximately 3.891%.
