Plains All American Pipeline LP [NASDAQ: PAA] traded at a high on Thursday, posting a 1.38 gain after which it closed the day’ session at $16.94.
The results of the trading session contributed to over 4998687 shares changing hands. Over the past one week, the price volatility of Plains All American Pipeline LP stands at 2.65% while the volatility over the past one month is 3.50%.
The market cap for PAA stock reached $11.92 billion, with 703.77 million shares outstanding and 454.75 million shares in the current float. Compared to the average trading volume of 3.77M shares, PAA reached a trading volume of 4998687 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 $21.41 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 2.37. 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.
Wolfe Research have made an estimate for Plains All American Pipeline LP shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on January 10, 2025, representing the official price target for Plains All American Pipeline LP stock. Previously, the target price had yet another drop from $22 to $20, while Wells Fargo kept a Equal Weight rating on PAA stock. On October 25, 2024, analysts decreased their price target for PAA shares from 22 to 19.
The Average True Range (ATR) for Plains All American Pipeline LP is set at 0.60, 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 1.59, with the Price to Cash per share for the same quarter was set at 0.49. Price to Free Cash Flow for PAA in the course of the last twelve months was 6.37 with Quick ratio for the last quarter at 0.88.
How has PAA stock performed recently?
Plains All American Pipeline LP [PAA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.38. With this latest performance, PAA shares gained by 5.68% in over the last four-week period, additionally plugging by 1.38% over the last 6 months – not to mention a drop of -3.80% 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 42.54, with the RSI for the last a single of trading hit 44.16, and the three-weeks RSI is set at 42.37 for Plains All American Pipeline LP [PAA]. The present Moving Average for the last 50 days of trading for this stock 18.56, while it was recorded at 16.54 for the last single week of trading, and 18.19 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 0.88 and a Current Ratio set at 0.97.
Earnings analysis for Plains All American Pipeline LP [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 LP go to 2.20%.
Insider trade positions for Plains All American Pipeline LP [PAA]
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%.
