Plains All American Pipeline LP (PAA) Stock Could Soon Reward Patient Investors

Plains All American Pipeline LP (NASDAQ: PAA) is 4.09% higher on its value in year-to-date trading and has touched a low of $11.28 and a high of $16.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAA stock was last observed hovering at around $15.40 in the last trading session, with the day’s gains setting it 0.37%.

Currently trading at $15.77, the stock is 0.91% and 2.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.92 million and changing 2.40% at the moment leaves the stock 6.83% off its SMA200. PAA registered 25.96% gain for a year compared to 6-month gain of 3.41%. The firm has a 50-day simple moving average (SMA 50) of $0.39 and a 200-day simple moving average (SMA200) of $6.52.

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The stock witnessed a 1.74% loss in the last 1 month and extending the period to 3 months gives it a 4.16%, and is 3.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.29% over the week and 1.84% over the month.

Plains All American Pipeline LP (PAA) has around Jan 30 2024 employees, a market worth around $11.05B and $48.74B in sales. Current P/E ratio is 11.29 and Fwd P/E is 11.08. Profit margin for the company is 2.00%. Distance from 52-week low is 39.80% and -3.61% from its 52-week high. The company has generated returns on investments over the last 12 months (5.42%).

Plains All American Pipeline LP quarterly earnings per share for the current quarter are estimated at $0.4 with sales reaching $12.42B over the same period.The EPS is expected to shrink by -3.11% this year, but quarterly earnings will post 11.70% year-over-year. Quarterly sales are estimated to shrink -19.00% in year-over-year returns.

Plains All American Pipeline LP (PAA) Top Institutional Holders

377 institutions hold shares in Plains All American Pipeline LP (PAA), with institutional investors hold 63.14% of the company’s shares. The shares outstanding are 698.35M, and float is at 463.32M with Short Float at 2.25%. Institutions hold 41.69% of the Float.

The top institutional shareholder in the company is Alps Advisors Inc. with over 58.62 million shares valued at $826.61 million. The investor’s holdings represent 8.39% of the PAA Shares outstanding. As of Jun 29, 2023, the second largest holder is Invesco Ltd. with 29.93 million shares valued at $422.03 million to account for 4.29% of the shares outstanding. The other top investors are Tortoise Capital Advisors, LLC which holds 20.88 million shares representing 2.99% and valued at over $294.38 million, while Goldman Sachs Group Inc holds 2.78% of the shares totaling 19.44 million with a market value of $274.07 million.

Plains All American Pipeline LP (PAA) Insider Activity

A total of 17 insider transactions have happened at Plains All American Pipeline LP (PAA) in the last six months, with sales accounting for 9 and purchases happening 8 times. The most recent transaction is an insider sale by Goebel Jeremy L.,the company’sEVP & CCO. SEC filings show that Goebel Jeremy L. sold 35,000 shares of the company’s common stock on Nov 21 at a price of $15.58 per share for a total of $0.55 million. Following the sale, the insider now owns 0.28 million shares.

Plains All American Pipeline LP (PAA): Who are the competitors?

The company’s main competitors (and peers) include NuSTAR Energy L.P. (NS) that is trading 32.52% up over the past 12 months. Delek Logistics Partners L.P. (DKL) that is -3.38% lower over the same period.