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

Plains All American Pipeline LP (NASDAQ: PAA) is 11.55% higher on its value in year-to-date trading and has touched a low of $13.03 and a high of $19.03 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 $16.89 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $16.90, the stock is -1.54% and -3.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 0.06% at the moment leaves the stock 5.09% off its SMA200. PAA registered 21.76% gain for a year compared to 6-month gain of 11.11%.

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The stock witnessed a -4.30% loss in the last 1 month and extending the period to 3 months gives it a 1.08%, and is -0.65% down 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 2.06% over the week and 1.86% over the month.

Plains All American Pipeline LP (PAA) has around 4200 employees, a market worth around $11.85B and $48.57B in sales. Current P/E ratio is 14.46 and Fwd P/E is 11.73. Profit margin for the company is 1.68%. Distance from 52-week low is 29.70% and -11.19% from its 52-week high. The company has generated returns on investments over the last 12 months (4.57%).

with sales reaching $12.34B over the same period.The EPS is expected to shrink by -4.35% this year, but quarterly earnings will post -3.90% year-over-year.

Plains All American Pipeline LP (PAA) Top Institutional Holders

The shares outstanding are 701.01M, and float is at 456.16M with Short Float at 3.02%.

Plains All American Pipeline LP (PAA) Insider Activity

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 ’23 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.

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