Plains All American Pipeline LP (NASDAQ: PAA) is 13.14% higher on its value in year-to-date trading and has touched a low of $14.46 and a high of $19.17 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 $16.95 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $17.14, the stock is 0.84% and -1.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing 1.12% at the moment leaves the stock -1.21% off its SMA200. PAA registered 10.72% gain for a year compared to 6-month gain of 0.76%. The firm has a 50-day simple moving average (SMA 50) of $17.3438 and a 200-day simple moving average (SMA200) of $17.34925.
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The stock witnessed a -1.89% loss in the last 1 month and extending the period to 3 months gives it a -2.28%, and is -3.60% 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 2.66% over the week and 1.97% over the month.
Plains All American Pipeline LP (PAA) has around 4200 employees, a market worth around $12.06B and $50.57B in sales. Current P/E ratio is 15.25 and Fwd P/E is 12.01. Profit margin for the company is 1.56%. Distance from 52-week low is 18.53% and -10.59% from its 52-week high. The company has generated returns on investments over the last 12 months (4.45%).
The EPS is expected to shrink by -5.45% this year
403.0 institutions hold shares in Plains All American Pipeline LP (PAA), with institutional investors hold 62.97% of the company’s shares. The shares outstanding are 701.01M, and float is at 454.89M with Short Float at 2.06%. Institutions hold 41.57% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 63.68 million shares valued at $1.14 billion. The investor’s holdings represent 9.0838 of the PAA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKSTONE INC. with 29.64 million shares valued at $529.3 million to account for 4.2277 of the shares outstanding. The other top investors are INVESCO LTD. which holds 27.28 million shares representing 3.891 and valued at over $487.15 million, while TORTOISE CAPITAL ADVISORS, L.L.C. holds 2.6896 of the shares totaling 18.85 million with a market value of $336.73 million.
Plains All American Pipeline LP (PAA) Insider Activity
The most recent transaction is an insider sale by Goebel Jeremy L., the company’s EVP & 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.
