Plains All American Pipeline LP (NASDAQ: PAA) is -3.57% lower on its value in year-to-date trading and has touched a low of $16.21 and a high of $21.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PAA stock was last observed hovering at around $17.34 in the last trading session, with the day’s loss setting it -0.87%.
Currently trading at $16.47, the stock is -16.11% and -16.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.11 million and changing -5.02% at the moment leaves the stock -10.03% off its SMA200. PAA registered -9.95% loss for a year compared to 6-month gain of -6.53%. The firm has a 50-day simple moving average (SMA 50) of $19.8266 and a 200-day simple moving average (SMA200) of $18.306.
The stock witnessed a -14.88% loss in the last 1 month and extending the period to 3 months gives it a -5.24%, and is -17.65% 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 5.13% over the week and 2.67% over the month.
Plains All American Pipeline LP (PAA) has around 4200 employees, a market worth around $11.59B and $50.30B in sales. Current P/E ratio is 22.51 and Fwd P/E is 10.53. Profit margin for the company is 1.02%. Distance from 52-week low is 1.60% and -21.57% from its 52-week high. The company has generated returns on investments over the last 12 months (2.95%).
with sales reaching $13.28B over the same period.The EPS is expected to grow by 1.72% this year, but quarterly earnings will post 6.96% year-over-year. Quarterly sales are estimated to grow 10.74% in year-over-year returns.
Plains All American Pipeline LP (PAA) Top Institutional Holders
414.0 institutions hold shares in Plains All American Pipeline LP (PAA), with institutional investors hold 64.87% of the company’s shares. The shares outstanding are 703.77M, and float is at 454.75M with Short Float at 2.63%. Institutions hold 42.82% 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
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