Plains All American Pipeline LP (NASDAQ: PAA) is -4.98% lower on its value in year-to-date trading and has touched a low of $15.57 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 $16.17 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $16.23, the stock is -5.98% and -13.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.82 million and changing 0.37% at the moment leaves the stock -10.87% off its SMA200. PAA registered -5.80% loss for a year compared to 6-month gain of -0.25%.
The stock witnessed a -6.40% loss in the last 1 month and extending the period to 3 months gives it a -19.25%, and is -10.28% 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 3.11% over the week and 4.13% over the month.
Plains All American Pipeline LP (PAA) has around 4200 employees, a market worth around $11.42B and $50.30B in sales. Current P/E ratio is 22.18 and Fwd P/E is 10.62. Profit margin for the company is 1.02%. Distance from 52-week low is 4.21% and -22.71% from its 52-week high. The company has generated returns on investments over the last 12 months (2.95%).
The EPS is expected to grow by 3.36% this year.
Plains All American Pipeline LP (PAA) Top Institutional Holders
The shares outstanding are 703.77M, and float is at 454.75M with Short Float at 2.11%.
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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