Plains All American Pipeline LP (NASDAQ: PAA) is -1.58% 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 $16.54 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $16.81, the stock is -0.16% and -4.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing 1.63% at the moment leaves the stock -7.21% off its SMA200. PAA registered 0.36% gain for a year compared to 6-month loss of -4.87%. The firm has a 50-day simple moving average (SMA 50) of $17.7498 and a 200-day simple moving average (SMA200) of $18.1183.
The stock witnessed a 0.60% gain in the last 1 month and extending the period to 3 months gives it a -15.74%, and is 0.42% 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 1.19% over the week and 1.83% over the month.
Plains All American Pipeline LP (PAA) has around 4200 employees, a market worth around $11.82B and $50.17B in sales. Current P/E ratio is 18.09 and Fwd P/E is 11.12. Profit margin for the company is 1.30%. Distance from 52-week low is 7.93% and -19.95% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
The EPS is expected to grow by 4.96% this year.
Plains All American Pipeline LP (PAA) Top Institutional Holders
433.0 institutions hold shares in Plains All American Pipeline LP (PAA), with institutional investors hold 62.28% of the company’s shares. The shares outstanding are 703.78M, and float is at 457.18M with Short Float at 2.03%. Institutions hold 41.09% 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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