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 $18.93 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $18.68, the stock is 0.43% and 4.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.41 million and changing -1.32% at the moment leaves the stock 2.45% off its SMA200. PAA registered 9.37% gain for a year compared to 6-month loss of -9.19%. The firm has a 50-day simple moving average (SMA 50) of $17.8784 and a 200-day simple moving average (SMA200) of $18.23245.
The stock witnessed a 4.07% gain in the last 1 month and extending the period to 3 months gives it a 2.64%, and is -1.22% 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 2.01% over the week and 1.77% over the month.
Plains All American Pipeline LP (PAA) has around 4200 employees, a market worth around $13.14B and $50.17B in sales. Current P/E ratio is 20.10 and Fwd P/E is 13.36. Profit margin for the company is 1.30%. Distance from 52-week low is 19.94% and -11.05% 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 2.16% this year.
Plains All American Pipeline LP (PAA) Top Institutional Holders
429.0 institutions hold shares in Plains All American Pipeline LP (PAA), with institutional investors hold 63.41% of the company’s shares. The shares outstanding are 703.78M, and float is at 457.60M with Short Float at 2.98%. Institutions hold 41.83% 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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