The Plains All American Pipeline L.P. (NYSE:PAA) is going up by 1.09% in today’s trading session, a rise equivalent to 0.19% of the stock’s price from yesterday’s market close. A news came out on 11/05/19 stating that Plains All American Pipeline, L.P. and Plains GP Holdings Report Third-Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $17.28, while the peak of the day was recorded at a share price of $17.55. PAA finished the previous session at $17.37 according to the data provided by Barchart, while the trading volume was observed to be $895975.
In the 100 days of trading, PAA managed to top a 21.37% Moving average. Additionally, Plains All American Pipeline L.P. shares have achieved a 52-week range between 17.28 and 25.27 alongside 100 days raw stochastic set at 3.01%.
The number of shares outstanding, according to the fundamentals of the company, is set at 734.43M, equal to the value of $12.76B in market capitalization. In the last 30 days, Plains All American Pipeline L.P. shares went down by -11.09%, adding 19.70 to growth in value, on top of a +1.39% boost since 10/15/19.
Plains All American Pipeline L.P. (NYSE:PAA) Analyst’s Estimates
Plains All American Pipeline L.P. (PAA) could record at least $0.49 per share in quarterly earnings in the upcoming report on 02/04/2020, a number that would actually represent an increase of 1.81 YOY.
According to the average analyst rating, Plains All American Pipeline L.P. would be rated as Buy. Out of 24 different analysts monitoring PAA stock, 19 analysts rate the stock as a BUY, 4 suggest to give the rating of HOLD, 1 indicate that PAA is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On July 17, 2019, the stock earned a Initiated rating due to a new analyst call from Piper Jaffray, while analysts from Wolfe Research believe that the stock is set at Outperform from Peer Perform, as concluded on June 13, 2019. Tudor Pickering, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on February 06, 2019.
Jefferies, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on December 20, 2018, giving the stock a Buy from the Hold rating.
PAA Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +6.94% has been attained, while the operating margin has been recorded at +6.01%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 8.68%. Beta value of the stock is recorded at 1.00. Additionally, Plains All American Pipeline L.P. is recording price volatility of 2.19% for the period of the last seven days and 2.45% in the last 30 days.
Plains All American Pipeline L.P. (NYSE:PAA) Technical Outlook
For the period of the last 50 days, Plains All American Pipeline L.P. had its Raw Stochastic average set at 4.34% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 10.04%. Stochastic %K for Plains All American Pipeline L.P., with the last 20 days included, was set at 5.17%, having Stochastic %D topping 3.12%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Plains All American Pipeline L.P. stocks with recording -13.32% in metrics.
Plains All American Pipeline L.P. Insider Watch:
Similarly, 50.22% of the company’s float is held by institutions – and there are 447 institutions in total holding shares of this company. The top three institutional holders of PAA stocks are: Tortoise Capital Advisors, LLC with ownership of $971.0 million, which is approximately 39904482 of the company’s shares; Harvest Fund Advisors, LLC, holding 39638127 shares of the stock with an approximate value of $965.0 million; and Alps Advisors Inc., currently with more than 37959279 shares of the company valued at $787.0 million. Positions in Plains All American Pipeline L.P. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 21 insider purchases amounting to 30704474 shares. Similarly, there were 4 sale transactions amounting to 31359796 shares, with the net shares purchased during the last six months reaching -655,321.