Plains All American Pipeline, L.P. (PAA) Reveals an Earnings Mystery

Plains All American Pipeline, L.P. (NYSE:PAA) went down by -0.44% from its latest closing price compared to the recent 1-year high of $22.81. The company’s stock price has collected -0.72% of loss in the last five trading sessions. Press Release reported on 09/10/20 that Plains All American Announces Director Changes

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Is It Worth Investing in Plains All American Pipeline, L.P. (NYSE :PAA) Right Now?

Plus, the 36-month beta value for PAA is at 2.08. Opinions of the stock are interesting as 16 analysts out of 23 who provided ratings for Plains All American Pipeline, L.P. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 1 as “sell.”

The average price from analysts is $12.23, which is -$6.86 below the current price. PAA currently public float of 473.36M and currently shorts hold a 1.80% ratio of that float. Today, the average trading volume of PAA was 4.90M shares.

PAA’s Market Performance

PAA stocks went down by -0.72% for the week, with a monthly drop of -11.83% and a quarterly performance of -33.40%, while its annual performance rate touched -68.92%. The volatility ratio for the week stands at 4.46% while the volatility levels for the past 30 days are set at 4.16% for Plains All American Pipeline, L.P.. The simple moving average for the period of the last 20 days is -3.16% for PAA stocks with a simple moving average of -37.67% for the last 200 days.

Analysts’ Opinion of PAA

Many brokerage firms have already submitted their reports for PAA stocks, with BofA Securities repeating the rating for PAA by listing it as a “Buy.” The predicted price for PAA in the upcoming period, according to BofA Securities is $38 based on the research report published on July 21st of the current year 2020.

TD Securities, on the other hand, stated in their research note that they expect to see PAA reach a price target of $17. The rating they have provided for PAA stocks is “Buy” according to the report published on June 30th, 2020.

BofA/Merrill gave a rating of “ Underperform” to PAA, setting the target price at $17 in the report published on May 18th of the current year.

PAA Trading at -11.03% from the 50-Day Moving Average

After a stumble in the market that brought PAA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.93% of loss for the given period.

Volatility was left at 4.16%, however, over the last 30 days, the volatility rate increased by 4.46%, as shares sank -10.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.14% lower at present.

During the last 5 trading sessions, PAA fell by -0.72%, which changed the moving average for the period of 200-days by -61.26% in comparison to the 20-day moving average, which settled at $7.04. In addition, Plains All American Pipeline, L.P. saw -62.70% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PAA starting from Chiang Willie CW, who bought 45,400 shares at the price of $5.45 back on Mar 16. After this action, Chiang Willie CW now owns 223,302 shares of Plains All American Pipeline, L.P., valued at $247,530 using the latest closing price.

Goebel Jeremy L., the EVP – Commercial of Plains All American Pipeline, L.P., bought 3,000 shares at $6.66 during a trade that took place back on Mar 13, which means that Goebel Jeremy L. is holding 108,051 shares at $19,990 based on the most recent closing price.

Stock Fundamentals for PAA

Current profitability levels for the company are sitting at:

  • +5.05 for the present operating margin
  • +5.94 for the gross margin

The net margin for Plains All American Pipeline, L.P. stands at +6.49. The total capital return value is set at 7.56, while invested capital returns managed to touch 9.89. Equity return is now at value -23.80, with -8.20 for asset returns.

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Based on Plains All American Pipeline, L.P. (PAA), the company’s capital structure generated 77.87 points at debt to equity in total, while total debt to capital is 43.78. Total debt to assets is 35.47, with long-term debt to equity ratio resting at 3.74. Finally, the long-term debt to capital ratio is 88.90.

When we switch over and look at the enterprise to sales, we see a ratio of 0.82, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 10.99 and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.

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