The stock of Plains All American Pipeline L.P. (PAA) has seen a -8.19% decrease in the past week, with a -9.38% drop in the past month, and a 0.17% flourish in the past quarter. The volatility ratio for the week is 4.01%, and the volatility levels for the past 30 days are at 2.42% for PAA. The simple moving average for the last 20 days is -8.58% for PAA stock, with a simple moving average of 1.59% for the last 200 days.
Is It Worth Investing in Plains All American Pipeline L.P. (NASDAQ: PAA) Right Now?
Plains All American Pipeline L.P. (NASDAQ: PAA) has a higher price-to-earnings ratio of 9.98x compared to its average ratio,, and the 36-month beta value for PAA is at 1.67. Analysts have varying views on the stock, with 14 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for PAA is $15.34, which is $3.09 above the current market price. The public float for PAA is 451.48M, and currently, shorts hold a 4.00% of that float. The average trading volume for PAA on March 17, 2023 was 4.44M shares.
PAA) stock’s latest price update
Plains All American Pipeline L.P. (NASDAQ: PAA)’s stock price has increased by 0.93 compared to its previous closing price of 11.77. However, the company has experienced a -8.19% decline in its stock price over the last five trading sessions. Barron’s reported on 07/04/22 that Insider Buys of Oil and Solar Stocks Are Plays on Russia Sanctions
Analysts’ Opinion of PAA
The stock of Plains All American Pipeline L.P. (PAA) has seen a -8.19% decrease in the past week, with a -9.38% drop in the past month, and a 0.17% flourish in the past quarter. The volatility ratio for the week is 4.01%, and the volatility levels for the past 30 days are at 2.42% for PAA. The simple moving average for the last 20 days is -8.58% for PAA stock, with a simple moving average of 1.59% for the last 200 days.
Analysts’ Opinion of PAA
Citigroup, on the other hand, stated in their research note that they expect to see PAA reach a price target of $14. The rating they have provided for PAA stocks is “Buy” according to the report published on December 09th, 2022.
JP Morgan gave a rating of “Neutral” to PAA, setting the target price at $14 in the report published on November 21st of the previous year.
PAA Trading at -5.73% 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 -11.97% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 4.01%, as shares sank -9.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.86% upper at present.
During the last 5 trading sessions, PAA fell by -8.19%, which changed the moving average for the period of 200-days by +3.48% in comparison to the 20-day moving average, which settled at $12.93. In addition, Plains All American Pipeline L.P. saw 1.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PAA starting from McCarthy Kevin S, who purchase 200,000 shares at the price of $9.81 back on Jun 23. After this action, McCarthy Kevin S now owns 200,000 shares of Plains All American Pipeline L.P., valued at $1,961,220 using the latest closing price.
Stock Fundamentals for PAA
Current profitability levels for the company are sitting at:
- +2.21 for the present operating margin
- +2.78 for the gross margin
The net margin for Plains All American Pipeline L.P. stands at +1.81. Equity return is now at value 10.80, with 2.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
In conclusion, Plains All American Pipeline L.P. (PAA) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
