In the past week, PAA stock has gone up by 3.74%, with a monthly gain of 1.33% and a quarterly surge of 14.15%. The volatility ratio for the week is 1.21%, and the volatility levels for the last 30 days are 1.41% for Plains All American Pipeline L.P. The simple moving average for the last 20 days is 0.77% for PAA stock, with a simple moving average of 14.95% 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 price-to-earnings ratio of 9.41x that is above its average ratio. Additionally, the 36-month beta value for PAA is 1.64. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for PAA is $16.88, which is $1.69 above the current price. The public float for PAA is 453.83M and currently, short sellers hold a 3.36% ratio of that float. The average trading volume of PAA on September 19, 2023 was 3.59M shares.
PAA) stock’s latest price update
The stock of Plains All American Pipeline L.P. (NASDAQ: PAA) has increased by 0.66 when compared to last closing price of 15.15. Despite this, the company has experienced a 3.74% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-04 that Plains All American (PAA) is expected to further benefit from strategic investments, joint ventures and debt reduction initiatives.
Analysts’ Opinion of PAA
Many brokerage firms have already submitted their reports for PAA stocks, with Citigroup repeating the rating for PAA by listing it as a “Neutral.” The predicted price for PAA in the upcoming period, according to Citigroup is $15.50 based on the research report published on September 06, 2023 of the current year 2023.
PAA Trading at 2.02% 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 -1.58% of loss for the given period.
Volatility was left at 1.41%, however, over the last 30 days, the volatility rate increased by 1.21%, as shares sank -0.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.12% upper at present.
During the last 5 trading sessions, PAA rose by +3.74%, which changed the moving average for the period of 200-days by +22.88% in comparison to the 20-day moving average, which settled at $15.13. In addition, Plains All American Pipeline L.P. saw 29.68% in overturn over a single year, with a tendency to cut further gains.
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. The total capital return value is set at 5.65, while invested capital returns managed to touch 5.66. Equity return is now at value 14.40, with 4.10 for asset returns.
Based on Plains All American Pipeline L.P. (PAA), the company’s capital structure generated 88.25 points at debt to equity in total, while total debt to capital is 46.88. Total debt to assets is 31.82, with long-term debt to equity ratio resting at 98.45. Finally, the long-term debt to capital ratio is 40.38.
When we switch over and look at the enterprise to sales, we see a ratio of 0.38, with the company’s debt to enterprise value settled at 0.40. The receivables turnover for the company is 13.26 and the total asset turnover is 2.02. 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 seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
