Plains All American Pipeline LP (NASDAQ: PAA) has experienced a decline in its stock price by -0.93 compared to its previous closing price of 17.27. However, the company has seen a fall of -3.17% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-11 that Plains All American Pipeline reported positive results, including a $75 million EBITDA increase and favorable spreads on unhedged C3+ products. Growth is expected from Bolt-On acquisitions and crude volume increases, though significant growth in crude production is uncertain. Management plans to refinance $1.7 billion in debt by 2026.
Is It Worth Investing in Plains All American Pipeline LP (NASDAQ: PAA) Right Now?
The price-to-earnings ratio for Plains All American Pipeline LP (NASDAQ: PAA) is above average at 15.55x. The 36-month beta value for PAA is also noteworthy at 1.58. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PAA is 454.89M, and at present, short sellers hold a 2.00% of that float. The average trading volume of PAA on October 22, 2024 was 2.18M shares.
PAA’s Market Performance
PAA stock saw a decrease of -3.17% in the past week, with a monthly decline of -3.61% and a quarterly a decrease of -9.85%. The volatility ratio for the week is 1.51%, and the volatility levels for the last 30 days are 1.84% for Plains All American Pipeline LP (PAA). The simple moving average for the last 20 days is -2.39% for PAA’s stock, with a simple moving average of -0.72% 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 “Neutral.” The predicted price for PAA in the upcoming period, according to BofA Securities is $18 based on the research report published on October 17, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see PAA reach a price target of $23. The rating they have provided for PAA stocks is “Sector Outperform” according to the report published on April 08th, 2024.
Goldman gave a rating of “Sell” to PAA, setting the target price at $13.50 in the report published on October 06th of the previous year.
PAA Trading at -2.51% 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 -10.75% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares sank -5.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.98% lower at present.
During the last 5 trading sessions, PAA fell by -3.17%, which changed the moving average for the period of 200-days by +11.76% in comparison to the 20-day moving average, which settled at $17.53. In addition, Plains All American Pipeline LP saw 12.94% 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 Goebel Jeremy L., who sale 35,000 shares at the price of $15.58 back on Nov 21 ’23. After this action, Goebel Jeremy L. now owns 279,223 shares of Plains All American Pipeline LP, valued at $545,321 using the latest closing price.
Stock Fundamentals for PAA
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.04 for the gross margin
The net margin for Plains All American Pipeline LP stands at 0.02. The total capital return value is set at 0.07. Equity return is now at value 9.91, with 3.76 for asset returns.
Based on Plains All American Pipeline LP (PAA), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 6.98.
Currently, EBITDA for the company is 2.48 billion with net debt to EBITDA at 2.93. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 11.82for trailing twelve months and the total asset turnover is 1.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
In summary, Plains All American Pipeline LP (PAA) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
