Plains All American Pipeline LP (NASDAQ: PAA) has a price-to-earnings ratio that is above its average at 15.19x. The stock has a 36-month beta value of 1.60. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 6 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for PAA is 454.89M, and at present, short sellers hold a 2.12% of that float. On November 05, 2024, the average trading volume of PAA was 2.23M shares.
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PAA) stock’s latest price update
Plains All American Pipeline LP (NASDAQ: PAA)’s stock price has soared by 1.95 in relation to previous closing price of 16.39. Nevertheless, the company has seen a loss of -0.30% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-23 that Stock market irrationality creates opportunities for value investors. In this article, I present 2 quality bargain stocks trading well below their 52-week highs. Alexandria Real Estate offers a 4.5% yield, strong tenant demand, and strategic life sciences properties, supported by robust financials and growth potential. Plains All American provides a 7.4% distribution yield, diversified pipeline network, and solid financials with potential for market-beating returns.
PAA’s Market Performance
Plains All American Pipeline LP (PAA) has seen a -0.30% fall in stock performance for the week, with a -5.49% decline in the past month and a -3.80% plunge in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 1.59% for PAA. The simple moving average for the past 20 days is -2.42% for PAA’s stock, with a -3.39% simple moving average for the past 200 days.
Analysts’ Opinion of PAA
Many brokerage firms have already submitted their reports for PAA stocks, with Morgan Stanley repeating the rating for PAA by listing it as a “Equal-Weight.” The predicted price for PAA in the upcoming period, according to Morgan Stanley is $19 based on the research report published on October 25, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PAA reach a price target of $18. The rating they have provided for PAA stocks is “Neutral” according to the report published on October 17th, 2024.
Scotiabank gave a rating of “Sector Outperform” to PAA, setting the target price at $23 in the report published on April 08th of the current year.
PAA Trading at -4.06% 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 -12.83% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares sank -4.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.39% lower at present.
During the last 5 trading sessions, PAA fell by -0.30%, which changed the moving average for the period of 200-days by +6.98% in comparison to the 20-day moving average, which settled at $17.13. In addition, Plains All American Pipeline LP saw 10.30% 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 0.39. 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
To sum up, Plains All American Pipeline LP (PAA) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
