Plains All American Pipeline L.P. (NASDAQ:PAA) finished Wednesday with an addition of $0.15 to close at $10.72, an upside of 1.42 percent. An average of 2,658,860 shares of common stock have been traded in the last five days. There was a gain of $0.79 in the past week. The last 20 days have seen an average of 4,427,555 shares traded, while the 50-day average volume stands at 3,955,648.
PAA stock has increased by 8.28% in the last month. The company shares reached their 1-month lowest point of $9.12 on 09/21/21. With the stock rallying to its 52-week high on 06/15/21, shares of the company touched a low of $5.64 and a high of $12.38 in 52 weeks. In spite of this, the price is down -13.41% from the 52-week high.
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294 days have passed since Plains All American Pipeline L.P. (PAA) last reported insider trading activity. Temple Chris, who is Director, most recently acquired $31,250 shares at $8.79 per share on Dec 24.
Plains All American Pipeline L.P. (PAA) has a trailing price-to-earnings (P/E) ratio of 66.58, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, Plains All American Pipeline L.P.’s PE ratio has ranged between 80.61 and 1.246. The stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.25, the price-to-book (PB) ratio at 1.07, and the price-to-cash flow ratio at 16.15.
The company has a payout ratio of 447.60%.
Plains All American Pipeline L.P. will next go ex-dividend on 28-Oct-2021. The next dividend payment Plains All American Pipeline L.P. will make is expected to be $0.18.
The quick ratio of Plains All American Pipeline L.P. for the three months ended June 29 was 0.80, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.16 and a total debt to equity ratio of 1.37 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 6.40% against a 5-year average of 6.6%. Plains All American Pipeline L.P.’s EBITDA margin for the year ending June 29 is 7.66%, while its operating margin for the same period stands at 1.30%. Its gross profit as reported stood at $1.78 billion compared to revenue of $23.29 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Plains All American Pipeline L.P.’s return on assets was 0.50%, compared to 4.0% over the last five years. In the past year, the return on investment has been -14.50%, and the 5-year average is 7.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been 1.60% and the 5-year average holds at 9.3%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated Plains All American Pipeline L.P.’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.23, a 0.00% surprise. For the quarter, EBITDA amounted to -$39.0 million. Shareholders own equity worth $717.37 million.
From a technical analysis perspective, let’s take a brief look at Plains All American Pipeline L.P. (PAA) price momentum. RSI 9-day as of the close on 13 October was 71.34%, suggesting the stock is Overbought, with historical volatility in this time frame at 22.47%.
As of today, PAA’s price is $10.48 +7.96% or $0.79 from its 5-day moving average. PAA is currently trading +7.09% higher than its 20-day SMA and +3.78% higher than its 100-day SMA. However, the stock’s current price level is +9.39% above the SMA50 and +23.93% above the SMA200.
The stochastic %K and %D were 94.51% and 92.34%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 99.47% and the average true range at 0.30, the RSI (14) stands at 65.72%. The stock has reached 0.27 on the 9-day MACD Oscillator while the 14-day reading was at 0.31.
The consensus rating for Plains All American Pipeline L.P. (PAA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PAA, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 others rate it as a “buy”.
What is PAA’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $16.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for Plains All American Pipeline L.P. (PAA) stock is $12.65.