An Analysis Of Plains All American Pipeline L.P. (PAA)’s Weekly Performance

At the last check on Friday, Plains All American Pipeline L.P.’s (NASDAQ:PAA) stock was up $0.27, moving up 2.66 percent to $10.48. The average number of shares traded per day over the past five days has been 6,289,463 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.45 fall in that time frame. In the last twenty days, the average volume was 5,629,576, while in the previous 50 days, it was 5,594,224.

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Since last month, PAA stock retreated -9.65%. Shares of the company fell to $10.05 on 05/12/22, the lowest level in the past month. A 52-week high of $12.38 was reached on 02/04/22 after having rallying from a 52-week low of $8.64. Since the beginning of this year, PAA’s stock price has risen by 9.31% or $1.13, and marked a new high 16 times. However, the stock has declined by -15.33% since its 52-week high.

Valuation Metrics

Right now, Plains All American Pipeline L.P. (PAA) has a P/E ratio of about 43.63. The stock’s beta is 1.79. Besides these, the trailing price-to-sales (P/S) ratio of 0.15, the price-to-book (PB) ratio of 0.94, and the price-to-cash flow ratio of 8.53 may also be considered.

Financial Health

In the three months ended March 30, Plains All American Pipeline L.P.’s quick ratio stood at 0.90, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.09, and the total debt-to-equity ratio was 1.20. On the profitability front, the trailing twelve-month gross margin is 4.90% percent. In the year ended March 30, operating margins totaled 0.40%. Based on annual data, PAA earned $2.51 billion in gross profit and brought in $42.08 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.60%. Return on equity (ROE) for the past 12 months was -1.10%.

In Plains All American Pipeline L.P.’s quarter-end financial report for March 30, it reported total debt of $7.93 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PAA’s revenue rose 38.78% to $12.99 billion during the quarter, while net income inched up to $13.69 billion. While analysts expected Plains All American Pipeline L.P. to report $0.32 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by -3.10%. During the quarter, the company generated $523.0 million in EBITDA. The liabilities of Plains All American Pipeline L.P. were 17.79 billion at the end of its most recent quarter ended March 30, and its total debt was $9.64 billion. The value of shareholders’ equity is $702.67 million.

Technical Picture

This quick technical analysis looks at Plains All American Pipeline L.P.’s (PAA) price momentum. With a historical volatility rate of 39.96%, the RSI 9-day stood at 44.32% on 12 May.

With respect to its five-day moving average, the current Plains All American Pipeline L.P. price is down by -4.12% percent or -$0.45. At present, PAA shares trade -6.18% below its 20-day simple moving average and +19.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.77% below its SMA50 and +4.49% above its SMA200.

Stochastic coefficient K was 19.73% and Stochastic coefficient D was 17.17%, while ATR was 0.43. Given the Stochastic reading of 33.47% for the 14-day period, the RSI (14) reading has been calculated as 44.75%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.28.

Analyst Ratings

Credit Suisse upgraded its rating on Plains All American Pipeline L.P. (NASDAQ: PAA) to an Outperform in a note to investors on May 12, 2022. The analysts firm previously had a Neutral rating on the stock.Plains All American Pipeline L.P. (PAA) has been rated Overweight by analysts. According to 0 brokerage firms, PAA is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate Plains All American Pipeline L.P. stock as buy, with 14 recommending it as overweight.

With a median target price of $14.00, the current consensus forecast for the stock is $11.00 – $16.00. Based on these forecasts, analysts predict Plains All American Pipeline L.P. (PAA) will achieve an average price target of $13.85.


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