As of Wednesday close, Plains All American Pipeline L.P.’s (NASDAQ:PAA) stock was down -$0.09, moving down -0.59 percent to $15.14. The average number of shares traded per day over the past five days has been 3,240,020 shares. 3 times new highs have been achieved over the past 5 days, with a $0.10 gain in that time frame. In the last twenty days, the average volume was 3,674,225, while in the previous 50 days, it was 3,648,574.
Since last month, PAA stock rose 3.84%. Shares of the company fell to $14.31 on 07/17/23, the lowest level in the past month. A 52-week high of $15.35 was reached on 08/14/23 after having rallying from a 52-week low of $10.17. Since the beginning of this year, PAA’s stock price has risen by 28.74% or $3.38, and marked a new high 42 times. However, the stock has declined by -1.37% since its 52-week high.
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Valuation Metrics
Right now, Plains All American Pipeline L.P. (PAA) has a P/E ratio of about 9.35. The stock’s beta is 1.64. Besides these, the trailing price-to-sales (P/S) ratio of 0.20, the price-to-book (PB) ratio of 1.31, and the price-to-cash flow ratio of 4.46 may also be considered.
Financial Health
In the three months ended June 29, 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 June 29 was 0.90, and the total debt-to-equity ratio was 0.99. On the profitability front, the trailing twelve-month gross margin is 5.80% percent. In the year ended June 29, EBITDA margin amounted to 3.90%, whereas operating margins totaled 3.50%. Based on annual data, PAA earned $2.85 billion in gross profit and brought in $57.34 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 8.90%. Return on equity (ROE) for the past 12 months was 14.40%.
In Plains All American Pipeline L.P.’s quarter-end financial report for June 29, it reported total debt of $7.24 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PAA’s revenue fell -41.0% to $12.34 billion during the quarter, while net income inched up to $11.6 billion. While analysts expected Plains All American Pipeline L.P. to report $0.24 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by 4.20%. During the quarter, the company generated $637.0 million in EBITDA. The liabilities of Plains All American Pipeline L.P. were 13.3 billion at the end of its most recent quarter ended June 29, and its total debt was $8.3 billion. The value of shareholders’ equity is $698.39 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 12.80%, the RSI 9-day stood at 59.65% on 16 August.
With respect to its five-day moving average, the current Plains All American Pipeline L.P. price is up by +0.66% percent or $0.10. At present, PAA shares trade +3.42% above its 20-day simple moving average and +31.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.31% above its SMA50 and +25.12% above its SMA200.
Stochastic coefficient K was 86.32% and Stochastic coefficient D was 90.06%, while ATR was 0.23. Given the Stochastic reading of 77.89% for the 14-day period, the RSI (14) reading has been calculated as 61.07%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 0.25.
Analyst Ratings
Raymond James upgraded its rating on Plains All American Pipeline L.P. (NASDAQ: PAA) to a Strong buy in a note to investors on April 21, 2023. The analysts firm previously had an Outperform 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 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Plains All American Pipeline L.P. stock as buy, with 12 recommending it as overweight.
With a median target price of $17.00, the current consensus forecast for the stock is $14.00 – $21.00. Based on these forecasts, analysts predict Plains All American Pipeline L.P. (PAA) will achieve an average price target of $16.74.
