The stock of Plains All American Pipeline L.P. (NASDAQ:PAA) decreased by -$0.04 on Monday to $15.14, down -0.26 percent. The last five days have seen an average of 2,614,455 shares of common stock traded. 44 times new highs were reached in the current year, with a gain of $3.39. The average number of shares traded over the last 20 days was 3,653,854, while the average volume over the last 50 days totaled 3,498,545.
PAA stock appreciated 2.71% since last month. On 08/03/23, the company’s shares reached a one-month low of $14.40. The stock touched a high of $15.48 on 08/22/23, after rallying from a low of $10.17 in 52 weeks. The price of PAA stock has risen by 28.74% or $3.39 this year, reaching a new high 44 times. Still, the stock price is down -2.20% from the 52-week high.
Valuation Metrics
Plains All American Pipeline L.P. (PAA) has a trailing price-to-earnings (P/E) ratio of 9.35. Beta for the stock is 1.63. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 1.31, and the price-to-cash flow ratio of 4.54.
Financial Health
For the three months ended June 29, Plains All American Pipeline L.P.’s quick ratio was 0.90, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.90, and the total debt to equity ratio is 0.99. As far as profitability goes, gross margin for the trailing twelve months is 5.80% percent. Plains All American Pipeline L.P.’s EBITDA margin for the year ended June 29 was 3.90%, whereas its operating margin stood at 3.50% for the same period. Based on annual data, it had gross profit of $2.85 billion and revenue of $57.34 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PAA’s return on assets (ROA) during the last 12 months has been 4.10%. There was a 8.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 14.40%.
Earnings Surprise
According to Plains All American Pipeline L.P.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.6 billion, while revenues fell by -41.0% to $12.34 billion. It was predicted that Plains All American Pipeline L.P.’s quarterly earnings would be $0.25, but it ended up being $0.24, beating the consensus by 4.20%. EBITDA was $637.0 million for the quarter. At the end of Plains All American Pipeline L.P.’s most recent quarter ended June 29, its liabilities totaled 13.3 billion, while its total debt was $8.3 billion. Equity owned by shareholders amounts to $698.39 million.
Technical Picture
Here’s a quick look at Plains All American Pipeline L.P.’s (PAA) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 51.09%, suggesting the stock is Neutral, with a 12.13% historical volatility rate.
The stochastic %K and %D were 51.89% and 65.15% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 44.92%, the RSI (14) reading is 55.72%. On the 9-day MACD Oscillator, the stock is at -0.05, and the 14-day reading is at -0.02.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on Plains All American Pipeline L.P. (NASDAQ: PAA) to a Strong buy. Prior to this, analysts firm rated the stock as an Outperform. Analysts have assigned Plains All American Pipeline L.P. (PAA) an Overweight rating. PAA is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 11 others recommend it as a buy.
What is PAA’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.50 and $21.00, with a median target price of $17.00. In analyzing these forecasts, the average price target given by analysts for Plains All American Pipeline L.P. (PAA) is $17.03.
