Plains All American Pipeline LP (NASDAQ:PAA) price closed lower on Tuesday, April 16, dropping -1.43% below its previous close.
A look at the daily price movement shows that the last close reads $17.51. The company’s P/E ratio in the trailing 12-month period read 12.36. Taking into account the 52-week price action we note that the stock hit a 52-week high of $19.03 and 52-week low of $12.07. The stock added 2.19% on its value in the past month.
Plains All American Pipeline LP, which has a market valuation of $12.10 billion. The company stock has a Forward Dividend ratio of 1.12, while the dividend yield is 6.49%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give PAA a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that PAA’s price is at present -2.60% off the SMA20 and 2.73% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 45.49, with weekly volatility standing at 2.44%. The indicator jumps to 1.81% when calculated based on the past 30 days. Plains All American Pipeline LP (NASDAQ:PAA)’s beta value is holding at 1.55, while the average true range (ATR) indicator is currently reading 0.35.
An analysis of the Plains All American Pipeline LP (NASDAQ:PAA) stock in terms of its daily trading volume indicates that the 3-month average is 3.39 million.
Current records show that the company has 701.01M in outstanding shares. The insiders’ percentage holdings are 34.52% of outstanding shares while the percentage share held by institutions stands at 41.25%. But the 13.93% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
