Plains All American Pipeline LP (NASDAQ:PAA) traded at $17.38 at last check on Tuesday, April 30, made a downward move of -3.61% on its previous day’s price.
Looking at the stock we see that its previous close was $18.03. The company has a trailing 12-month PE ratio of 12.45. In terms of its 52-week price range, PAA has a high of $19.03 and a low of $12.07. The company’s stock has lost about -1.81% over that past 30 days.
Plains All American Pipeline LP has a market cap of $12.18 billion. With its Forward Dividend at 0.85 and a yield of 4.91%, the company’s investors could be anxious for the PAA stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.38, with the EPS growth for the year raised at $1.38 for 2024 and $1.42 for next year. These figures represent -2.80% and 2.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $12.98 billion, with a low of $12.53 billion and a high of $14.11 billion. The median projection represents growth adding up to -15.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $52.51 billion, or 7.80% up from figures reported last year.
On the other hand, looking at the outlook for the PAA stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is -3.45% off its SMA20 and 0.60% from its 50-day simple moving average. The RSI (14) is pointing at 44.72 while the volatility over the past week is 1.65% and jumps to 2.01% over the past one month. The beta value is 1.55, while the average true range (ATR) is currently pointing at 0.36.
Coming back to Plains All American Pipeline LP (NASDAQ:PAA), we note that the average 3-month trading volume was 3.60 million. Current shares outstanding are 701.01 million.
The insiders hold 34.52% of the company’s shares while institutions hold 41.29%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 14.72% up in year-to-date price movement.
