While Plains All American Pipeline LP has underperformed by -1.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PAA rose by 18.56%, with highs and lows ranging from $19.17 to $14.46, whereas the simple moving average jumped by 0.56% in the last 200 days.
On October 25, 2024, Morgan Stanley Downgraded Plains All American Pipeline LP (NASDAQ: PAA) to Equal-Weight. Scotiabank also rated PAA shares as ‘Sector Outperform’, setting a target price of $23 on the company’s shares in an initiating report dated April 08, 2024. Goldman Initiated an Sell rating on October 06, 2023, and assigned a price target of $13.50. Barclays September 25, 2023d its ‘Equal Weight’ rating to ‘Underweight’ for PAA, as published in its report on September 25, 2023. Citigroup’s report from September 06, 2023 suggests a price prediction of $15.50 for PAA shares, giving the stock a ‘Neutral’ rating. Raymond James also rated the stock as ‘Strong Buy’.
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Analysis of Plains All American Pipeline LP (PAA)
The current dividend for PAA investors is set at $1.27 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 4.10%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Plains All American Pipeline LP’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 10.14% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.92, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and PAA is recording an average volume of 2.70M. On a monthly basis, the volatility of the stock is set at 2.14%, whereas on a weekly basis, it is put at 2.48%, with a loss of -5.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.38, showing growth from the present price of $17.63, which can serve as yet another indication of whether PAA is worth investing in or should be passed over.
How Do You Analyze Plains All American Pipeline LP Shares?
Plains All American Pipeline LP (PAA) is based in the USA and is one of the most prominent companies operating in the Oil & Gas Midstream market. When comparing Plains All American Pipeline LP shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.69, there is a growth in quarterly earnings of 11.80%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 35.22%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 40.64% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PAA shares are owned by institutional investors to the tune of 40.64% at present.
