Here is how Plains All American Pipeline L.P. (PAA) stock might take investors finances to the next level

Plains All American Pipeline L.P. [PAA] stock prices are up 0.81% to $12.41 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PAA shares have gain 2.82% over the last week, with a monthly amount glided 7.54%, and seem to be holding up well over a long-time horizon.

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On 9, January 2023, Plains All American Pipeline and Plains GP Holdings Announce Timing of Fourth-Quarter and Full-Year 2022 Earnings. In a post published today on Yahoo Finance, Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced they will release fourth-quarter and full-year 2022 earnings after market close on Wednesday, February 8, 2023 and will hold a joint webcast on the same day as follows:.

From an analyst’s perspective:

Plains All American Pipeline L.P. [NASDAQ: PAA] stock has seen the most recent analyst activity on December 09, 2022, when Citigroup initiated its Buy rating and assigned the stock a price target of $14. Previously, JP Morgan downgraded its rating to Neutral on November 21, 2022, and dropped its price target to $14. On August 15, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $16 on the stock. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $13 on August 01, 2022. Wolfe Research downgraded its rating to a Peer Perform. BofA Securities upgraded its rating to Neutral for this stock on July 19, 2022, but kept the price target unchanged to $12. In a note dated May 12, 2022, Credit Suisse upgraded an Outperform rating on this stock and boosted its target price from $13 to $14.

The stock price of Plains All American Pipeline L.P. [PAA] has been fluctuating between $9.10 and $12.75 over the past year. Currently, Wall Street analysts expect the stock to reach $15.11 within the next 12 months. Plains All American Pipeline L.P. [NASDAQ: PAA] shares were valued at $12.41 at the most recent close of the market. An investor can expect a potential return of 21.76% based on the average PAA price forecast.

Analyzing the PAA fundamentals

The most recent quarter, Plains All American Pipeline L.P. [NASDAQ:PAA] reported sales of 14.02 billion, representing a surge of 33.00%. Gross Margin for this corporation currently stands at +5.39% with Operating Margin at +4.71%, Pretax Margin comes in at +1.69%, and Net Margin reading is +1.38%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.22 points at the first support level, and at 12.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.53, and for the 2nd resistance point, it is at 12.66.

Plains All American Pipeline L.P. [PAA] reported earnings per share of $0.3 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.2/share, meaning a difference of $0.1 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.31 per share as compared to estimates of $0.32 per share, a difference of -$0.01 representing a surprise of -3.10%.

Ratios To Look Out For

It’s worth pointing out that Plains All American Pipeline L.P. [NASDAQ:PAA]’s Current Ratio is 1.00. As well, the Quick Ratio is 0.86, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 0.86 and the P/E (TTM) ratio is 8.53.

Transactions by insiders

Insider trading has also been a hot topic recently, with 2 insiders purchasing 52,003 shares and 3 selling 83,023 shares in the past 3 months. Recent insider trading involved McCarthy Kevin S, Director, that happened on Jun 23 when 0.2 million shares were purchased.