What is the stock price trajectory of Plains All American Pipeline L.P. (PAA)?

At the time of writing, Plains All American Pipeline L.P. [PAA] stock is trading at $15.25, up 0.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The PAA shares have gain 3.74% over the last week, with a monthly amount glided 1.33%, and seem to be holding up well over a long-time horizon.

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On 4, August 2023, Plains All American Reports Second-Quarter 2023 Results and Provides Updated 2023 Guidance. In a post published today on Yahoo Finance, Announces Permian Bolt-On Acquisition and NGL Segment Updates.

From an analyst’s perspective:

Plains All American Pipeline L.P. [NASDAQ: PAA] stock has seen the most recent analyst activity on September 06, 2023, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $15.50 from $14.

For the past year, the stock price of Plains All American Pipeline L.P. fluctuated between $10.17 and $15.49. Currently, Wall Street analysts expect the stock to reach $16.88 within the next 12 months. Plains All American Pipeline L.P. [NASDAQ: PAA] shares were valued at $15.25 at the most recent close of the market. An investor can expect a potential return of 10.69% based on the average PAA price forecast.

Analyzing the PAA fundamentals

According to Plains All American Pipeline L.P. [NASDAQ:PAA], the company’s sales were 11.48 billion in the recent quarter, which represents an -29.10% plunge. The company generates $13,927,805 in revenue per employee, while its income per employee is $251,707. Gross Margin for this corporation currently stands at +2.78% with Operating Margin at +2.21%, Pretax Margin comes in at +2.48%, and Net Margin reading is +1.81%. To continue investigating profitability, this company’s Return on Assets is posted at 3.65, Equity is 10.31, Total Capital is 5.65, and Invested Capital is 5.66. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 46.88 and enduring liabilities to the whole assets at 31.82.

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 15.15 points at the first support level, and at 15.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.32, and for the 2nd resistance point, it is at 15.40.

Plains All American Pipeline L.P. [PAA] reported earnings per share of $0.25 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.24/share, meaning a difference of $0.01 and a surprise factor of 4.20%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.41 per share as compared to estimates of $0.36 per share, a difference of $0.05 representing a surprise of 13.90%.

Ratios To Look Out For

It is important to note that Plains All American Pipeline L.P. [NASDAQ:PAA] has a current ratio of 1.00. On the other hand, the Quick Ratio is 0.79, and the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 0.14, the price to book ratio is 1.06 and the P/E (TTM) ratio is 9.41.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 8 insider purchases totaling 1,448,004 shares and 8 insider sales totaling 636,599 shares over the past 3 months.