At the time of writing, Plains All American Pipeline LP [PAA] stock is trading at $17.81, up 0.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PAA shares have gain 3.79% over the last week, with a monthly amount glided 7.35%, and seem to be holding up well over a long-time horizon.
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On 9, February 2024, Plains All American Reports Fourth-Quarter and Full-Year 2023 Results; Announces 2024 Guidance. In a post published today on Yahoo Finance, Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported fourth-quarter and full-year 2023 results, announced 2024 guidance and provided the following highlights:.
From an analyst’s perspective:
Previously, Barclays downgraded its rating to Underweight on September 25, 2023, and kept the price target unchanged to $15. On September 06, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $15.50 on the stock. Raymond James upgraded its rating to a Strong Buy and increased its price target to $17 on April 21, 2023. Bernstein downgraded its rating to a Mkt Perform. Citigroup started tracking with a Buy rating for this stock on December 09, 2022, and assigned it a price target of $14. In a note dated November 21, 2022, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $15 to $14.
For the past year, the stock price of Plains All American Pipeline LP fluctuated between $12.07 and $17.80. Currently, Wall Street analysts expect the stock to reach $14.2 within the next 12 months. Plains All American Pipeline LP [NASDAQ: PAA] shares were valued at $17.81 at the most recent close of the market. An investor can expect a potential drop of -20.27% based on the average PAA price forecast.
Analyzing the PAA fundamentals
According to Plains All American Pipeline LP [NASDAQ:PAA], the company’s sales were 48.74B for trailing twelve months, which represents an -1.48% plunge. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.75.
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 17.70 points at the first support level, and at 17.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.89, and for the 2nd resistance point, it is at 17.96.
Plains All American Pipeline LP [PAA] reported earnings per share of $0.42 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.37/share, meaning a difference of $0.05 and a surprise factor of 13.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.35 per share as compared to estimates of $0.26 per share, a difference of $0.09 representing a surprise of 34.60%.
Ratios To Look Out For
It is important to note that Plains All American Pipeline LP [NASDAQ:PAA] has a current ratio of 0.98. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 12.76.
Transactions by insiders
Recent insider trading involved Goebel Jeremy L., EVP & CCO, that happened on Nov 21 ’23 when 35000.0 shares were sold.
