Plains All American Pipeline LP (PAA) Shares Loss -5.06% Over Last Week

Plains All American Pipeline LP [PAA] stock prices are down -0.58% to $17.27 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PAA shares have lost -5.06% over the last week, with a monthly amount drifted -7.40%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On September 25, 2023, downgrade downgraded it’s rating to Underweight but maintained its price target of $15 on the stock. Citigroup downgraded its rating to a Neutral and increased its price target to $15.50 on September 06, 2023. Raymond James upgraded its rating to a Strong Buy and raised its price target to $17 on April 21, 2023. Bernstein downgraded its rating to Mkt Perform for this stock on February 07, 2023. In a note dated December 09, 2022, Citigroup initiated an Buy rating and provided a target price of $14 on this stock.

The stock price of Plains All American Pipeline LP [PAA] has been fluctuating between $14.25 and $19.17 over the past year. Currently, Wall Street analysts expect the stock to reach $15.58 within the next 12 months. Plains All American Pipeline LP [NASDAQ: PAA] shares were valued at $17.27 at the most recent close of the market. An investor can expect a potential drop of -9.79% based on the average PAA price forecast.

Analyzing the PAA fundamentals

The Plains All American Pipeline LP [NASDAQ:PAA] reported sales of 50.02B for trailing twelve months, representing a surge of 12.63%. 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 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.

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 17.12 points at the first support level, and at 16.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.56, and for the 2nd resistance point, it is at 17.86.

Ratios To Look Out For

It’s worth pointing out that Plains All American Pipeline LP [NASDAQ:PAA]’s Current Ratio is 1.00. On the other hand, the Quick Ratio is 0.88, and the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 1.51 and price to earnings (TTM) ratio is 15.70.

Transactions by insiders

Recent insider trading involved Goebel Jeremy L., EVP & CCO, that happened on Nov 21 ’23 when 35000.0 shares were sold.

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