In yesterday’s Wall Street session, Plains All American Pipeline LP (NASDAQ:PAA) shares traded at $14.95, down -1.71% from the previous session.
As of this writing, 22 analysts cover Plains All American Pipeline LP (NASDAQ:PAA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $13.50, we find $17.00. Given the previous closing price of $15.21, this indicates a potential upside of 11.77 percent. PAA stock price is now -2.71% away from the 50-day moving average and 5.40% away from the 200-day moving average. The market capitalization of the company currently stands at $10.48B.
There are 10 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $17.65 as their price target over the next twelve months.
In other news, Goebel Jeremy L., EVP & CCO sold 35,000 shares of the company’s stock on Nov 21. The stock was sold for $545,321 at an average price of $15.58. Upon completion of the transaction, the EVP & CCO now directly owns 279,223 shares in the company, valued at $4.17 million. Insiders disposed of 9,094,095 shares of company stock worth roughly $135.96 million over the past 1 year. A total of 33.93% of the company’s stock is owned by insiders.
Thursday morning saw Plains All American Pipeline LP (NASDAQ: PAA) opened at $15.30. During the past 12 months, Plains All American Pipeline LP has had a low of $11.16 and a high of $16.05. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 0.95, and a quick ratio of 0.84. The fifty day moving average price for PAA is $15.36 and a two-hundred day moving average price translates $14.19 for the stock.
The latest earnings results from Plains All American Pipeline LP (NASDAQ: PAA) was released for Sep, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.26 by 0.09. This compares to $0.63 EPS in the same period last year. The net profit margin was 1.92% and return on equity was 11.62% for PAA. The company reported revenue of $12.07 billion for the quarter, compared to $14.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.8 percent. For the current quarter, analysts expect PAA to generate $12.68B in revenue.
