The stock of Plains All American Pipeline LP (NASDAQ:PAA) last traded at $18.29, up 0.72% from the previous session.
PAA stock price is now 11.37% away from the 50-day moving average and 18.73% away from the 200-day moving average. The market capitalization of the company currently stands at $12.82B.
On September 25, 2023, Barclays Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $15, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Goebel Jeremy L., EVP & CCO sold 35,000 shares of the company’s stock on Nov 21 ’23. 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 $5.11 million. A total of 34.52% of the company’s stock is owned by insiders.
During the past 12 months, Plains All American Pipeline LP has had a low of $12.07 and a high of $18.29. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 0.98, and a quick ratio of 0.87. The fifty day moving average price for PAA is $16.42 and a two-hundred day moving average price translates $15.40 for the stock.
The latest earnings results from Plains All American Pipeline LP (NASDAQ: PAA) was released for Dec, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.42, beating analysts’ expectations of $0.37 by 0.05. This compares to $0.44 EPS in the same period last year. The net profit margin was 2.00% and return on equity was 11.95% for PAA. The company reported revenue of $12.7 billion for the quarter, compared to $12.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.97 percent. For the current quarter, analysts expect PAA to generate $13.22B in revenue.
