Plains All American Pipeline, L.P. (NYSE:PAA) has a beta value of 2.32 and has seen 1,852,705 shares traded in the recent trading session. The company, currently valued at $6.12 Billion, closed the recent trade at $8.4 per share which meant it gained $0.1 on the day or 1.51% during that session. The PAA stock price is -200.71% off its 52-week high price of $25.26 and 64.29% above the 52-week low of $3. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.69 Million shares traded. The 3-month trading volume is 7.32 Million shares.
The consensus among analysts is that Plains All American Pipeline, L.P. (PAA) is an Overweight stock at the moment, with a recommendation rating of 2.2. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 24 have rated it as a Hold, with 14 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.27.
Plains All American Pipeline, L.P. (NYSE:PAA) trade information
Sporting 1.99% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the PAA stock price touched $9.65-1 or saw a rise of 13.47%. Year-to-date, Plains All American Pipeline, L.P. shares have moved -54.59%, while the 5-day performance has seen it change -11.92%. Over the past 30 days, the shares of Plains All American Pipeline, L.P. (NYSE:PAA) have changed -13.92%. Short interest in the company has seen 13.95 Million shares shorted with days to cover at 1.91.
Wall Street analysts have a consensus price target for the stock at $12.04, which means that the shares’ value could jump 43.33% from current levels. The projected low price target is $7 while the price target rests at a high of $16. In that case, then, we find that the current price level is +90.48% off the targeted high while a plunge would see the stock lose -16.67% from current levels.
Plains All American Pipeline, L.P. (PAA) estimates and forecasts
Figures show that Plains All American Pipeline, L.P. shares have underperformed across the wider relevant industry. The company’s shares have lost -56.56% over the past 6 months, with this year growth rate of -230.68%, compared to -17.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -50% and -49.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be -14.1%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +2.2% over the past 5 years. Earnings growth for 2020 is a modest -2.2% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Plains All American Pipeline, L.P. is expected to release its next earnings report between August 04 and August 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.72 at a share yield of 8.7%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 8.6%.
Plains All American Pipeline, L.P. (NYSE:PAA)’s Major holders
Insiders own 39.28% of the company shares, while shares held by institutions stand at 51.73% with a share float percentage of 85.2%. Investors are also buoyed by the number of investors in a company, with Plains All American Pipeline, L.P. having a total of 436 institutions that hold shares in the company. The top two institutional holders are Alps Advisors Inc. with over 45.01 Million shares worth more than $237.67 Million. As of March 30, 2020, Alps Advisors Inc. held 6.18% of shares outstanding.
The other major institutional holder is Harvest Fund Advisors, LLC, with the holding of over 34.48 Million shares as of March 30, 2020. The firm’s total holdings are worth over $182.05 Million and represent 4.74% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps ETF Tr-Alerian MLP ETF and Goldman Sachs Tr-Goldman Sachs MLP Energy Infrastructure Fund. As of February 28, 2020, the former fund manager holds about 5.57% shares in the company for having 40577040 shares of worth $554.69 Million while later fund manager owns 9.6 Million shares of worth $131.22 Million as of February 28, 2020, which makes it owner of about 1.32% of company’s outstanding stock.