Plains All American Pipeline, L.P. (NYSE:PAA) has a beta value of 2.08 and has seen 2,326,837 shares traded in the recent trading session. The company, currently valued at $5.16 Billion, closed the recent trade at $7.07 per share which meant it gained $0.18 on the day or 2.54% during that session. The PAA stock price is -219.8% off its 52-week high price of $22.61 and 57.57% 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 5.42 Million shares traded. The 3-month trading volume is 4.9 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 2.1. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 23 have rated it as a Hold, with 16 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.31.
Plains All American Pipeline, L.P. (NYSE:PAA) trade information
Sporting 2.54% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Sep 09 when the PAA stock price touched $7.14-0 or saw a rise of 0.63%. Year-to-date, Plains All American Pipeline, L.P. shares have moved -61.42%, while the 5-day performance has seen it change 2.68%. Over the past 30 days, the shares of Plains All American Pipeline, L.P. (NYSE:PAA) have changed -8.8%. Short interest in the company has seen 8.54 Million shares shorted with days to cover at 1.74.
Wall Street analysts have a consensus price target for the stock at $12.23, which means that the shares’ value could jump 72.98% from current levels. The projected low price target is $8 while the price target rests at a high of $17. In that case, then, we find that the current price level is +140.45% off the targeted high while a plunge would see the stock lose 13.15% from current levels.
Plains All American Pipeline, L.P. (PAA) estimates and forecasts
10 analysts offering their estimates for the company have set an average revenue estimate of $5.13 Billion for the current quarter. 10 have an estimated revenue figure of $6.01 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $7.89 Billion and $9.15 Billion respectively for this quarter and the next, and analysts expect sales will grow by -34.9% for the current quarter and -34.4% for the next.
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%.
Plains All American Pipeline, L.P. is expected to release its next earnings report between November 03 and November 09 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 10.45%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 8.99%.
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 43.43 Million shares worth more than $383.96 Million. As of June 29, 2020, Alps Advisors Inc. held 5.97% of shares outstanding.
The other major institutional holder is Tortoise Capital Advisors, LLC, with the holding of over 35.67 Million shares as of June 29, 2020. The firm’s total holdings are worth over $315.36 Million and represent 4.9% 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 May 30, 2020, the former fund manager holds about 5.56% shares in the company for having 40480343 shares of worth $392.66 Million while later fund manager owns 11.33 Million shares of worth $109.85 Million as of May 30, 2020, which makes it owner of about 1.56% of company’s outstanding stock.