In recent trading session, Plains All American Pipeline LP (NASDAQ:PAA) saw 1.7 million shares changing hands at last check today with its beta currently measuring 1.55. Company’s recent per share price level of $15.48 trading at $0.13 or 0.88% at last check today assigns it a market valuation of $10.85B. That most recent trading price of PAA’s stock is at a discount of -5.68% from its 52-week high price of $16.36 and is indicating a premium of 27.13% from its 52-week low price of $11.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.65 million shares which gives us an average trading volume of 3.40 million if we extend that period to 3-months.
Plains All American Pipeline LP (NASDAQ:PAA) trade information
Upright in the green today for gaining 0.88%, in the last five days PAA remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $15.48 price level, adding 1.46% to its value on the day. Plains All American Pipeline LP’s shares saw a change of 2.21% in year-to-date performance and have moved 1.41% in past 5-day. Plains All American Pipeline LP (NASDAQ:PAA) showed a performance of -0.10% in past 30-days. Number of shares sold short was 12.18 million shares which calculate 3.19 days to cover the short interests.
Plains All American Pipeline LP (PAA) estimates and forecasts
Statistics highlight that Plains All American Pipeline LP is scoring comparatively lower than the scores of other players of the relevant industry. The company added 3.03% of value to its shares in past 6 months, showing an annual growth rate of -6.35% while that of industry is -0.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 12.10% in the current quarter and calculating -2.40% decrease in the next quarter. This year revenue growth is estimated to fall -11.50% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $12.69 billion for the same. And 5 analysts are in estimates of company making revenue of $12.42 billion in the next quarter that will end on Mar 2024. Company posted $12.95 billion and $15.34 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -2.00% while estimating it to be -19.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.53% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -3.67% while estimates for its earnings growth in next 5 years are of -1.40%.
Plains All American Pipeline LP is more likely to be releasing its next quarterly report on February 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.