In last trading session, Plains All American Pipeline LP (NASDAQ:PAA) saw 2.99 million shares changing hands with its beta currently measuring 1.55. Company’s recent per share price level of $17.11 trading at -$0.26 or -1.50% at ring of the bell on the day assigns it a market valuation of $12.00B. That closing price of PAA’s stock is at a discount of -1.81% from its 52-week high price of $17.42 and is indicating a premium of 34.07% 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 2.17 million shares which gives us an average trading volume of 2.97 million if we extend that period to 3-months.
Plains All American Pipeline LP (NASDAQ:PAA) trade information
Upright in the red during last session for losing -1.50%, in the last five days PAA remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $17.11 price level, adding 1.78% to its value on the day. Plains All American Pipeline LP’s shares saw a change of 12.94% in year-to-date performance and have moved 1.30% in past 5-day. Plains All American Pipeline LP (NASDAQ:PAA) showed a performance of 3.70% in past 30-days. Number of shares sold short was 9.89 million shares which calculate 2.58 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 9.19% of value to its shares in past 6 months, showing an annual growth rate of -12.68% while that of industry is 7.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -2.40% in the current quarter and calculating 8.00% increase in the next quarter. This year revenue growth is estimated to rise 5.70% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $13.22 billion for the same. And 6 analysts are in estimates of company making revenue of $13.09 billion in the next quarter that will end on Jun 2024.
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 -12.41% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -6.06% while estimates for its earnings growth in next 5 years are of -1.70%.
PAA Dividends
Plains All American Pipeline LP is more likely to be releasing its next quarterly report between May 03 and May 07 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.
Plains All American Pipeline LP (NASDAQ:PAA)’s Major holders
Insiders are in possession of 34.00% of company’s total shares while institution are holding 41.99 percent of that, with stock having share float percentage of 63.63%. Investors also watch the number of corporate investors in a company very closely, which is 41.99% institutions for Plains All American Pipeline LP that are currently holding shares of the company. Alps Advisors Inc. is the top institutional holder at PAA for having 58.62 million shares of worth $826.61 million. And as of Jun 29, 2023, it was holding 8.39% of the company’s outstanding shares.
The second largest institutional holder is Invesco Ltd., which was holding about 29.93 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.29% of outstanding shares, having a total worth of $422.03 million.
On the other hand, Alps ETF Tr-Alerian MLP ETF and Invesco Steelpath MLP Income Fund are the top two Mutual Funds which own company’s shares. As of May 30, 2023, the former fund manager was holding 61.81 million shares of worth $798.56 million or 8.85% of the total outstanding shares. The later fund manager was in possession of 18.73 million shares on May 30, 2023, making its stake of worth around $242.03 million in the company or a holder of 2.68% of company’s stock.
