In today’s recent session, 1.88 million shares of the Plains All American Pipeline LP (NASDAQ:PAA) have been traded, and its beta is 1.54. Most recently the company’s share price was $18.17, and it changed around $0.27 or 1.51% from the last close, which brings the market valuation of the company to $12.74B. PAA at last check was trading at a discount to its 52-week high of $19.03, offering almost -4.73% off that amount. The share price’s 52-week low was $12.07, which indicates that the recent value has risen by an impressive 33.57% since then. We note from Plains All American Pipeline LP’s average daily trading volume that its 3-month average coming to 3.54 million.
Plains All American Pipeline LP stock received a consensus recommendation rating of Hold, based on a mean score of 2.41. If we narrow it down even further, the data shows that 0 out of 23 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 11 recommended PAA as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
Plains All American Pipeline LP (NASDAQ:PAA) trade information
Instantly PAA has been showing a green trend so far today with a performance of 1.51% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 19.93% year-to-date, but still up 5.27% over the last five days. On the other hand, Plains All American Pipeline LP (NASDAQ:PAA) is 6.20% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $14.7, which translates to bulls needing to decrease their stock price by -23.61% from its current value. Analyst projections state that PAA is forecast to be at a low of $13 and a high of $16.
Plains All American Pipeline LP (PAA) estimates and forecasts
Plains All American Pipeline LP share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.73 percent over the past six months and at a -11.27% annual growth rate that is well below the industry average of 7.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.41%. Plains All American Pipeline LP earnings are expected to increase by -5.91% in 2024, but the outlook is negative -1.70% per year for the next five years.
PAA Dividends
Plains All American Pipeline LP’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 6.16 percent and its annual dividend per share was 1.12. It is important to note, however, that the 6.16% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
