During the recent session, Plains All American Pipeline LP (NASDAQ:PAA)’s traded shares were 1.02 million, with the beta value of the company hitting 0.68. At the last check today, the stock’s price was $16.51, reflecting an intraday loss of -2.54% or -$0.43. The 52-week high for the PAA share is $21.00, that puts it down -27.2 from that peak though still a striking 5.69% gain since the share price plummeted to a 52-week low of $15.57. The company’s market capitalization is $11.62B, and the average trade volume was 3.79 million shares over the past three months.
Plains All American Pipeline LP (PAA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.37. PAA has a Sell rating from 1 analyst(s) out of 12 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.45.
Plains All American Pipeline LP (NASDAQ:PAA) trade information
Plains All American Pipeline LP (PAA) registered a -2.54% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.54% in intraday trading to $16.51, hitting a weekly high. The stock’s 5-day price performance is -0.72%, and it has moved by -3.79% in 30 days. Based on these gigs, the overall price performance for the year is -5.60%.
The consensus price target of analysts on Wall Street is $22, which implies an increase of 24.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $23 respectively. As a result, PAA is trading at a discount of -39.31% off the target high and -9.02% off the low.
Plains All American Pipeline LP (PAA) estimates and forecasts
In the rating firms’ projections, revenue will increase 12.68% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 14B as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 14.12B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.99B and 12.93B respectively. In this case, analysts expect current quarter sales to grow by 16.69% and then jump by 9.17% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -22.68%. While earnings are projected to return 3.03% in 2025, the next five years will return 2.20% per annum.
PAA Dividends
Plains All American Pipeline LP is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Plains All American Pipeline LP is 1.40, with the dividend yield indicating at 8.45 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 29.64 million shares, is of BLACKSTONE INC.’s that is approximately 4.2277% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $529.3 million.
Also, the Mutual Funds coming in first place with the largest holdings of Plains All American Pipeline LP (PAA) shares are ALPS ETF TRUST-ALERIAN MLP ETF and AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. . Data provided on Feb 28, 2025 indicates that ALPS ETF TRUST-ALERIAN MLP ETF owns about 75.91 shares. This amounts to just over 10.42 percent of the company’s overall shares, with a $1.25 billion market value. The same data shows that the other fund manager holds slightly less at 17.43, or about 2.39% of the stock, which is worth about $286.43 million.
