Plains All American Pipeline L.P. (PAA) Stock’s Detailed Analysis

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Plains All American Pipeline L.P. (NASDAQ:PAA) has a beta value of 2.25 and has seen 4.04 million shares traded in the last trading session. The company, currently valued at $7.29B, closed the last trade at $10.17 per share which meant it lost -$0.19 on the day or -1.83% during that session. The PAA stock price is -21.73% off its 52-week high price of $12.38 and 44.84% above the 52-week low of $5.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.87 million shares traded. The 3-month trading volume is 4.22 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 2.20. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 8 out of 25 have rated it as a Hold, with 14 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.23.

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Sporting -1.83% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 09/28/21 when the PAA stock price touched $10.17 or saw a rise of 2.87%. Year-to-date, Plains All American Pipeline L.P. shares have moved 23.42%, while the 5-day performance has seen it change 10.06%. Over the past 30 days, the shares of Plains All American Pipeline L.P. (NASDAQ:PAA) have changed 7.17%. Short interest in the company has seen 17.81 million shares shorted with days to cover at 3.74.

Wall Street analysts have a consensus price target for the stock at $12.61, which means that the shares’ value could jump 19.35% from current levels. The projected low price target is $10.00 while the price target rests at a high of $16.00. In that case, then, we find that the current price level is -57.33% off the targeted high while a plunge would see the stock lose 1.67% from current levels.

Plains All American Pipeline L.P. (PAA) estimates and forecasts

Figures show that Plains All American Pipeline L.P. shares have outperformed across the wider relevant industry. The company’s shares have gained 14.53% over the past 6 months, with this year growth rate of 129.77%, compared to -8.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 76.90% and 363.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 49.40%.

7 analysts offering their estimates for the company have set an average revenue estimate of $8.71 billion for the current quarter. 7 have an estimated revenue figure of $9.16 billion for the next quarter concluding in Dec 2021.

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 -47.50% over the past 5 years.

PAA Dividends

Plains All American Pipeline L.P. is expected to release its next earnings report on November 02 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 7.08%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 8.82%.

Plains All American Pipeline L.P. (NASDAQ:PAA)’s Major holders

Insiders own 34.66% of the company shares, while shares held by institutions stand at 45.60% with a share float percentage of 69.79%. Investors are also buoyed by the number of investors in a company, with Plains All American Pipeline L.P. having a total of 380 institutions that hold shares in the company. The top two institutional holders are Alps Advisors Inc. with over 54.38 million shares worth more than $494.88 million. As of Mar 30, 2021, Alps Advisors Inc. held 7.47% of shares outstanding.

The other major institutional holder is Blackstone Group Inc., with the holding of over 34.57 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $314.62 million and represent 4.75% of shares outstanding.

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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 Feb 27, 2021, the former fund manager holds about 7.02% shares in the company for having 51.14 million shares of worth $431.64 million while later fund manager owns 10.22 million shares of worth $86.3 million as of Feb 27, 2021, which makes it owner of about 1.40% of company’s outstanding stock.