Plains All American Pipeline LP (NASDAQ: PAA) on Friday, plunged -0.99% from the previous trading day, before settling in for the closing price of $17.10. Within the past 52 weeks, PAA’s price has moved between $14.46 and $19.17.
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Energy Sector giant saw their annual sales surged by 13.83% over the last five years. The company achieved an average annual earnings per share of -4.66%. With a float of $454.89 million, this company’s outstanding shares have now reached $701.01 million.
The firm has a total of 4200 workers. Let’s measure their productivity. In terms of profitability, gross margin is 3.73%, operating margin of 2.97%, and the pretax margin is 2.93%.
Plains All American Pipeline LP (PAA) Insider Activity
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Plains All American Pipeline LP is 35.12%, while institutional ownership is 41.05%. The most recent insider transaction that took place on Nov 21 ’23, was worth 545,321. In this transaction EVP & CCO of this company sold 35,000 shares at a rate of $15.58, taking the stock ownership to the 279,223 shares.
Plains All American Pipeline LP (PAA) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.35 earnings per share (EPS) for the period topping the consensus outlook (set at 0.26) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.66% per share during the next fiscal year.
Plains All American Pipeline LP (NASDAQ: PAA) Trading Performance Indicators
Plains All American Pipeline LP (PAA) is currently performing well based on its current performance indicators. A quick ratio of 0.90 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24. Likewise, its price to free cash flow for the trailing twelve months is 7.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.10, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 1.43 in one year’s time.
Technical Analysis of Plains All American Pipeline LP (PAA)
Analysing the last 5-days average volume posted by the [Plains All American Pipeline LP, PAA], we can find that recorded value of 2.15 million was lower than the volume posted last year of 2.68 million. As of the previous 9 days, the stock’s Stochastic %D was 14.47%. Additionally, its Average True Range was 0.29.
During the past 100 days, Plains All American Pipeline LP’s (PAA) raw stochastic average was set at 21.68%, which indicates a significant increase from 6.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.40% in the past 14 days, which was lower than the 20.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.54, while its 200-day Moving Average is $17.27. Now, the first resistance to watch is $17.07. This is followed by the second major resistance level at $17.21. The third major resistance level sits at $17.31. If the price goes on to break the first support level at $16.83, it is likely to go to the next support level at $16.73. Should the price break the second support level, the third support level stands at $16.59.
Plains All American Pipeline LP (NASDAQ: PAA) Key Stats
Market capitalization of the company is 11.87 billion based on 701,071K outstanding shares. Right now, sales total 48,712 M and income totals 1,230 M. The company made 12,933 M in profit during its latest quarter, and 250,000 K in sales during its previous quarter.
