Market Update: Plains All American Pipeline LP (PAA) Sees Positive Movement, Closing at 16.89

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In the latest session, Plains All American Pipeline LP (NASDAQ: PAA) closed at $16.89 up 0.18% from its previous closing price of $16.86. In other words, the price has increased by $0.18 from its previous closing price. On the day, 1.12 million shares were traded. PAA stock price reached its highest trading level at $16.94 during the session, while it also had its lowest trading level at $16.78.


For a deeper understanding of Plains All American Pipeline LP’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 35.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.73.

Barclays Downgraded its Equal Weight to Underweight on September 25, 2023, while the target price for the stock was maintained at $15.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 21 ’23 when Goebel Jeremy L. sold 35,000 shares for $15.58 per share. The transaction valued at 545,321 led to the insider holds 279,223 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PAA now has a Market Capitalization of 11841088512 and an Enterprise Value of 25182089216. As of this moment, Plains’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.45, and their Forward P/E ratio for the next fiscal year is 11.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 1.47. Its current Enterprise Value per Revenue stands at 0.521 whereas that against EBITDA is 10.257.

Stock Price History:

Over the past 52 weeks, PAA has reached a high of $19.03, while it has fallen to a 52-week low of $13.03. The 50-Day Moving Average of the stock is -3.78%, while the 200-Day Moving Average is calculated to be 5.08%.

Shares Statistics:

For the past three months, PAA has traded an average of 3.19M shares per day and 1923660 over the past ten days. A total of 701.01M shares are outstanding, with a floating share count of 456.16M. Insiders hold about 34.93% of the company’s shares, while institutions hold 41.04% stake in the company. Shares short for PAA as of 1715731200 were 13759708 with a Short Ratio of 4.31, compared to 1713139200 on 10824158. Therefore, it implies a Short% of Shares Outstanding of 13759708 and a Short% of Float of 2.98.

Dividends & Splits

According to the company, the forward annual dividend rate for PAA is 1.17, from 1.17 in the trailing year. Against a Trailing Annual Dividend Yield of 0.06939501The stock’s 5-year Average Dividend Yield is 8.53.

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