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What Are You Thinking About Investing In Plains All American Pipeline L.P. (NASDAQ: PAA) Stock?

Plains All American Pipeline L.P. (NASDAQ:PAA) traded at $12.42 at close of the session on Tuesday, 11/22/22, made an upward move of 2.22% on its previous day’s price.

Looking at the stock we see that its previous close was $12.15 and the beta (5Y monthly) reads 1.66 with the day’s price range being $12.13 – $12.505. The company has a trailing 12-month PE ratio of 8.54. In terms of its 52-week price range, PAA has a high of $12.75 and a low of $8.64. The company’s stock has gained about 4.99% over that past 30 days.

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Plains All American Pipeline L.P. has a market cap of $8.56 billion and is expected to release its quarterly earnings report on Feb 07, 2023 – Feb 13, 2023. With its Forward Dividend at 0.87 and a yield of 7.00%, the company’s investors could be anxious for the PAA stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.26, with the EPS growth for the year raised at $1.15 for 2022 and $1.29 for next year. These figures represent 21.10% and 12.20% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $16.37 billion, with a low of $13.35 billion and a high of $18.81 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $64.18 billion, or 52.50% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PAA stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the PAA stock currently stands at 0.98, and the current price level is 1.58% off its SMA20 and 6.30% from its 50-day simple moving average. The RSI (14) is pointing at 58.14 while the volatility over the past week is 3.03% and jumps to 2.57% over the past one month. The beta value is 1.68, while the average true range (ATR) is currently pointing at 0.34.

Let’s briefly compare Plains All American Pipeline L.P. (PAA) stock to its peers. We find that current price change of 2.22% and 25.71% over the past 12 months for PAA competes that of NuStar Energy L.P. (NS), which has seen its stock price rise 1.65% in the last trading session and was 8.28% over the last one year. Another of its peers Delek Logistics Partners LP (DKL) has gained 1.46% previous session, and was 23.56% up over the past year, while Enterprise Products Partners L.P. (EPD) was also up 0.61% in the last session, while its price remained in the green at 12.95% over the same period. Plains All American Pipeline L.P. has a P/E ratio of 8.54 compared to NuStar Energy L.P.’s 44.86 and Delek Logistics Partners LP’s 15.12. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.

Coming back to Plains All American Pipeline L.P. (NASDAQ:PAA), we note that the average 3-month trading volume was 5.46 million, while that of the preceding 10-day period stands at 5.14 million. Current shares outstanding are 698.00 million.

The insiders hold 0.20% of the company’s shares while institutions hold 42.80%. The data shows that short shares as of Oct 13, 2022, stood at 27.09 million at a short ratio of 4.76. This represents a 3.88% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 24.54 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 32.98% up in year-to-date price movement.

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