Plains All American Pipeline L.P. [NYSE:PAA] is seeing significant action in the Energy space. PAA stock has price per sales of 0.16 and price per cash flow of 3.28. The company is also booking -2.96 earnings per share.
The tape is active for Plains All American Pipeline L.P. [PAA] and the current price target sits at $11.96.
To add more color to this price target, PAA’s high over the last year is $17.00 and the low is $8.00. Over the last two 52 weeks, the company is trading -66.75%, while the S&P 500 is trading 0.79%.
The Price is right
Holding a Market Cap of $4.68 billion, Plains All American Pipeline L.P. has seen a trading range over the last year of $3.00-$19.75.
For the last five days, PAA is up from its last closing price. The average shares trading hands each day is 5.27M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for PAA. When we apply the Elder Force Index to Plains All American Pipeline L.P., we are seeing an Elder Force Indicator number of 4108943.53.
The recent performance of the stock is another area that can tell traders how to proceed. PAA is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 4.96.
In the last quarter, PAA made a profit of 447.0 million. Plains All American Pipeline L.P. also saw quarter revenue growth year over year of -1.70%.
Looking at popular technical indicators, the company’s 5-day moving average is 6.02 compared to the 50-day moving average of 1.31%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. PAA currently holds a 9-day RSI of 55.78%, while 100-day RSI stands at 42.90%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. PAA’s 9-day MACD is -0.02 and the company’s 100-day MACD stands at -2.11.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 39.28% by insiders and 51.73% by institutions. Regarding institutional holdings, Alps Advisors Inc. owns 5.97%, while the second top holder, Tortoise Capital Advisors, LLC, currently owns 4.90%.
Over the last six months, insiders have bought 45,400 with the most recent transaction from Chiang Willie CW, Chairman and CEO, with a purchase at price 5.45 per share.
Overall, the recommended rating for PAA is Moderate Buy. Currently, the company has 17 analysts watching the stock, and the average quarterly earnings estimate is 0.31. Quarterly revenue estimates are averaging 5.18B with the high estimate reaching 8.77B and the low at 3.36B.