What Is the Outlook For Plains All American Pipeline, LP (NASDAQ:PAA) Like For Short-Term?

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Plains All American Pipeline, L.P. (NASDAQ:PAA) traded at $9.8 at last check on Wednesday, Jan 20, made a downturn move of -3.69% on its previous day’s price.

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Looking at the stock we see that its previous close was $10.17 and the beta (5Y monthly) reads 2.22 with the day’s price range being $9.78 – 10.41. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, PAA has a high of $18.95 and a low of $3. The company’s stock has gained about 15.96% over that past 30 days.

Plains All American Pipeline, L.P. has a market cap of $7.54 Billion and is expected to release its quarterly earnings report on February 09, 2021. With its Forward Dividend at 0.72 and a yield of 7.08%, 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 $0.33, with the EPS growth for the year declined at -$1.64 for 2021 and $1.27 for next year. These figures represent -1.62% and -1.77% 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 $6.18 Billion, with a low of $3.31 Billion and a high of $8.93 Billion. The median projection represents growth adding up to -32.5% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $23.92 Billion, or -29% down from figures reported last year.

There have been 1 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 50% Buy.

Based on estimates by 23 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Plains All American Pipeline, L.P. (PAA) stock as a Hold, while 15 rate it as a Buy. 2 analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the PAA stock currently stands at 0, and the most recent price level today is 6.55% off its SMA20 and 13.24% from its 50-day simple moving average. The RSI (14) is pointing at 58.4 while the volatility over the past week is 4.8% and jumps to 5.13% over the past one month. The beta value is 2.22, while the average true range (ATR) is currently pointing at 0.5. The average price target for the stock over the next 12 months is $12, with the estimates having a low of $9 and a high of $17. These price ends are -8.16% and +73.47% off the today’s price level respectively, although investors could be excited at the prospect of a +22.45% if the PAA share price touches on the median price of $12.

Let’s briefly compare Plains All American Pipeline, L.P. (PAA) stock to its peers. We find that today’s price change of -3.69% and -46.45% over the past 12 months for PAA competes that of Enterprise Products Partners LP (EPD), which has seen its stock price fall -0.06% in the latest trading session and is -19.16% over the last one year. Another of its peers Energy Transfer LP (ET) has climbed 0.29% today, but was -49.48% down over the past year, while Magellan Midstream Partners LP (MMP) is also down -3.69% yet, while its price remains in the red at -46.45% over the same period. Plains All American Pipeline, L.P. has a P/E ratio of 0 compared to Enterprise Products Partners LP’s 11.37 and Energy Transfer LP’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.36% and 0.78%, respectively, in early deals.

Coming back to Plains All American Pipeline, L.P. (NASDAQ:PAA), we note that the average 3-month trading volume was 6.14 Million, while that of the preceding 10-day period stands at 4.27 Million. Current shares outstanding are 728.48 Million.

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According to data from Thomson Reuters, insiders hold 34.48% of the company’s shares while institutions hold 46.08%. The data shows that short shares as of December 30, 2020, stood at 22.75 Million at a short ratio of 3.62. This represents a 3.12% short interest in shares outstanding on December 30, 2020. Shares short rose in December from the previous month at 16.66 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +23.42% up in year-to-date price movement.


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