The stock of Plains All American Pipeline LP (NASDAQ:PAA) last traded at $17.43, up 3.01% from the previous session.
PAA stock price is now 0.22% away from the 50-day moving average and 0.69% away from the 200-day moving average. The market capitalization of the company currently stands at $12.22B.
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With the price target reduced from $22 to $19, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Plains All American Pipeline LP (NASDAQ: PAA). , while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, Goebel Jeremy L., EVP & CCO sold 35,000 shares of the company’s stock on Nov 21 ’23. The stock was sold for $545,321 at an average price of $15.58. Upon completion of the transaction, the EVP & CCO now directly owns 279,223 shares in the company, valued at $4.87 million. A total of 35.12% of the company’s stock is owned by insiders.
During the past 12 months, Plains All American Pipeline LP has had a low of $14.46 and a high of $19.17. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.00, and a quick ratio of 0.90. The fifty day moving average price for PAA is $17.3966 and a two-hundred day moving average price translates $17.30125 for the stock.
The latest earnings results from Plains All American Pipeline LP (NASDAQ: PAA) was released for 2024-06-30. The net profit margin was 1.54% and return on equity was 9.91% for PAA. The company reported revenue of $12.93 billion for the quarter, compared to $11.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.47 percent.
