The price of Plains All American Pipeline LP (NASDAQ:PAA) shares last traded on Wall Street fell -3.05% to $19.40.
PAA stock price is now 4.32% away from the 50-day moving average and 8.95% away from the 200-day moving average. The market capitalization of the company currently stands at $13.65B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $22, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Plains All American Pipeline LP (NASDAQ: PAA). , while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
A total of 35.10% of the company’s stock is owned by insiders.
During the past 12 months, Plains All American Pipeline LP has had a low of $15.02 and a high of $21.00. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 0.97, and a quick ratio of 0.92. According to the stock market information, the enterprise value for the company is $27283417088, which is based on a 26.51 price-to-earnings ratio, a 24.55 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for PAA is $18.5966 and a two-hundred day moving average price translates $17.8067 for the stock.
The latest earnings results from Plains All American Pipeline LP (NASDAQ: PAA) was released for 2024-09-30. The net profit margin was 1.02% and return on equity was 7.56% for PAA. The company reported revenue of $12.74 billion for the quarter, compared to $12.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.57 percent. For the current quarter, analysts expect PAA to generate $14.13B in revenue.
