With 2.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.03 million shares. The 52-week range on PAA shows that it touched its highest point at $21.00 and its lowest point at $16.04 during that stretch. It currently has a 1-year price target of $22.21. With its current market cap of 14.51 billion, PAA has annualized dividend of $1.33 while the current yield stands at 6.46%. Beta for the stock currently stands at 1.60.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PAA was up-trending over the past week, with a rise of 6.45%, but this was up by 0.24% over a month. Three-month performance surged to 20.02% while six-month performance rose 16.10%. The stock gained 27.84% in the past year, while it has gained 20.73% so far this year. A look at the trailing 12-month EPS for PAA yields 0.73 with Next year EPS estimates of 1.53. For the next quarter, that number is 0.44. This implies an EPS growth rate of 0.35% for this year and 1.10% for next year. EPS is expected to grow by 2.51% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -22.68%.
Float and Shares Shorts:
At present, 703.67 million PAA shares are outstanding with a float of 454.68 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAA since 12 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.61755 being high and $1.23273 being low. For PAA, this leads to a yearly average estimate of $1.36913. Based on analyst estimates, the high estimate for the next quarter is $0.45 and the low estimate is $0.3. The average estimate for the next quarter is thus $0.37.
