With 1.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.77 million shares. The 52-week range on PAA shows that it touched its highest point at $21.00 and its lowest point at $15.57 during that stretch. It currently has a 1-year price target of $20.94. With its current market cap of 11.69 billion, PAA has annualized dividend of $1.40 while the current yield stands at 8.39%. Beta for the stock currently stands at 0.66.
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 down-trending over the past week, with a drop of -3.82%, but this was down by -5.89% over a month. Three-month performance dropped to -18.85% while six-month performance fell -4.87%. The stock lost -4.92% in the past year, while it has lost -2.69% so far this year. A look at the trailing 12-month EPS for PAA yields 0.93 with Next year EPS estimates of 1.51. For the next quarter, that number is 0.32. This implies an EPS growth rate of 4.96% for this year and -4.61% for next year. EPS is expected to grow by 1.69% 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, 703.78 million PAA shares are outstanding with a float of 457.18 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 $1.48128 being high and $1.24332 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 $0.42 and the low estimate is $0.29. The average estimate for the next quarter is thus $0.36.
