Plains All American Pipeline L.P. (NYSE:PAA) has tumbled 1.11% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.04% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.08% and the outperformance has advanced to 6.07% for the last 4 weeks period.
Plains All American Pipeline L.P. (NYSE:PAA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.69 and $26.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.75, notching a gain of 1.79% for the day. The total traded volume was 6,789,700 . The stock had closed at $26.28 on the previous day.
The company shares have dropped -39.90% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $45.47 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $24.40 and the 200 Day Moving Average price is recorded at $22.24.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Plains All American Pipeline Lp, Armstrong Greg L had purchased shares worth of $2,538,540 in a transaction dated on February 10, 2016. A total of 158,066 shares were purchased at a price of $16.06 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. SunTrust Robinson Humphrey initiates coverage on Plains All American Pipeline L.P. (NYSE:PAA). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at SunTrust Robinson Humphrey announces a current price target of $30 per share. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 1.3% of Plains All American Pipeline L.P. shares according to the proxy statements. Institutional Investors own 64.37% of Plains All American Pipeline L.P. shares. During last six month period, the net percent change held by insiders has seen a change of 16.72%.
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Companys operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.