Plains All American Pipeline L.P. (PAA) has risen sharply, recording gains of 2.37% in the past 4 weeks. However, the stock has corrected -4.52% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.58% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.62% and the fifty day Moving Average is 2.6%. Plains All American Pipeline, L.P. is up 31.42% in the last three month period. Year-to-Date the stock performance stands at 34.9%.
Plains All American Pipeline L.P. (PAA) : The most positive equity analysts on Plains All American Pipeline L.P. (PAA) expects the shares to touch $37, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $29.64 with an expected fluctuation of $3.2 from the mean.
Plains All American Pipeline L.P. (NYSE:PAA): On Fridays trading session , Opening price of the stock was $28.53 with an intraday high of $28.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.39. However, the stock managed to close at $28.52, a loss of 0.04% for the day. On the previous day, the stock had closed at $28.53. The total traded volume of the day was 901,661 shares.
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.