Plains All American Pipeline L.P. (PAA) : Traders are bullish on Plains All American Pipeline L.P. (PAA) as it has outperformed the S&P 500 by a wide margin of 0.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.79% in the last 1 week, and is up 2.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $27.98 and $27.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.08, notching a gain of 0.61% for the day. The total traded volume was 2,060,102 . The stock had closed at $27.91 on the previous day.
The stock has recorded a 20-day Moving Average of 0.84% and the 50-Day Moving Average is 6.15%. Plains All American Pipeline, L.P. is up 24.2% in the last 3-month period. Year-to-Date the stock performance stands at 32.82%.
Plains All American Pipeline L.P. (PAA) : The highest short term price target forecast on Plains All American Pipeline L.P. (PAA) is $39 and the lowest target price is $22. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $28.87 with a standard deviation of $3.94.
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.