Plains All American Pipeline LP (NASDAQ: PAA) has reported earnings for its second fiscal quarter (ending June 30) of $0.26 versus $0.32 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.10 compared to $1.62 a year ago.
Recent Price Action
On 8/2/24, Plains All American Pipeline LP (NASDAQ: PAA) stock declined by -3.2%, closing at $17.42. Moreover, this decline was accompanied by exceptionally high trading volume at 224% of normal. The stock has declined -3.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PAA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Plains All American Pipeline has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Plains All American Pipeline has a slightly positive Power Rating of 70 and a slightly positive Appreciation Score of 70, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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